The Latest Breaking News from DKNG

Even though inflation is putting pressure on consumers’ discretionary spending, the entertainment industry is poised to remain resilient on the backs of robust demand. Given such industrial tailwinds, let’s compare entertainment stocks MGM Resorts (MGM) and DraftKings (DKNG) to discover which of these stocks is a better choice now. Read…

Sports betting and gaming company DraftKings’s (DKNG) steady revenue growth and its 2023 guidance upgrade raise optimism. However, its top-line growth does not translate to bottom-line improvement. So, is DKNG worth betting on? Let’s look at the company’s key financial metrics to find out.

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Despite DraftKings (DKNG) raising its guidance, the company's fundamentals do not make a convincing investment case for the stock. Read on….

Technological innovation and increasing legalization is driving the growth of the gambling market. However, not all gambling stocks are expected to gain from the industry tailwinds. We think it could be wise to buy fundamentally strong gambling stock Boyd Gaming (BYD) and avoid DraftKings (DKNG) and Esports Entertainment (GMBL) due…

While digital innovations continue to boost the gambling industry, strict regulations might hamper the industry’s prospects. We think fundamentally strong gambling stocks Boyd Gaming (BYD) and Accel Entertainment (ACEL) are poised to deliver steady returns and might be solid buys this year. However, fundamentally weak DraftKings (DKNG) might be best…

As recessionary fears loom largely over the economy, fundamentally weak stocks DraftKings (DKNG) and Beyond Meat (BYND) don’t seem to mix well and might be best avoided. Read more….

Despite the expected slowdown of interest rate hikes, investors are concerned about a recession next year. This could mean more pain for stocks that have already fallen significantly this year. Amid this backdrop, investors should avoid fundamentally weak stocks Advanced Micro Devices (AMD), DraftKings (DKNG), SoFi Technologies (SOFI), ContextLogic (WISH),…

The gambling industry is well positioned for healthy long-term growth in a post-pandemic world driven by increasing disposable income and the growing popularity of online gambling platforms. While it could be wise to invest in fundamentally strong gambling stock Boyd Gaming (BYD), struggling industry participant DraftKings (DKNG) might be best…

Someone with a lot of money to spend has taken a bullish stance on DraftKings (NASDAQ:DKNG). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Sports betting and online casino company DraftKings Inc (NASDAQ: DKNG) reported third-quarter financial results before market open Friday. Here are the key highlights and why shares are dropping.