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The online casino DraftKings operates in both the sports betting arena and online casino gaming through separate state-regulated platforms.
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With a market cap of $16.64 billion, a five-year beta of 2.15, and a recent stock price hovering around $33, DraftKings is at the intersection of sports, tech, and entertainment. It’s a company ...
DraftKings customer count trends (DraftKings Q1 earnings deck) In Q1, as shown in the chart above, DraftKings hit 10.4 million active unique customers, increasing only 300k relative to Q1.
Financial Performance DraftKings reported first quarter 2025 revenue of $1.409 billion, up 20% from $1.175 billion in Q1 2024. Monthly Unique Payers (MUPs) increased 28% year-over-year to 4.3 million.
We recently published a list of 21 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where DraftKings Inc. (NASDAQ:DKNG) stands against other stocks on Jim Cramer’s ...
Investment Thesis Because of its technology and product offerings, DraftKings (NASDAQ: DKNG), a well-known online gaming company in the US, has a strong brand advantage. Launching new products and ...
Third, DraftKings could be concerned about potential cannibalization of its existing sports betting customer base if it were to launch a parallel prediction market product.
See disclosure here or remove ads. Analysts note that customer acquisition costs have declined significantly across the industry, which could benefit established players like DraftKings.
The momentum will likely continue in 2025 as the company's customer base swells. DraftKings bottom-line is also seeing a significant rise as the growth comes while the costs are controlled.