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DraftKings Inc. (DKNG): A Bull Case Theory

We came across a bullish thesis on DraftKings Inc. (DKNG) on Substack by Daan Rijnberk. In this article, we will summarize the bulls’ thesis on DKNG. DraftKings Inc. (DKNG)'s share was trading at $45.57 as of Feb 21st. DKNG’s forward P/E was 28.90 according to Yahoo Finance.

[caption id="attachment_564829" align="aligncenter" width="750"] Stokkete/Shutterstock.com[/caption]

DraftKings has rapidly solidified itself as a dominant force in the online gambling and sports entertainment industry, leveraging strong execution and strategic expansion to surpass FanDuel in market share....