Draftkings

Question

They must be a terribly ran company or corrupt. How can this business model not be raking in cash hand over fist? I was going to buy the stock with legalization in more states, last year it was $60/share, now hovering around $13. People must have their hand in the till. Sheesh

Jarrett75 · Answer

They must be a terribly ran company or corrupt. How can this business model not be raking in cash hand over fist? I was going to buy the stock with legalization in more states, last year it was $60/share, now hovering around $13. People must have their hand in the till. Sheesh

murderinc85 · Answer

@Jarrett75&#xA; They have been spending way too much on advertising and promotions. They&#x27;re supposed to be cutting back on that soon maybe they will be profitable by 2024? I bought a few shares at $15 when it came down.

rubberneck · Answer

insiders seiiing shares don"t help price

Ppkay · Answer

I believe legalize sportsbetting hurts them. There is more options not less to bet when it is legalize in your state.

The appeal was they have a large customer base already doing fantasy sports. So naturally placing a bet with them would be easier.

But I find it much easier going to the local sportsbar with a kiosk. You can IMMEDIATELY withdraw your winnings.

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