DraftKings: FanDuel Deal Signals Attractive Valuation – Mizuho Sees 30% Chance!
Reading Time: 2 minutes
DraftKings (DKNG) is already present with online sports betting in 25 U.S. states, reaching almost half of the U.S. population. With iGaming (casino games), it is only 5 states and 11% of the population. The ongoing legalization is a continuing driver with a planned market entry in Missouri. Product improvements and more efficient marketing campaigns are increasing margins, and even in the challenging macro environment, engagement remains stable, with the number of monthly players rising by 28% to 4.3 million in the last quarter. Together with...
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