2 Reasons Why DraftKings Can Grow More Easily Than You Think
DraftKings' (NASDAQ: DKNG) share price has been on a growth trajectory. The coronavirus pandemic and the ensuing temporary pauses of major sports leagues did slow down this growth stock, but it eventually recovered and finished 2020 strong.
The company reported first-quarter earnings in May; they beat revenue estimates and raised expectations for the rest of 2021. In fact, DraftKings is growing faster than what its management expected. Fundamentally speaking, here are two reasons why DraftKings' growth is happening faster than expected.
DraftKings boasts a 5 million Daily Fantasy Sports player database. Image source: Getty Images.
Source Fool.com
