Sports Betting Wins Election Night 3-0, Setting the Stage for DraftKings to Shine

It has been a volatile ride for investors of DraftKings (DKNG). Since closing at an all-time high of $63.78 on October 2, the share price has dropped by 32%. However, the stock is showing signs of upward movement, as good news is once again taking hold of the narrative.The presidential election results might still be at an impasse, but election night handed a 3-0 victory to the sports betting sector. Maryland, Louisiana, and South Dakota all voted to approve legalized sports betting in 2021.Oppenheimer analyst Jed Kelly is in no doubt as to what it means for the fledgling industry.“We …read more

Source:: Yahoo Finance


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