{"id":10818,"date":"2020-06-24T18:00:39","date_gmt":"2020-06-24T18:00:39","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=10818"},"modified":"2020-06-24T11:31:36","modified_gmt":"2020-06-24T11:31:36","slug":"draftkings-poised-to-dominate-us-sports-betting-market","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/draftkings-poised-to-dominate-us-sports-betting-market\/","title":{"rendered":"DraftKings Poised To Dominate US Sports Betting Market"},"content":{"rendered":"

\"Draftkings\"DraftKings made a bold decision on April 24 to go public<\/a> in the midst of the corona virus pandemic. The move has worked well for DraftKings as the firm has gone on a dizzying tear in terms of stock price, which doubled in price recently from $20 to $40. <\/p>\n

DraftKings has been marketed to investors in ways that paints the company as more of a tech company than an ordinary, albeit extremely successful, sportsbook. <\/p>\n

DraftKings, which began eight years ago in a spare room owned by its co-founder Paul Lieberman<\/strong>, is currently one of the hottest properties on the NASDAQ Global Select Market<\/a>, with billions of dollars in value on the line. <\/p>\n

The valuation of any company on the stock market depends a great deal on subjective factors, which can sometimes result in vast gaps between different analysts. Compounding this exercise in the case of DraftKings is the young age of the US sports betting market which is just under three years old. <\/p>\n

CNBC Television<\/strong><\/p>\n

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