Sports leagues thought they hit the jackpot by partnering with the betting industry–but gambling scandals are turning Americans against them [Fortune]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Fortune
Federal prosecutors have formally charged translator Ippei Mizuhara with stealing more than $16 million from Ohtani's bank account to place illicit bets and support the addiction. Which domino will fall next? Unfortunately for sports fans everywhere, the gambling problem may get worse before it gets better. The NBA has slapped Toronto Raptors center Jontay Porter with a lifetime ban after its investigation found him guilty of “betting irregularities.” While it is unclear how many professional athletes are involved in sports betting, gambling-related disciplinary action is on the rise Sports leagues are more immersed in the sports betting ecosystem than ever before, with the NFL in the middle of a $1 billion agreement with Caesars, DraftKings, and FanDuel while the NBA now allows active players to endorse sports betting or daily fantasy sports services, as long as the endorsement is general in nature and concerns betting on non-NBA action. Earlier this year, LeBron James signed a d
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DKNG
News
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Benchmark Co. from $50.00 to $52.00. They now have a "buy" rating on the stock.MarketBeat
- DraftKings (DKNG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- I'm in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage? [Yahoo! Finance]Yahoo! Finance
- How the US became hooked on sports betting – and the cost it's having on lives [CNN]CNN
- DraftKings Inc. (NASDAQ: DKNG) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $58.00 price target on the stock.MarketBeat
DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- DKNG's page on the SEC website