DKNG - A Bull Market Is Here. 3 Reasons to Buy DraftKings Like There's No Tomorrow
2024-03-07 09:15:00 ET
As an avid sports fan, I've been aware of the sports betting world for a while. However, even many casual and non-casual sports watchers can testify to just how prevalent sports betting is becoming. All it takes is watching a game (in virtually any sport) to see commercials for emerging sports betting platforms.
One of the leaders in the sports betting world is DraftKings (NASDAQ: DKNG) , which has been operating for well over a decade. Despite being one of the industry's pioneers, the company is on the earlier end of what it can ultimately become. If you're looking for a good buy within an emerging bull market , here are three reasons to look no further.
Since the U.S. Supreme Court paved the way for states to legalize and regulate sports betting in May 2018, momentum has been growing. When the Supreme Court made its decision, five states had legalized sports betting. Now, 38 states and Washington, D.C., are on board, and DraftKings currently only operates in 26 of them (it'll be 27 when North Carolina becomes operational).
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A Bull Market Is Here. 3 Reasons to Buy DraftKings Like There's No Tomorrow