Why Is DraftKings Stock Gaining Today?

Benzinga09-26

DraftKings Inc. (NASDAQ:DKNG) shares are rising, likely in sympathy with Flutter Entertainment (NYSE:FLUT), which saw a boost after issuing positive guidance for 2027. As both companies operate in the...

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(NASDAQ:DKNG) shares are rising, likely in sympathy with Flutter Entertainment (NYSE:FLUT), which saw a boost after issuing positive guidance for 2027.\nAs both companies operate in the...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-draftkings-stock-gaining-today-165723588.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is DraftKings Stock Gaining Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is DraftKings Stock Gaining Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-26 00:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-draftkings-stock-gaining-today-165723588.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings Inc. (NASDAQ:DKNG) shares are rising, likely in sympathy with Flutter Entertainment (NYSE:FLUT), which saw a boost after issuing positive guidance for 2027.\nAs both companies operate in the...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-draftkings-stock-gaining-today-165723588.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FLUT","symbol_name":"Flutter Entertainment PLC","start_time":0,"source_url":"https://finance.yahoo.com/news/why-draftkings-stock-gaining-today-165723588.html","article_id":"2470932552","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bTAGJB7593CRmbKHmXjAfA--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/66b3775e749a689080a0a65fbc33f79a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470932552","pubTimestamp":1727283443,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"DraftKings Inc.  shares are rising, likely in sympathy with Flutter Entertainment , which saw a boost after issuing positive guidance for 2027.As both companies operate in the online sports betting and iGaming sector, Flutter’s optimistic outlook appears to be creating a ripple effect, lifting DraftKings’ share movement as investors react to the overall market sentiment.Flutter targets revenue of around $21 billion in 2027, representing a compound annual growth rate  of 14%, based on the midpoint of U.S. and Rest of World  2027guidance.Also, Flutter projects an adjusted EBITDA of over $5 billion, adjusted EBITDAmargin expansion of 700 basis points, and free cash flow of around $2.5 billion by 2027.Apart from this, Flutter approved a share buyback program of up to $5 billion, set to be implemented over the next three to four years, with a launch anticipated after the third-quarter earnings report in November 2024.The significant total addressable market  for regulated gaming is projecte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FLUT":"Flutter Entertainment PLC","BK4150":"赌场与赌博","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4159":"经销商","DKNG":"DraftKings Inc.","BK4585":"ETF&股票定投概念","BK4091":"摩托车制造商","CAGR":"California Grapes International, Inc.","GGR":"Gogoro","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","ODDS":"Pacer BlueStar Digital Entertainment ETF","BK4565":"NFT概念","BK4588":"碎股","BETZ":"Roundhill Sports Betting & iGaming ETF"},"translate_title":"为什么DraftKings股票今天上涨？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BETZ":1,"CAGR":1,"FLUT":1,"GGR":1,"ODDS":1,"DKNG":0.9},"content_text":"DraftKings Inc. (NASDAQ:DKNG) shares are rising, likely in sympathy with Flutter Entertainment (NYSE:FLUT), which saw a boost after issuing positive guidance for 2027.\nAs both companies operate in the online sports betting and iGaming sector, Flutter’s optimistic outlook appears to be creating a ripple effect, lifting DraftKings’ share movement as investors react to the overall market sentiment.\nFlutter targets revenue of around $21 billion in 2027, representing a compound annual growth rate (CAGR) of 14%, based on the midpoint of U.S. and Rest of World (ROW) 2027 guidance.\nAlso, Flutter projects an adjusted EBITDA of over $5 billion, adjusted EBITDA margin expansion of 700 basis points, and free cash flow of around $2.5 billion by 2027.\nApart from this, Flutter approved a share buyback program of up to $5 billion, set to be implemented over the next three to four years, with a launch anticipated after the third-quarter earnings report in November 2024.\nAlso Read: Flutter Bets Big On US And Global Expansion: $21B Revenue Goal And $5B Buyback In Sight\nThe significant total addressable market (TAM) for regulated gaming is projected to reach $368 billion by 2030, with global gross gaming revenue (GGR) expected to grow at a compound annual growth rate (CAGR) of 8%.\nAccording to Benzinga Pro, DKNG stock has gained over 52% in the past year. Investors can gain exposure to the stock via Roundhill Sports Betting & iGaming ETF (BETZ) and Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS).\nAs the online sports betting market continues to evolve, DraftKings stands to benefit from Flutter’s optimistic projections and overall market growth, positioning both companies for potential success in the coming years.\nDKNG, FLUT Price Actions: DraftKings shares are trading higher by 6.49% to $41.68. Flutter shares are trading higher by 6.53% at $243.07.\nPhoto via Shutterstock\nRead Next:\n\nDraftKings Vs. Flutter: Analyst Lays Out Bull Vs. Bear Debate With Sports Betting Market ‘Increasingly Functioning As A Duopoly’\n\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article Why Is DraftKings Stock Gaining Today? originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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