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DKNG - Sports Betting Stocks: The Bubble Phase May Be Over - It's Time To Pick The Long-Term Winners
DraftKings Inc.
This is a sector where forecasts of future revenues run the gamut from a realistic GGR of $35b to an off the wall GGR of $163b.
The main 19 contenders will continue to lose money as competition for new customers intensifies. Our consolidated tier one group is most likely to dominate the space by 2025.
Whoever can get marketing costs under control first, and take strong shares of new states markets, will win.