Tag: DKNG
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Top Ways to Trade March Madness this Year
With March Madness set for tip-off in just days, keep an eye on gambling stocks. In 2023, it was estimated that $15.5 billion was bet on the games – a major year-over-year increase from $3.1 billion. This year, with more states allowing online gambling, related stocks could push even higher. Keep an eye on stocks…
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Three Top Ways to Bet on Super Bowl 2024
With the Super Bowl just days away, and March Madness nearing, keep an eye on gambling stocks, like FanDuel parent, Flutter Entertainment (FLUT). Now trading on the NYSE, its FanDuel platform is a market share leader in the U.S., with 43% of the market based on gross revenue, as noted by CNBC. Analysts at Jefferies…
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DraftKings (DKNG) Looking Like a Good Buy Here
DraftKings (DKNG) is starting to push higher, as hoped. As we noted on Sept. 6, gambling stocks, like DKNG would be bid higher. All thanks to the 2023 NFL season, and a very bullish CEO. In fact, as noted by DKNG CEO Jason Robins, “It’s about to be the most important time of year seasonally…
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With the 2023 NFL Season Kicking Off, Gamble on these Trade Ideas
With the 2023 NFL season ready to kick off, gambling stocks are being bid higher. That includes DraftKings (DKNG) – which ran from about $25 to $30.32 – and Genius Sports (GENI) – which is up slightly after catching support at around $6 a share. For one, according to DKNG CEO Jason Robins: “It’s about…
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It’s Time to Buy Back into Casino Stocks
Keep an eye on casino stocks. With pandemic fears fading, casinos are back to raking in the green. In the first quarter of the year, U.S. commercial gaming revenue topping $11 billion in the first quarter of 2021, according to the American Gaming Association (AGA). “The revenue total marks a 4.1 percent increase over the…
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The Top Ways to Trade the Sports Betting Boom
Keep an eye on sports betting stocks. Just days ago, New York Gov. Cuomo signed 2022 budget legislation that includes plans to allow online sports betting. “The state will select two online platform providers for the program, with bidding expected to run throughout 2021, according to ESNY, as quoted by Sports Illustrated. The state now joins…
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This is Why DraftKings Could Rally to $100 this Year
Keep an eye on DraftKings (DKNG). The stock just broke from consolidation to the upside, as excitement builds for sports betting. Analysts at the Benchmark Company also raised their price target on DKNG to $66 from $60. “DKNG is expected to release F4Q20 results on Friday, Feb. 26th. We anticipate DKNG will deliver strong performance…
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Here’s Why DraftKings Could Soon Rally to $100 a Share
Online gambling and sports betting could send DraftKings (DKNG) to $100 share. That’s according to Loop Capital analyst Daniel Adam who now has a buy rating on the stock because of a $30 billion addressable sports wagering and gaming market. In addition, he says DKNG is the play on the online sports better boom and…