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DraftKings Inc. (DKNG): A Bull Case Theory

We came across a bullish thesis on DraftKings Inc. (DKNG) on Substack by LongTermValue Research. In this article, we will summarize the bulls’ thesis on DKNG. DraftKings Inc. (DKNG)'s share was trading at $33.19 as of April 1st. DKNG’s forward P/E was 21.05 according to Yahoo Finance.

DraftKings (DKNG) is a dominant player in the online sports betting market. With a best-in-class user interface and a strong brand presence, DraftKings has built a competitive advantage over traditional casino-operated sportsbooks. The company is currently legal in 25 U.S. states and continues...