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Technology Stocks
DraftKings, Inc. / Online Gambling
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
182 27 0 DKNG
Emcee:  Glenn Petersen Type:  Moderated
On April 24, 2020, DraftKings, Inc., a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, went public when it was acquired by Diamond Eagle Acquisition Corp., a Special Purpose Acquisition Corporation (SPAC). The transaction also included the acquisition of SBTech Global Limited, an international provider of cutting-edge sports gaming technologies.

In a press release announcing the close of the transaction, Jason Robins, the CEO and co-founder of DraftKings said, "Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America. By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech's proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers."

In May 2018, the Supreme Court struck down a 1992 federal law that effectively banned commercial sports betting - including online betting - in most starts, thus opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make each year.

For the year ended December 31, 2019, the consolidated entity had revenues of $431,834,000 and a net loss of $139,893,000, equal to $(.42) per fully diluted share.

On the first day of trading for the shares of the newly public DraftKings, trading under the symbol DKNG, closed at $19.35, up $1.82 for the day.

There are approximately 336,631,000 shares outstanding.

There are also 13,333,333 publicly traded warrants outstanding. The warrants, which trade under the symbol DKNGW, have an exercise price of $11.50 per share.

Feel free to share your experiences on the DraftKings website.

Additional Resources
DraftKings Website
DraftKings Investor Relations
DraftKings SEC Filings

Industry Resources
Legal Sports Report
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ReplyMessage PreviewFromRecsPosted
182EBET is trading at $19,77 this morning, down $5.88. HOW MUCH DID ESPORTS BETTINGlenn Petersen-Monday
181Probably collateral damage from the SPAC implosion, although DKNG is far removedGlenn Petersen1Monday
180With the recent news about the NFL deal, I wonder why the stock has been tankinginspbudget-Monday
179NFL picks Caesars, FanDuel, DraftKings for first wave of sports betting partnersGlenn Petersen-last Thursday
178MORE THAN A SPORTSBOOK: IS DRAFTKINGS BUILDING A MEDIA EMPIRE? POSTED ON APRIL Glenn Petersen1last Wednesday
177Yes, in recent years more and more states have legalized casinos, however, such LarryBerry1April 12
176whats next? drugs?StevenProfitt-April 12
175ANALYSIS: HAS BARSTOOL SPORTSBOOK ALREADY HIT A CEILING? POSTED ON APRIL 7, 202Glenn Petersen2April 7
174WHAT DOES DRAFTKINGS WANT OUT OF VSIN ACQUISITION? POSTED ON MARCH 30, 2021 BY Glenn Petersen-March 30
173DraftKings to become an Official Gaming Partner of WWE Mar. 29, 2021 8:47 AM ET Julius Wong1March 29
172SCR closed at $30.93 on Friday. Probably a potential acquisition candidate. ThGlenn Petersen-March 27
171Sports betting company Flutter considers spinning out FanDuel to boost value PUGlenn Petersen-March 12
170DRAFTKINGS STOCK STEADY ON IMPROVED REVENUE GUIDANCE DESPITE MASSIVE Q4 LOSSES Glenn Petersen1March 2
169Good call. Got my 4 points.rogermci®-February 26
168Implied option volatility suggests a 4 point move by tomorrow's close.rogermci®-February 25
167DKNG reports before the open. I see a high likelihood that earnings will serve aRarebird-February 25
166DraftKings Jumps as Cathie Wood’s ARK Adds Stock to ETF By Connor Smith Barron&Glenn Petersen-February 6
165sdonatas96-February 5
164From CNBC.com: DraftKings — Shares popped more than 6% after the New York DailyGlenn Petersen-January 6
163CLOSING TIME: FLUTTER AND CAESARS SECURE KEY APPROVALS FOR US SPORTS BETTING ACQGlenn Petersen112/29/2020
162DMYT closed at $22.76 today; RSI starts trading tomorrow. Rush Street InteractiGlenn Petersen-12/29/2020
161LCA closed at $25.49 today; GNOG starts trading tomorrow. Landcadia Holdings IIGlenn Petersen-12/29/2020
160I agree that we are on a huge upward trend .. and I am an investor. However, I tom_trades_spy_calls-12/21/2020
159As legal betting booms, journalists jump from sports page to sportsbook Ben StrGlenn Petersen-12/20/2020
158PENN headed to $106. schrts.coRarebird-12/8/2020
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