Draftkings Bookie Rating: 9,9/10 6609 reviews
Draftkings
  1. Draftkings Bookie Picks

There’s a sports betting stocks battle between casino giant Las Vegas Sands and daily fantasy sports firm DraftKings. The latter was in the headlights for getting a 30 percent increase in September due to several factors.

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  1. DraftKings is a legal bookmaker licensed and registered to operate in various states such as; New Jersey, Colorado, Iowa, Indiana, New Hampshire, and more. In New Jersey, for example, the New Jersey Division of Gaming Enforcement has licensed the bookie’s operation in the state.
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DraftKings’ Welcome Offers – Details on How to Get the $1,000 Maximum Bonus. If you take the correct steps, you will be able to claim a bonus of $1,000 after you sign-up to the DraftKings platform. The reward is made up of two unique bonuses – one is the sign-up offer, and the other is the deposit match bonus offer. The bookie offers.

The best bookie pay per head said that one of the factors contributing to the success of DraftKings was the legalization of sports betting in the US. Also, the company named Michael Jordan as a special advisor. Lastly, its online business boomed during the pandemic.

However, DraftKings’ market capitalization of $19 billion is almost half of the $35 billion of Las Vegas Sands. DraftKings enjoys a low entry barrier in online sports betting. Also, it has a balance sheet with goodwill and intangible assets.

Sports Betting Stocks Battle

According to sports betting solution reports, the market is pricing DraftKings’ stock at a P/S multiple of 43. On the other hand, Las Vegas Sands stock is at 2.6. DraftKings is growing in recent years in the online gambling and sports betting markets. It has an addressable market size of $40 billion in the US alone and $70 billion worldwide. Thus, it deserves a higher P/S multiple.

Based on bookie pay per head sources, Las Vegas Sands stock provides better odds than DraftKings. LVS has 18 months of cash runway. Also, the mass market in Macau offers higher profitability in the long run.

Bookie

According to DraftKings, they expect their revenue to expand at a rate of 31 percent from $432 million last year to $700 million in 2021. In 2019, the US sports betting revenue was $909 million, twice as much as the previous year.

Draftkings Bookie Picks

DraftKings got a 20 to 30 percent share of the US market. Also, it got 10 to 20 percent of the $21 billion online gambling market. Thus, the company expects to earn $5 billion in the long run.