DraftKings (DKNG) Gains Market Share in New York Betting Market [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
New York market, Benchmark reaffirmed its Buy rating and $37 price target on the company's shares on December 1. Through Week 12 of this season, New York's sports betting industry has shown strong year-over-year growth, with handle up 12.7% and revenue up 16.2% when compared to the same period last year. Despite a somewhat weaker hold rate of 8.3% compared to the state average of 9.3%, DraftKings Inc. (NASDAQ:DKNG) has crossed the market when it comes of volume, with its handle up 15.6% year-over-year and revenue up 13.1%. According to Benchmark, the sports betting market in New York thrives on account of a balanced model where FanDuel supports margin expansion and DraftKings Inc. (NASDAQ:DKNG) promotes handle growth, resulting in an overall positive trend for the state's betting outcomes. Furthermore, DraftKings Inc. (NASDAQ:DKNG) is getting ready to extend its sports betting business to Missouri, where it planned to open a mobile sportsbook on December 1. The Missouri Gaming Com
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DKNG
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DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website