ESPN Bet is off to a bad start [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
NBC has a gambling deal with DraftKings; PFT the online operation has had no gambling deal, ever. We've had opportunities. We've passed, for various reasons. Among other things, I've got lingering concerns that too many people will view sports betting as a way to make money and not what it truly is — a form of entertainment that entails, for the vast majority of those who do it, a high degree of certainty that you will lose money. And that's fine. People lose (spend) discretionary income in all sorts of ways. But it's a reliable way to make money only for the house. Except for Penn National, that is. After its deal with Barstool went belly up, Penn pivoted to ESPN Bet with a deal that pays $1.5 billion over 10 years , along with the ability to buy up to 31.8 million shares of Penn National stock. Now, with the first full quarter of the new relationship completed, Penn National missed its earnings estimate — due to ESPN Bet. Via S ports Business Journal , ESPN Bet was a " dra
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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