If you don't have billions of dollars to buy a professional sports franchise, the next best thing to do to gain exposure is to invest in industries that are derivatives of the leagues, right? Enter (NASDAQ: DKNG). The online sports betting platform is still posting strong growth. 

Even though the stock is up an incredible 113% in 2023, DraftKings is still off about 66% from its all-time high price of $71.98 set in March 2021. Shares currently trade at a price-to-sales multiple of 4.2, close to the cheapest they've sold for since the company went public. This presents a potential opportunity. 

Here's why DraftKings is one growth stock that's down big to buy right now. 

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Source Fool.com