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Why DraftKings Stock Is Up 5% Today

TheMotleyFool

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Shares of fantasy sports and sports betting app DraftKings (NASDAQ: DKNG) jumped 9% at the market open today, and are up more than 5% as of 11:25 a.m. EST. Sports betting ballot initiatives were passed in three more states in yesterday's election.

The approvals bring the total to 21 states and Washington, D.C., where sports betting is legal in the U.S.

Voters in Maryland, Louisiana, and South Dakota are the latest to legalize in-person and/or online sports betting in their states.

Source Fool.com

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