Investors cheered the results and subsequent forecast, with shares of DKNG rising more than 15% on the day of the announcement.

Source: https://www.etftrends.com/tactical-allocation-channel/buzz-investing-inflationary-concerns-weigh-on-equities/

One area I discussed as driver for DKNG in my original write-up was launching in more states as they legalize online sports betting and casino games.

Source: https://seekingalpha.com/article/4613189-draftkings-stock-bet-positive-ebitda-q2-could-payoff-reiterate-hold?source=feed_all_articles

The firm its portfolio allocation in DKNG by 49.37% over the last quarter.

Source: https://247wallst.com/investing/2023/08/07/wells-fargo-upgrades-draftkings/