Argus Upgrades DraftKings Inc. (DKNG) to Buy

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Argus expects DraftKings (DKNG) revenue to increase to $3.1bn in 2023

March 7, 2023 9:11 AM EST

Argus upgraded DraftKings (NASDAQ: DKNG) to Buy from Hold with a $22 per share price target on Tuesday.

The upgrade follows the Massachusetts Gaming Board stating on February 23 that it had issued temporary sports-betting licenses to DraftKings and eight other companies.... More

DraftKings (DKNG) Set to Launch Online Sportsbook in Home State of Massachusetts on March 10

March 7, 2023 7:31 AM EST

DraftKings Inc. (Nasdaq: DKNG) announced today plans to launch its top-rated online sportsbook in Massachusetts on March 10, 2023, pending licensure and receipt of regulatory approvals. Upon launch, Massachusetts will become the 21st U.S. state in which Boston-based DraftKings offers its online sportsbook.

Beginning March 10, eligible customers in Massachusetts will have the opportunity to place bets on DraftKings Sportsbook across numerous sports and teams including on hometown teams with which DraftKings has existing relationships like the Boston Bruins, New England Patriots, New England Revolution and Boston Celtics as... More