Draftkings

[agendaman]

their stock has dropped 74 per cent since early 2021.

[stevenash]

NBA and NCAA rating are the highest they've been in 11 years.
That's largely due to DK and FD.

This is a good time to buy some DK

[thomorino]

NBA and NCAA rating are the highest they've been in 11 years.
That's largely due to DK and FD.

This is a good time to buy some DK

Draftkings is a dumb investment as are REITs.

Sports gambling is a low margin business. The Vegas business model get 80% of revenues from shows, hotels, restaurants, shopping, and other entertainment venues.

Sportsbetting is a tough business, and the competition is very tough. There are nearly 20 sportsbooks in New Jersey alone.

Reits and draftkings are both dumb investments.

[stevenash]

Draftkings is a dumb investment as are REITs.

Sports gambling is a low margin business. The Vegas business model get 80% of revenues from shows, hotels, restaurants, shopping, and other entertainment venues.

Sportsbetting is a tough business, and the competition is very tough. There are nearly 20 sportsbooks in New Jersey alone.

Reits and draftkings are both dumb investments.

Your opinion is not relevant being that you're a proven pathological liar and all.

Oh, not for nothing sports betting is two words, not one.

[d2bets]

how the hell is DK losing money? when I booked even the dumbest bookies made huge money. I was small, very small and earned money that most of you would not believe. Now we have DK with how many players, I think in the tens of thousands and they are losing. I think stock is around 17. I could be mistaken about that.

listen you can be nearly retarded and be a successful bookie. If mr Dwight would be able to add and subtract even that idiot would be successful. I know many of you disagree because that moron can't read a clock or make change. the fckin idiot. how do you become an adult and know absolutely nothing about absolutely everything. it is like he and his classless idiots are on another planet.

not my purpose on this thread. I am thinking about buying a ton of DK before May 6th. I think. any thoughts? I just can't see how a gambling stock will continue to lose. I doubt the players are beating them. expenses must be incredibly high. maybe giving away too much, we will see.

They're not losing money booking bets. Just that they are spending way more on advertising and other costs.

That said, even on the booking side they are pretty dumb.

[thomorino]

They're not losing money booking bets. Just that they are spending way more on advertising and other costs.

That said, even on the booking side they are pretty dumb.

It's not advertising, they are spending a lot more on promotions.

[jjgold]

sands
wynn
churchill downs
penn

stay away from gimmicks like draftkings

[stevenash]

sands
wynn
churchill downs
penn

stay away from gimmicks like draftkings

How is DK a gimmick if they've been around over a decade now?

[TommieGunshot]

As much a tech company as a betting company. Amazon took 20 years to have any net profits: https://dazeinfo.com/2019/11/06/amaz...ear-graphfarm/

[dante1]

They're not losing money booking bets. Just that they are spending way more on advertising and other costs.

That said, even on the booking side they are pretty dumb.

your are right my friend.

[KVB]

It's not advertising, they are spending a lot more on promotions.

Promotions are advertising.

Get the gotdamn fukk out of threads you moron, stay in your own threads so nobody has to see you and skip over your posts.

Sheeesh.

[CMNoney]

In 2 years you will be thankful you bought DK stock (especially at todays current levels). Just accumulate and hold.

DK is a long term play.

[d2bets]

In 2 years you will be thankful you bought DK stock (especially at todays current levels). Just accumulate and hold.

DK is a long term play.

Maybe. But based on what reasoning? What's your thesis?

[thomorino]

As much a tech company as a betting company. Amazon took 20 years to have any net profits: https://dazeinfo.com/2019/11/06/amaz...ear-graphfarm/

Its a dumb comparison, Amazon didn't face the same competition draftkings does. There are 20 sportsbooks in New jersey alone, 9 in Pennsylvania. They are all well financed too, the competition is destroying draftkings margins and profitability.

[jjgold]

Morino I think 10 PA or even 11

[thomorino]

Promotions are advertising.

Get the gotdamn fukk out of threads you moron, stay in your own threads so nobody has to see you and skip over your posts.

Sheeesh.

Casino and sportsbook promotions are not advertising, you are clueless.

Draftkings has new casino and sportsbook promotions every week, and this add up to thousands of dollars per year for every customer. This is not advertising.

[Goat Milk]

It's not just marketing, you get killed on taxes probably

[d2bets]

Under 15 bucks a share now. $6 billion total valuation.

Anyone else think these gambling companies may be folded into media/entertainment companies? Like, Disney could buy Draftkings for next to nothing if they wanted to get into sports and fantasy.

[topgame85]

Annihilation today. Will this continue tomorrow? Getting near buy levels for me again.

[jjgold]

What is a buy level
People said that for 8 months now and those guys buried

[d2bets]

Annihilation today. Will this continue tomorrow? Getting near buy levels for me again.

Yes. Under $14 now. IPO value almost exactly 2 years ago was $6.5 billion. Now $5.7 billion.

[KVB]

Getting caught up in the broader drops now too.

Take over candidate?

Maybe, once we see some consolidation.

[thomorino]

Getting caught up in the broader drops now too.

Take over candidate?

Maybe, once we see some consolidation.

Stop talking. Takeover is one word and No one is buying draftkings.

Sports betting is a low margin business with tough competition.

[eidolon]

They are in the customer acquisition phase.

They will spend like crazy to build a customer base.

Literally give money away and throw everything into advertising.

That's what's happening.

Basically what Party Poker did back around 2004/5.
It worked extremely well.

[jjgold]

Lol 😂

[thomorino]

Just today alone DraftKings is offering 15% in free casino credits up to $500 with a 1x rollover. This is a promotion, not an advertisement by the way.

They can't make any money with these promotions, and once they stop doing these promotions their customers will level. Competition is hurting their margins.

[eidolon]

If it hits $10, I'll buy in.



Edit:
Quarter report coming out May 6.
EPS is expected to be bad again this quarter.
Revenue is supposed to be down this quarter compared to last quarter.

[stevenash]

Advertising is a one-way communication whose purpose is to inform potential customers about products and services and how to obtain them. Promotion involves disseminating information about a product, product line, brand, or company. It is one of the four key aspects of the marketing mix. Advertising may be one form of promotion.

[d2bets]

Advertising is a one-way communication whose purpose is to inform potential customers about products and services and how to obtain them. Promotion involves disseminating information about a product, product line, brand, or company. It is one of the four key aspects of the marketing mix. Advertising may be one form of promotion.

Professor Nash at the podium.

[KVB]

Advertising is a one-way communication whose purpose is to inform potential customers about products and services and how to obtain them. Promotion involves disseminating information about a product, product line, brand, or company. It is one of the four key aspects of the marketing mix. Advertising may be one form of promotion.

Why bother Nash.

Why bother. lol

And it's all those resources being thrown into the marketing mix that is a part of this phase. It's a sustainable long term business, in later years, no question about it, and states love the revenue.

Could be trading in takeover range, but that's down the road. I could see them selling once they have a big enough customer base that they are insulated from "recession" type bullback and slower markets.

They are not going away, even if the next man up has a gimmick to take marketshare.

There is enough business out there for everybody and they can continue to be sloppy with book management as there is so much room with the vig being charged over the ever increasing volume.

It's pretty evident that the American market is willing to pay heavily for the privilege to bet. I guess they feel like they are getting one over on Vegas, lol.

Because of this, the books can loose in management.

[stevenash]

Professor Nash at the podium.

Nah
I'm just research geek.
Nerdiness is in my DNA, it's who I am, it's what I do.

[Optional]

Just today alone DraftKings is offering 15% in free casino credits up to $500 with a 1x rollover. This is a promotion, not an advertisement by the way.

They can't make any money with these promotions, and once they stop doing these promotions their customers will level. Competition is hurting their margins.

If you want to get all pedantic about what words mean, you can probably say they placed advertisments for this promotion?

But what does it really matter... why am I typing...

[stevenash]

[KVB]

[PharaohUB]

These sportsbooks waste a lot of money on advertising. Anyone inclined to gamble is going to search for what Sportsbooks are available and recognize the DraftKings name and check them out. Paying millions/billions for commercials and sponsoring events and all that crap is just pissing money down the drain. And it’s not like you own a customer for life if you get them first. You’re just as much advertising for your competitors as you are yourself w. People will try them all out. Just invest in having the slickest website, easiest banking options, and decent bonuses and you’ll keep them because you invested in offering the best product not halftime commercials at super bowl.