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Should Investors Place Their Next Bet on DraftKings Stock?

TheMotleyFool

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Should Investors Place Their Next Bet on DraftKings Stock?

DraftKings (NASDAQ: DKNG) is now a public company after merging with an already public shell company in April. Despite the unconventional IPO process, investors have bid up the company's stock price considerably. The market is betting on the immense growth opportunity that may unfold in the coming years as online sports gambling is legalized in several states.

Is Draftkings over-hyped, or could it live up to expectations?