Playoff Season Has Begun.
June has always been one of my favourite months of the year because the NHL and NBA playoffs are back in full effect. This year, the finals have been slightly delayed due to a late start as a result of COVID 19. With finals comes a full swing of sports betters around the world looking to score on the action. I believe the 20 Billion dollar company Draft Kings will see a surge in bets over the course of the playoffs, which will then peak in the NHL and NBA finals.
We saw a very simmilar pattarn arise when the Superbowl in the NFL took place on Feb. 7th (where the stock price closed at approx. $62.00). The month of the NFL playoffs took place in January, where the stock rose $10 in value from the start date on Jan 9th.