Big NEWS for DFKG Stock! Draftkings Has Nowhere to go but up! Here's why!

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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
purposes only.

Recently, Draftking’s share price jumped up a bit after the company reported fiscal fourth quarter 2020 earnings that beat revenue expectations and growth in paying customers. It went back down a little like the rest of the market did, other than Gamestop, but has since bounced right back up.

Here are the key numbers:
• Loss per share: 24 cents, vs. an expected loss of 47 cents, according to a Refinitiv survey of analysts

• Revenue: $322 million vs. $232.6 million expected, according to Refinitiv

• DraftKings said it has 1.5 million monthly unique payers as of its fourth quarter. Why do I think that’s such a big deal. They just surpassed 1 million in the 3rd quarter, that’s a lot of growth in just one additional quarter.

• The company also raised its revenue outlook for the fiscal year 2021 from a range of $750 million to $850 million to a range of $900 million to $1 billion.

• The company also raised its long-term adjusted ebitda target to $1.7 billion from $1.2 billion

DraftKings pointed to strong user activation due to the launch of mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia.

Now let me remind you of this, that’s just 2 states, and look at the impact that had. In terms of population, Michigan is ranked 10th and Virginia 12th. Those top 4 states will be a game changer, no pun intended, once any of them finally sign on. You have to remember, those top 4 states make up more than 1/3 of the US’ total population.

Currently, 20 states, plus Washington, D.C., allow online sports betting, up from 19 this past quarter. Five states legalized sports wagering but are not yet operational, and 16 states are working on legislation, up from six and two, respectively.

Craig-Hallum analyst Ryan Sigdahl views DraftKings stock as "a must-own for growth investors" because it's still "early innings of a megatrend in online gambling over the next decade."

ETF super star, Cathie Wood made a huge purchase on Tuesday. Cathie’s ARKK ETF, bought nearly 1 million shares of DraftKings for around 59 million. We all know what happens to anything Cathie touches, it makes news and then goes up.

In the Fall of 2021, DraftKings and Yuengling will join forces to bring fans the "Yuengling Saturday Series" – an exclusive, free-to-enter college football fantasy contest series timed to every action-packed Saturday game day of the regular season. Shortly after in September, DraftKings will offer Yuengling customizable prediction contests surrounding football game slates.

The agreement marks the brewery's first-ever fantasy sports collaboration and merges the love of sports and beer through year-round events. Draftkings is proving to be incredible marketers. No one else in this space is even close.

the UFC came to terms on a partnership renewal with DraftKings that a source familiar with the talks said is for five years and worth more than $350 million, including more than $100 million in cash.

DraftKings will be the UFC’s official sportsbook and daily fantasy sports partner in the U.S. and Canada.

In addition, DraftKings will be the presenting partner of the UFC’s new timekeeping system.
Listen to what Dana White, the famed UFC owner, said about the deal. “This is a massive deal that will benefit UFC, DraftKings, and most of all the fans,” UFC President Dana White said in a statement. “DraftKings is the best at what they do in the betting and daily fantasy space, and unlike other sports, UFC has no off-season. The action will be non-stop for fans of UFC and DraftKings. This is the most important deal we’ve ever done to increase engagement with our fans and reach new ones.”

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