DraftKings Stock Quote Historical Data News and Insights

Why Invest in DraftKings?

* **Strong financial performance:** In Q3 2022, DraftKings reported revenue of $502 million, a 61% increase year-over-year. The company also reported positive adjusted EBITDA of $48 million. * **Growing market share:** DraftKings is one of the leading sports betting and iGaming operators in the US. The company has a strong presence in several key states, including New York, Pennsylvania, and New Jersey. * **Innovative technology:** DraftKings has developed a proprietary platform that offers a wide range of betting and gaming options. The company's technology is highly scalable and can handle large volumes of traffic.

How to Buy DraftKings Stock

1. Open an account with a brokerage firm that offers trading in DraftKings stock (DKNG). 2. Fund your account with enough money to purchase the number of shares you want. 3. Place an order to buy DKNG stock at the current market price or at a specific price. 4. Once your order is executed, you will own the shares of DraftKings stock.

Risks of Investing in DraftKings Stock

* **Competition:** DraftKings operates in a highly competitive industry. The company faces competition from both established gaming companies and new entrants to the market. * **Regulatory changes:** The sports betting and iGaming industry is subject to regulation by state and federal authorities. Changes in regulation could negatively impact DraftKings' business. * **Financial performance:** DraftKings is a relatively new company and its financial performance could fluctuate in the future.