Yahoo Finance DraftKings (DKNG) Launches Online Sportsbook in Vermont
DraftKings Inc. DKNG is set to elevate the sports betting experience in Vermont with the launch of its renowned online sportsbook on Jan 11, 2024. This strategic move expands DraftKings Sportsbook's footprint to Vermont, the 26th U.S. state, complementing its existing operations in Ontario, Canada. With a strong presence in five of the six New England states, DraftKings aims to provide Vermonters with a secure and legal platform for sports betting.
Matt Kalish, president of DraftKings North America, expressed enthusiasm about the expansion, highlighting the opportune timing coinciding with the NFL Playoffs. The DraftKings Sportsbook app, known for its user-friendly interface and acclaimed customer experience, will offer eligible Vermont sports fans the chance to wager on professional sports, including marquee events like the Super Bowl. The app features enticing promotions, including same-game parlays, cross-sport bets, in-game options and special odds boosts.
Customers in Vermont, who meet the eligibility criteria, can access the latest betting markets and more by downloading the DraftKings Sportsbook app, which is available on both iOS and Android platforms. DraftKings is dedicated to equipping customers with tools and resources to support responsible betting practices.
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Stock Performance
Shares of the company have surged 146.3% in the past year compared with the industry’s growth of 10%.
Increasing global demand for online gambling and sports betting is expected to positively impact DraftKings. DKNG’s continuous efforts to expand the functionality and content offering of its Sportsbook product are expected to have driven customer acquisition, engagement and retention.
The company currently has a Zacks Rank #3 (Hold).
Key Picks
Below we present some better-ranked stocks from the Zacks Consumer Discretionary sector.
Virco Mfg. Corporation VIRC sports a Zacks Rank #1 (Strong Buy). VIRC has a trailing four-quarter earnings surprise of 188.6% on average. VIRC’s shares have surged 151% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VIRC’s 2024 sales and earnings per share (EPS) indicates a rise of 15.7% and 32.4%, respectively, from the year-ago levels.
Stride, Inc. LRN flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 44.3%, on average. Shares of LRN have increased 75.5% in the past year.
The Zacks Consensus Estimate for LRN’s 2024 sales and EPS suggests 9.1% and 34.7% improvement, respectively, from the year-earlier levels.
Skechers U.S.A., Inc. SKX carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 50.3% on average. Shares of SKX have gained 36.3% in the past year.
The Zacks Consensus Estimate for SKX’s 2024 sales and EPS implies 10.2% and 16.3% growth, respectively, from the prior-year levels.
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Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report
Stride, Inc. (LRN) : Free Stock Analysis Report
DraftKings Inc. (DKNG) : Free Stock Analysis Report
