DraftKings (DKNG) - Even Wall Street Is Betting On Sports Betting Growth

Summary: Draft Kings announced partnerships with UFC and Dish Network – significant growth potential Revenue grew by 89.4% over the past year and is forecasted to grow 27.31% per year Wallstreet is betting on sport betting growth Analyst Price Targets Average: $71 High $105 New Deals: UFC DraftKings (NASDAQ:DKNG) strikes a deal to become UFC' first exclusive sportsbook and daily fantasy partner in the U.S. and Canada. On a weekly basis, DraftKings will also provide fans with free-to-play UFC games as well as enhanced prop bets and other innovative sportsbook opportunities. UFC Growth ““During the pandemic, we were up 30 percent on ESPN, then as soon as it starts to average out, we’re up 18, 20 percent this year,” he said. “Our social media growth was massive this year. We surpassed 10 million followers on YouTube, earning us a diamond play status. Second only to NBA among sports organizations worldwide” https://www.globenewswire.com/news-release/2021/03/04/2187008/0/en/UFC-and-DraftKings-Reach-Groundbreaking-Deal.html https://www.bloodyelbow.com/2020/12/12/22169623/dana-white-ufc-killed-it-in-2020-broke-just-about-every-record-including-revenue DISH DraftKings (NASDAQ:DKNG) and DISH Network (NASDAQ:DISH) announce a strategic agreement across DISH's portfolio of brands to bring sportsbook and daily fantasy experiences directly to DISH customers nationwide. The "first-of-its-kind" DraftKings app integration will be through the DISH TV Hopper platform. Customers can initiate bets or contest entries with DraftKings directly from their TV. Once a bet or fantasy contest entry is initiated, customers will be prompted via text message through DraftKings-created technology to complete the transaction within the DraftKings app on their mobile device. https://www.prnewswire.com/news-releases/dish-and-draftkings-introduce-first-of-its-kind-app-integration-301239212.html https://www.forbes.com/sites/zackjones/2020/12/02/wall-street-investors-wager-on-sports-betting-stocks-growth-potential-in-2021/?sh=9192ff713862

back

DraftKings (DKNG) - Even Wall Street Is Betting On Sports Betting Growth

Mar 5, 2021

bullish

general Analysis

[1 min Read]

Summary:

  • Draft Kings announced partnerships with UFC and Dish Network - significant growth potential
  • Revenue grew by 89.4% over the past year and is forecasted to grow 27.31% per year
  • Wallstreet is betting on sport betting growth

Analyst Price Targets

  • Average: $71
  • High $105

New Deals:

UFC

  • DraftKings (NASDAQ:DKNG) strikes a deal to become UFC' first exclusive sportsbook and daily fantasy partner in the U.S. and Canada.
  • On a weekly basis, DraftKings will also provide fans with free-to-play UFC games as well as enhanced prop bets and other innovative sportsbook opportunities.
  • UFC Growth ““During the pandemic, we were up 30 percent on ESPN, then as soon as it starts to average out, we're up 18, 20 percent this year,” he said. “Our social media growth was massive this year. We surpassed 10 million followers on YouTube, earning us a diamond play status. Second only to NBA among sports organizations worldwide

https://www.globenewswire.com/news-release/2021/03/04/2187008/0/en/UFC-and-DraftKings-Reach-Groundbreaking-Deal.html

https://www.bloodyelbow.com/2020/12/12/22169623/dana-white-ufc-killed-it-in-2020-broke-just-about-every-record-including-revenue

DISH

  • DraftKings (NASDAQ:DKNG) and DISH Network (NASDAQ:DISH) announce a strategic agreement across DISH's portfolio of brands to bring sportsbook and daily fantasy experiences directly to DISH customers nationwide.
  • The "first-of-its-kind" DraftKings app integration will be through the DISH TV Hopper platform.
  • Customers can initiate bets or contest entries with DraftKings directly from their TV. Once a bet or fantasy contest entry is initiated, customers will be prompted via text message through DraftKings-created technology to complete the transaction within the DraftKings app on their mobile device.

https://www.prnewswire.com/news-releases/dish-and-draftkings-introduce-first-of-its-kind-app-integration-301239212.html

https://www.forbes.com/sites/zackjones/2020/12/02/wall-street-investors-wager-on-sports-betting-stocks-growth-potential-in-2021/?sh=9192ff713862

page loading card

DKNG

DraftKings Inc.

11.66

-0.01
-0.09%

Return

-
Position Return %
0.00
Position Return
62.09
Price When Posted

Metrics

67.94
Target Price
7/ 10
Confidence
2-6 Months
Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC
Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

Access the latest tools and discussion channels with an account

reddit-sentiment

Reddit Sentiment
Analysis

portfolio-balancer

Portfolio Balancer
with brokerages

sec-dashboard

SEC Dashboard
with NLP

aiodd-ad
next