DraftKings (DKNG) Ascends While Market Falls: Some Facts to Note
DraftKings (DKNG) reachead $37.36 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close.
Top Sports Betting Stocks Will Likely Outperform Sector In 2025 - Here Are Our Picks Of The Crop
Sports betting growth is driving gaming shares, with BetMGM and Caesars Sportsbook well-positioned for market share gains in 2025. FanDuel and Draft Kings dominate the market, holding over 72% combined, and are expected to maintain their lead through 2030. The US sports betting market is booming, with 2024 revenue hitting $13 billion and 2025 forecasted to reach $17.5 billion.
DraftKings Pilots Subscription Service for NY Customers
DraftKings is testing a subscription service aimed at giving paying customers improved odds. The $20-per-month plan was rolled out quietly late last month for select customers in New York, giving players up to a 100% profit boost on winning parlays, CNBC reported Friday (Jan. 3).
Why DraftKings is betting on a subscription service that gives members improved odds
Some consumers will have the ability to pay $20 a month for better odds on their parlays.
DraftKings tests a subscription service as it looks to offset high New York taxes
DraftKings is testing out a subscription service for select customers in New York, as it tries to offset the state's high gaming taxes. Subscribers will get a boost in odds on all winning parlays.
DraftKings (DKNG) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, DraftKings (DKNG) closed at $37.92, marking a -1.4% move from the previous day.
Is Trending Stock DraftKings Inc. (DKNG) a Buy Now?
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
Is the Options Market Predicting a Spike in DraftKings (DKNG) Stock?
Investors need to pay close attention to DraftKings (DKNG) stock based on the movements in the options market lately.
Is DraftKings (DKNG) a Buy as Wall Street Analysts Look Optimistic?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
5 Reasons DraftKings Stock Looks Promising in the New Year
Digital sports betting and iGaming app provider DraftKings Inc. NASDAQ: DKNG has been in hypergrowth mode through 2024 but continues to lose money and even issued downside guidance for 2024. The company, along with competitor FanDuel, owned by Flutter Entertainment plc NYSE: FLUT, faces further scrutiny over anticompetitive practices.
1 Growth Stock Down 18% to Buy Right Now
Much like an action-packed football game with several lead changes, DraftKings (DKNG 2.41%) stock has taken shareholders on a roller coaster of emotions. At the time of writing, the stock is down 18% from its 52-week high, but is still holding on to a solid 16% gain year to date.
DraftKings: Positioned For Growth - Here's Why You Should Buy Now
There are reasons to be optimistic in 2025 and beyond, including the company's improving financials and the potential to enter more states with gambling and sports betting. DraftKings missed Q3 2024 revenue, and EPS estimates, and its annual 2024 guidance was disappointing. Still, it provided solid 2025 annual revenue guidance of $6.2 billion-$6.6 billion. The company is focused on improving the betting mix to increase hold rates and profitability.
