DraftKings Investors Need to Be Aware of These Major Risks
Sports betting company DraftKings (NASDAQ: DKNG) went public via a special purpose acquisition company (SPAC) in 2020. If you're thinking about buying this stock, there are some key risks that long-term investors need to weigh first.
In this segment of Backstage Pass, recorded on Nov. 1, a few days before the company's earnings releases, Fool contributors Jose Najarro, Danny Vena, and Toby Bordelon explain.
Days later, the company reported its earnings for the third quarter on Nov. 5. During the three-month period, its revenue surged 60% year over year, while monthly unique payers and average revenue per monthly unique payers increased 31% and 38%, respectively.
Source Fool.com
