(NASDAQ: DKNG) has been a strong performer over the past five years with the stock up over 250% during that stretch. However, the stock's momentum has stalled in 2024 with shares down slightly year to date.

Nonetheless, the online sports betting operator continues to have a bright future in front of it. Let's look at three things investors should know about the company before buying the stock.

In simplest terms, DraftKings' revenue comes from bringing in more money from the bets that are placed than it pays out in winnings. This is called the "hold" in the gaming industry.

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Source Fool.com