Can DraftKings Maintain Its Super Status After the ESPN Bet Announcement?
In the fast-paced world of online sports betting, the competition is fierce and unrelenting. Among the contenders, (NASDAQ: DKNG) holds a prominent position as a top betting stock, drawing the attention of investors and enthusiasts alike.
But now, a new player has entered the ring: Penn Entertainment (NASDAQ: PENN). The company is divesting its Barstool Sports brand to relaunch its sportsbook as ESPN Bet through a groundbreaking partnership with Disney. As the betting landscape undergoes this transformation, savvy investors are left wondering if DraftKings can maintain its super status in the face of this formidable adversary.
DraftKings has been riding a wave of impressive growth. With its online sportsbook and iGaming products, the company showcases a remarkable trajectory of success. The recent second-quarter results reveal an 88% surge in revenue compared to the same period last year, showing a successful company in motion. DraftKings strategically honed its customer experience, leading to higher retention rates and monetization.
Source Fool.com
DraftKings Inc. Stock
The stock is one of the favorites of our community with 83 Buy predictions and 2 Sell predictions.
As a result the target price of 46 € shows a positive potential of 45.34% compared to the current price of 31.65 € for DraftKings Inc..
