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DKNGZ - DraftKings: Bet On The King Of Sports Betting
DraftKings Inc. Warrant
DraftKings is one of the leading sports betting apps in the U.S.
With still a fraction of its total addressable market unlocked (as measured by states that have legalized sports betting heretofore), there's a long runway ahead for DraftKings.
That being said, we have reservations related to TAM and competition.
We are bullish on DraftKings notwithstanding, and in this note, we will provide a very comprehensive illustration of its business as well as an analysis of its financials.