I’m curious, where my fellow apes stand on DraftKings? Customer acquisition cost seems to be a concern, but rumors of partnering with ESPN seems to indicate they are heading in the right direction.
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If Cramer says buy, I hammer puts. If Cramer says sell, I hammer calls
Sports betting will be legal in Ohio in 2023. Ohio is full of beloved sports teams and people waiting to lose money betting on them.
I know your not allowed to say this on here but this is a minimum five year hold for me. Sports betting will be huge once legalized in all states . (If we are all still here in five years )
I like the company in general but they are not doing a lot of proliferation in states where sports betting is abt to become legal.
Also they spend a TONNNN of money on freebies. To the point where the stock makes me nervous.
Run and don’t look back, just stay away from any position
If near 20 then puts
Spend too much to get customers. Betting customers have no company loyalty and will jump to the next venture funded startup for rewards. They are basically paving the way for sports betting but will get steamrolled by the next big thing.
In kind of bullish on the platform after getting fleeced for years. But prop 27 isn’t going through and i don’t think most sane weak consumers are going to have big dfs betting budgets. In staying clear for a bit.