Mar. 21 at 8:21 PM
$DKNG
Extreme Bearish? Sportsbook just went live in Arkansas (another new state) and their Predictions app is now in California, Texas, Georgia, Florida… etc. States where they were getting ZERO revenue from before.
March Madness, NHL playoffs, MLB season about to start, and the FIFA World Cup coming up soon as well (all huge events).
They gave very conservative guidance for 2026 in their last earnings report. I believe this gives them a much better chance to beat on earnings and possibly even raise guidance in their next ER.
And correct me if I’m wrong, but I don’t believe they have any of their Predictions App revenue forecasted into their next earnings? Which is crazy when you think about it, and how much revenue they have to be getting with being legal now in almost every state where they were only able to operate at around 50% before their Predictions App launch (and now SuperApp).