Analysts revise DraftKings stock price target after Kentucky Derby [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
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Source: Yahoo! Finance
Related: Analysts revisit Apple stock price targets after earnings The Run for the Roses is one of the biggest sporting events for gambling, right up there with the Super Bowl, March Madness, and the FIFA World Cup. According to Churchill Downs, wagering from all sources on Derby Day set a new record of $320.5 million, beating last year's record of $288.7 million. The Derby itself had a $210.7 million bet on the race, with $10 million coming from Japan. But the ponies are hardly the only thing people are betting on. Americans put down a record $119.84 billion on sports betting in 2023, up 27.5% from 2022, and boosted by new states coming online, according to the American Gaming Association's Commercial Gaming Revenue Tracker. Legal sportsbooks finished 2023 on a high note as the fourth quarter attracted wagers of $40.02 billion, S&P Global said in a February report, up 34.4% from the final period of 2022. This included bets on NFL and college football, MLB's post-season,
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News
- Dow Tags 40K. SPX Hits AT High. Here Are 3 Ways To Profit! [Forbes]Forbes
- Cramer's Lightning Round: DraftKings is a buy [CNBC]CNBC
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at UBS Group AG from $56.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- CFTC Aims To Ban Derivatives Based On Elections, Athletic Competitions And Awards Contests [zero hedge]zero hedge
- Vasiliy Lomachenko vs George Kambosos Jr. live updates: How to watch, stream fight, predictions [USA TODAY]USA TODAY
DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/17/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- DKNG's page on the SEC website