3 Reasons to Buy DraftKings Stock in 2022
DraftKings (NASDAQ: DKNG) offers gambling enthusiasts a more convenient way to wager. For decades, people who sought entertainment through gambling were forced to potentially travel for hours to geographic destinations where the activity was permitted. More recently, several state governments have thought it wise to legalize gaming online.
DraftKings is benefiting from this state-by-state expansion. However, it is spending aggressively to acquire customers in each new market, and the losses to the bottom line have investors concerned. The stock fell 41% in 2021 and has kept falling in 2022. Here are three reasons why DraftKings stock could be a buying opportunity for long-term investors in 2022.
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Source Fool.com