Topic: How To Invest

Power Growth Investor Hotline – Friday, January 6, 2023

Article Excerpt

DRAFTKINGS INC., $11.63, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) currently provides sports betting in several U.S. states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming and Ohio. As well, it recently launched its online sportsbook and online casino products in Ontario. Apart from sports betting, the company also lets customers pick athletes and build fantasy teams competing across a range of professional sports. Other offerings include a mobile app for playing casino games such as blackjack and roulette. On January 1, 2023, DraftKings launched its online sportsbook in Ohio. Ahead of one of the busiest times of the year for sport betting activity with the 2023 College Football Playoff National Championship and the NFL playoffs, eligible sports fans in Ohio now have the opportunity to place a variety of bets through DraftKings’ online sportsbook, including its signature same-game parlay offers,…