Stock Investing
DraftKings Inc. (DKNG) Will Further Benefitted From Legalization of Sport Betting In Some More US States
The U.S. digital sports entertainment and gaming company, DraftKings Inc. (DKNG) was down -1.94% on Monday to close trading at $41.50. But the company’s shares rose +16.18% over the past week following reports of the legalization of sports betting in several other US states. Stocks of the online sports betting and fantasy sports matchmaking company are up 57.97% while the performance significantly increases to a rise of 287.85% from year to date. In the coming months, the states of Louisiana, South Dakota and Maryland will authorize their people to bet on sporting events. DraftKings will be one of the winners
