Draft Kings’ third offering, Online Casino (iGaming), involves customers betting real money when playing casino games like slots and blackjack online. DraftKings Online Sports Betting (OSB) involves the company taking wagers or bets from customers on sporting events. Its legacy Daily Fantasy Sports (DFS) allows users to virtually draft teams of players from professional sports leagues and potentially earn a payout based on how athletes perform. was among the top contributors to performance. ARK Investment Management is the biggest shareholder of the company with 4.3 million shares, worth $268.3 million.Īlger, an investment management firm, released its Q1 2021 investor letter and mentioned DraftKings Inc. In June, Jeffries raised its price target on DKNG stock, rating it as a ‘Buy’.Īt the end of Q1 2021, 43 hedge funds have stakes in DraftKings Inc. The DKNG stock gained over 51.3% in the past year. The company also expects the resumption of normal sports activities. (NASDAQ: DKNG) raised its guidance for the fiscal year 2021 to $1.05 billion-$1.15 billion. Due to the strong earnings, DraftKings Inc.

The average revenue per monthly unique paying customer increased by 48% at $61, compared with the prior-year quarter. 1.5 million monthly unique paying customers engaged with the company in the first quarter. The company reported a 175% year-over-year revenue growth at $312 million, driven by new launches in Michigan and Virginia. The company ranks fifth on our list of the best casino stocks to invest in. It offers its customers daily sports contests to win money and benefits. The company is the first legal sports betting operator in New Jersey and also has operations in West Virginia, Pennsylvania, and Indiana. (NASDAQ: DKNG) is an online casino and sports-betting operator.

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