sports betting stocks

Sports betting company DraftKings Inc (NASDAQ:DKNG) reported first-quarter financial results after market close Thursday. Here are the key highlights. What Happened: DraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus...

Sports betting and iGaming company DraftKings Inc (NASDAQ:DKNG) reported third-quarter financial results after market close Thursday. Here are the key highlights. What Happened: DraftKings reported third-quarter revenue of $1.095 billion, up 39% year-over-year. The revenue total missed a Street...

DraftKings Inc (NASDAQ:DKNG) analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share in the sports betting sector. The DraftKings Analyst: Bank of America analyst Shaun C....

Strong market share and growing opportunities in online sports betting could push Flutter Entertainment (NYSE:FLUT) shares higher, according to Needham analyst Bernie McTernan, who initiated coverage with a Buy rating and a $270 price target on the Fanduel parent. The Analyst Takeaways: With...

Sports betting operator DraftKings Inc (NASDAQ:DKNG) looks strong compared to competitors for promotional activity, market share and more ahead of the 2024 NFL season. The DraftKings Analyst: Needham analyst Bernie McTernan reiterated a Buy rating and $60 price target on DraftKings. The Analyst...

Sports gaming and media company Betr Holdings announces a license acquisition Thursday morning that will help with vertical integration for the sports betting sector. What Happened: Betr Holdings, which was valued at $375 million in a funding round in March, has acquired a license to Huddle Tech's...

A battle between DraftKings Inc (NASDAQ:DKNG) bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment (NYSE:FLUT) have both now reported second-quarter financial results. The DraftKings Analyst: Needham analyst Bernie...

A decision by DraftKings Inc (NASDAQ:DKNG) to place a winning bet surcharge in high-tax states was met with backlash and shares fell further Monday night after rival Flutter Entertainment (NYSE:FLUT) announced it would not be enacting the same charge. Analysts examine Flutter's Q2 earnings and a...

The University of Colorado Football team is attracting a large number of bettors predicting success and predicting failure for the 2024 season, which comes after the team saw strong betting interest last season. What Happened: NCAA Football games are weeks away and will be a key storyline for...

Millions of eyes will be glued to televisions over the next two weeks, with the 2024 Summer Olympics kicking off in Paris on July 26. Here's a look at six companies that could experience a boost in interest and their financials from the 2024 Summer Olympics. Comcast Corporation (NASDAQ:CMCSA): The...

An analyst says sports betting company DraftKings Inc (NASDAQ:DKNG) could have a challenging second quarter report, but remains optimistic ahead of the 2024 NFL season. The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings and lowered the price target...

Less than a month after a report that Boyd Gaming (NYSE:BYD) was considering a buyout of casino and sports betting operator Penn Entertainment (NASDAQ:PENN), a new bidder has emerged. What Happened: FanDuel’s parent company, Flutter Entertainment (NYSE:FLUT), is considering teaming up with...

There are two big questions for NBA fans ahead of the 2024 NBA Draft: Who goes number one overall and which team will draft Bronny James? Top 2024 NBA Pick: The San Antonio Spurs drafted Victor Wembanyama first overall in the 2023 NBA Draft. Wembanyama was one of the most hyped prospects in years....

Shares of PENN Entertainment (NASDAQ:PENN) traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector. What Happened: Penn Entertainment has been approached by Boyd Gaming (NYSE:BYD) according to a new report from Reuters. The report comes as...

The Boston Celtics won the 2024 NBA Championship, completing a season where they were the favorites in the preseason, during the season and to open the NBA Playoffs. One big name in the sports betting universe won by betting on the Celtics, while a betting rapper lost $500,000 by betting on the...