Why DraftKings Stock Is Up Today

Shares of DraftKings (NASDAQ: DKNG) jumped 5.5% early Wednesday before settling back to a gain of 2.1% as of 11 a.m. EST.

Several news items boosted the stock that has already gained almost 14% just since the start of 2021. 

The online sports betting company announced the first 2021 launch of its sportsbook and casino mobile app in a new state yesterday. DraftKings' growth into Michigan comes after data from Pennsylvania showed record betting business there for the company in December.

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Source Fool.com