Good News for DraftKings: The Online Gaming Market Is Bigger Than Expected
Online gaming company DraftKings (NASDAQ: DKNG) offered up some potentially exciting news for investors on March 3. Management said it underestimated its market opportunity by $13 billion at an investor day presentation.
DraftKings offers customers a mobile sportsbook, iGaming, and daily fantasy sports betting. It's growing revenue and customers at a rapid rate as state legislatures are warming up to the idea of legalizing the activities mentioned above. That warming suggests DraftKings has a much bigger audience for its services.
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Source Fool.com
