Why DraftKings Jumped 10% Today

Shares of sports-gambling company DraftKings (NASDAQ: DKNG) are up over 10% as of 10:35 EDT on Tuesday after an analyst maintains a buy rating on the stock. 

Benchmark analyst Mike Hickey updated his rating after Illinois governor J.B. Pritzker reinstated an executive order allowing bettors to sign up for sports betting accounts and place wagers remotely. DraftKings entered Illinois with a retail sportsbook presence at Casino Queen in East St. Louis earlier this month. The executive order allows customers to create an account and make bets without having to physically visit the casino.

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Source Fool.com