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DraftKings higher as another Wall Street firm gushes
May 5, 2020 1:04 PM ET|About: DraftKings Inc. (DKNG)|By: Clark Schultz, SA News Editor
Canaccord Genuity starts off coverage on DraftKings ( DKNG +2.8%) with a Buy rating as it becomes the latest firm to point to the significant revenue potential.
The firm thinks by 2026 about two-thirds of the country will live in a state where sports betting is legal.
"Online gambling in countries with more permissive regulatory mindsets has experienced dramatic growth to levels that far outstrip in person wagering. For example, in the UK, online sports betting is ~2.5x larger than the in-person variety, with betting activity per player nearly 5x larger. Three years ago in the US, sports betting was illegal outside of casinos. New Jersey led the way in 2018 by legalizing online sports betting, and to date eight states covering 13.6% of the US population have legalized OSB in some form; we see this expanding to ~65% by 2026."
koreanbbq.nick
Comments39 | + Follow
Dkng been going up 6-10% every day wow
07 May 2020, 10:58 AM Reply1 Like
gymhog
Comments1005 | + Follow
check out dkngw, I bought two weeks ago and I'm up 40%, on the dkng bout two weeks ago up 20%
07 May 2020, 04:27 PM Reply0 Like
Legacy Legends, LLC
Comments1346 | + Follow
I think this will double when NFL no audience kicks in.
06 May 2020, 12:52 PM Reply2 Like
StateStreetBoston
Comments77 | + Follow
Looks like a mid-term play that could payoff in a big way. Strong financial backing plus their management team while young is very competent.
05 May 2020, 04:24 PM Reply1 Like
buzztime
Comments5 | + Follow
UFC this weekend. Sports coming back. If you wait for ALL sports to come back, you missed the boat on this stock.
05 May 2020, 02:03 PM Reply5 Like
melweezo
Comments151 | + Follow
Quit making sense, they will kick you off the internet
05 May 2020, 03:13 PM Reply8 Like
gymhog
Comments1005 | + Follow
I agree,UFC, horseracing without crowd but closed circuit.some sports will go on and people will flock to gamble in place of going to the games
06 May 2020, 11:56 AM Reply1 Like
StockStalker2020
Comments24 | + Follow
Seriously! The only people who actually make sense nowadays are the ones who make decisions that don't make any sense :)
07 May 2020, 10:45 AM Reply0 Like
Tim Apple
Comments28 | + Follow
This stock will sink faster than a rock when sports seasons are cancelled
05 May 2020, 01:47 PM Reply1 Like
Hall2653
Comments1 | + Follow
Pay attention dummy they are moving into the online casino markets too..this is a buy til it reaches $132per
05 May 2020, 02:00 PM Reply6 Like
Shane Fernandez
Comments356 | + Follow
Disagree respectfully. For example, NFL football will have their season without fans in the stands. NHL planning July start again. More will watch from home, bet, and partake in fantasy since they cannot go to games. Huge industry. Interesting enough for Disney to take a 6% stake.
Also, note that Fantasy football has it own radio station, TV shows and podcasts all over the place.
Opportunity is huge here.
Not saying we will not see bump in the road during this crisis, but if not buy now, then when.
05 May 2020, 02:02 PM Reply3 Like
melweezo
Comments151 | + Follow
This price is with us thinking most sports will be cancelled. What happens if they actually come back without fans in the stands? So let's play this out in our heads NBA and NHL cancel their seasons DKNG goes to 12 ( Back up the truck and dollar cost down) Because when the leagues figure out a way to play.. This goes to 40.
05 May 2020, 02:09 PM Reply1 Like
Tim Apple
Comments28 | + Follow
@Hall2653
Good luck with that, government moves in slow motion when it comes to highly regulated industries.
And by the way, they aren't profitable. How is a gambling company not profitable?
05 May 2020, 07:52 PM Reply0 Like
bull888
Comments114 | + Follow
If it sinks, I will back up the truck.
05 May 2020, 09:47 PM Reply0 Like
Final4an
Comments4 | + Follow
Disney a 6% stake in what?
06 May 2020, 10:53 AM Reply0 Like
gymhog
Comments1005 | + Follow
do you know what the difference is between dkng and dkngw is.dknygw seems to outperform almost every day by almost 50%.I own both but don't know what the difference is between the two
06 May 2020, 12:59 PM Reply0 Like
crstfr
Comments5 | + Follow
Odd that you're investing in something that you do not about but nonetheless.
DKNGW is a warrant that supposedly has a strike price of $11.50 out to 2026 but I cannot confirm and cannot find it anywhere other that Ishan, an author on this site and posters spoke of.
Something has to be wrong here as the Jan 2021/12.5 Call is almost priced the same.
Arbitrage or Garbitrage but something is out of line. More freaking crazy is that I cannot find anything on this lil interwebby thinga ma jig.
06 May 2020, 06:35 PM Reply1 Like
LostOkie51
Comments1424 | + Follow
Investing in something he doesn't even know what it is, , That's not odd. That's lunacy.
06 May 2020, 09:20 PM Reply0 Like
deercreekvols
Comments15295 | + Follow
Odd time for the stock to "jump."
05 May 2020, 01:46 PM Reply1 Like
jske
Comments1 | + Follow
I think GAN(New IPO) could go crazy. Already has.
05 May 2020, 01:40 PM Reply1 Like
gymhog
Comments1005 | + Follow
not public yet
06 May 2020, 05:07 PM Reply0 Like
newchicago09
Comments200 | + Follow
Watch for the pump. No reason to buy this when sports are not in session right now. Depending on if the June numbers spike NFL may not be playing this year
(edited)
05 May 2020, 01:21 PM Reply6 Like
BOOX Research
Comments1963 | + Follow
i agree.. but you also have to be on the lookout for the next "BYND" or "TLRY".. this could be the next momentum gimmick-stock de-jour
05 May 2020, 01:29 PM Reply3 Like
newchicago09
Comments200 | + Follow
That’s true! The float on this one isn’t as tight. But you never know.
05 May 2020, 01:30 PM Reply0 Like
dinvestf
Comments140 | + Follow
Lol TLRY, I will never understand why they spiked so high back a few years ago.
05 May 2020, 01:35 PM Reply0 Like
melweezo
Comments151 | + Follow
My bet... the NFL plays. They will be constantly testing the players and will play with little to no fans in the stands.
05 May 2020, 02:11 PM Reply1 Like
eaglenation5
Comments39 | + Follow
Every reason to buy. Markets think months in advance. If you wait for sports to begin, you'll miss the rally.
05 May 2020, 02:51 PM Reply1 Like |
