The 5 Largest Gambling Stocks of 2023

2. DraftKings Inc. (NASDAQ:DKNG)

Latest Market Capitalization: $13.11 billion

Number of Hedge Fund Investors In Q2 2023: 40

DraftKings Inc. (NASDAQ:DKNG) is one of the biggest sports betting companies in the world. It offers its platform in more than a dozen countries. Its reliance on margin friendly digital operations has enabled it to work well during inflation since the firm has beaten analyst EPS estimates in all four of its latest quarters.

By the end of Q2 2023, 40 hedge funds among the 910 polled by Insider Monkey had bought and owned DraftKings Inc. (NASDAQ:DKNG)’s shares.

Follow Draftkings Holdings Inc. (NASDAQ:DKNG)