- 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.
- We rate DraftKings a buy.
For further details see:
DraftKings: Bet On The King Of Sports Betting