The House Always Wins: Why DraftKings Could Be Your Best Bet

Summary:

  • Football season is back, fueling excitement for sports betting. But while gambling is fun, it often leads to financial issues for bettors.
  • States legalize betting for tax revenue, despite the financial harm to consumers. DraftKings is positioned to profit from this trend.
  • DraftKings boasts diversified revenue streams, rising market share, and strong growth potential in the sports betting and iGaming markets.
  • Though not yet profitable, DraftKings’ expansion, customer growth, and future earnings make it a strong contender for growth-focused investors.

Fantasy Football Champion

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Introduction

Football season is back!

As much as I love summer, I always look forward to early September, when college football and the NFL return – my two favorite sports leagues.

According to Cornell University, there are ten


Analyst’s Disclosure: I/we have a beneficial long position in the shares of CME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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