Is Draftkings immune to COVID-19?
The government froze sports across the world, which affected online betting companies such as Draftkings. While sports events are resuming, the threat of another lockdown is still alive. However, during the lockdown Draftkings established an online casino app, grew its foothold in the e-sports space and set up simulated NFL games. This means even if a lockdown closes physical casinos and sports games, DKNG can still earn significant revenue. Some investors say DKNG is immune to the virus while others urge investors to pull out as the NASDAQ bubble could pop.
A very popular stock amongst investors atm. I can see DKNG continuing it’s trend upwards assuming the NASDAQ doesn’t blow out. What do you guys think?