Sports is an interesting thing. It is one of the few forms of entertainment that have the ability to bring together people of all ages and demographics. Fans become emotionally invested in their favorite teams. Watching a game can be a fun activity, and the advent of legal wagering is quickly fueling a new interest in the sports market.

While casinos have been around for ages, if you felt daring enough to place a bet, you would have to travel to the gambling den. However, as technology spreads, sports wagering is now as easy as opening an app on your phone and placing a bet.

One company pioneering this movement is DraftKings (NASDAQ: DKNG). It recently reported fourth-quarter and full-year 2022 results and did not disappoint. Let's dig in and see if DraftKings is worth a bet in your portfolio.       

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Source Fool.com