Buy the DIP $DKNG
Buy the dip! 📉
Short term: The stock will soar during the NBA championship game 🏆 and the 'Caitlin Clark Effect' given her popularity this season and her recent deal with Wilson 🏀
Long Term: Yhe stock has jumped 25% this year. Recently in 2024, it has secured markets in North Carolina alwith Nascar and Vermont launched after January 2024 legalizarion for online betting adding 10% more users.
DraftKings is said to unveil a capital allocation program next quarter (Q2).
Revenue: $1.75 billion in Q1 2024, 53% year over year growth. 2024 raised to $4.8 to $5 billion.
