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DraftKings Inc. (DKNG) operates a digital sports entertainment and gaming company. 
It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries.
The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states.
The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories.
In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company.
Shares have formed a bullish "wedge" and higher share prices are expected. On August 3, DKNG reported a loss of $0.17 per share on revenue of $874.93 million for the second quarter ended June 2023. The consensus estimate was a loss of $0.24 per share on revenue of $743.48 million. Next report is due on November 2nd.
Entry Point: $30.00
Trading Range: $10.69 to $34.49
Stop Loss: $28.50
Target Price: $33.00
