6M

DraftKings : building on success in the fast-growing online betting market

- DraftKings $DKNG is a leading brand in the rapidly growing online sports betting and gambling industry.

-$DKNG's revenue grew 64% in 2023, and with many states not supporting online betting, DraftKings has a long road of growth ahead of it.

- Forecasts show that by 2029, the online casino gaming and sports betting market could reach a value of more than $150 billion.

- DraftKings $DKNG is also creating success by entering new markets, which is fueling profit growth. It is targeting adjusted EBITDA of over $2 billion by 2028.

- The recent acquisition of Jackpocket expands the addressable market by another $100 billion.

- DraftKings shares trade at 54 times forward earnings estimates, while improving profitability is an important catalyst for the stock this year, which could lead to new highs.

A gambling venture, would you be interested in investing in such a company?
0
Share
No comments yet
Don't have an account? Join us

Log in to Bulios

Continue with Google
Continue with Apple
Continue with Facebook
Or use email and password
Reset password
Už jsi členem? Přihlásit se

Create Bulios profile

Continue with
Or use email and password
You can use lowercase letters, numbers, and underscores

Why Bulios?

One of the fastest growing investor communities in Europe

Comprehensive data and information on thousands of stocks from around the world

Current information from global markets and individual companies

sign.popup.registration.listWhy.fourth

Fair prices, portfolio tracker, stock screener and other tools
Timeline Tracker Overview