DraftKings – DKNG

DraftKings – DKNG

DraftKings – DKNG Jonathan Poland

DraftKings, Inc. is a leading digital sports entertainment and gaming firm with a presence in 17 countries. The company offers innovative sports betting and gaming technologies through its DraftKings brand, which is available in 5 states for iGaming. It also operates Golden Nugget Online Gaming, a well-known iGaming brand and product, in 3 states. With mobile and retail betting options in 18 states, DraftKings’ Sportsbook is fully operational and compliant with regulations. The company’s daily fantasy sports product is accessible in 6 countries and covers 15 sports categories. Furthermore, DraftKings offers the DraftKings Marketplace, a digital collectibles platform that offers carefully selected NFT drops and supports secondary-market transactions. It also owns Vegas Sports Information Network (VSiN), a multi-platform content and broadcast company. DraftKings was established in 2011 and is based in Boston, Massachusetts.

as of February 11, 2023
Tomorrow is Super Bowl Sunday and of course there are plenty of degenerates out there placing bets. Stick to that and avoid DraftKings for the time being, especially as a long-term investment. Maybe the company will get its act together an start cutting SG&A costs which run at 300% of the company’s gross profit. It’s definitely the brand name in sports betting, but an $7 billion cap is still too high.

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Jonathan Poland (“JP”) is a publisher, not a registered investment advisor, and nothing on this website is intended, and it should not be construed, to be investment advice. Under no circumstances does any information posted on this website represent a recommendation to buy or sell a security. The information on this site is not intended to be, nor does it constitute investment advice or recommendations. In no event shall JP be liable to any visitor or third party for any damages of any kind arising out of the use of any content or other material published or available on this site, or relating to the use of, or inability to use, any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Past performance does not guarantee future results. Read the full legal disclaimer.

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