Topic: How To Invest

Power Growth Investor Hotline – Friday, January 29, 2021

Article Excerpt

DRAFTKINGS INC., $54.11, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) has now launched its DraftKings Sportsbook in Virginia, making it the 12th state in which its mobile and online sportsbook is available. The mobile technology of DraftKings Sportsbook will provide sports bettors in Virginia with the opportunity to bet on more than 250 unique leagues. That includes popular professional sports baseball, football, golf, hockey, boxing, soccer, tennis, motorsports and basketball. Collegiate sports are also available, with the exception of in-state college teams and college prop bets. (In gambling, a proposition bet or prop bet, is a bet made regarding the occurrence or non-occurrence during a game of an event not directly affecting the game’s final outcome. An example is the number of strikeouts a pitcher gets in a game.) DraftKings launched its mobile Sportsbook and Casino app in Michigan, on January 22, 2020. Michigan and Virginia together comprise 6% of the U.S. population, thereby increasing…

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