Gambling Away Our Students' Futures [Forbes]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Forbes
Free Malaysia Today Since the Supreme Court overturned the Professional & Amateur Sports Protection Act (PASPA) in 2018, 38 states have legalized sports betting, and consumers have consistently increased the portion of their paychecks dedicated to sports betting. Approximately 82.2% of U.S. adults have gambled in the past 3 years. The industry earned over $11 billion in 2023, and Goldman Sachs projects the industry could grow to $45 billion per year by 2030. Americans are expected to legally wager $35 billion on football alone - an increase of $8.3 billion since last season. U.S. Online Gambling Market, 2020-2030. Grand View Research This recent boom has far-reaching consequences. Tax revenues are up, vast majorities of Americans support online gambling, but its economic and social impacts threaten the financial stability of individuals—particularly students, young adults, and low-income communities that lack access to financial education. The Rise of Online Gambling Nati
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DKNG
News
- Jim Cramer warns against novice day trading, calls zero-day options ‘pure greed' [CNBC]CNBC
- 2024 was the year America started to bet on everything [Yahoo! Finance]Yahoo! Finance
- is a senior correspondent at Business Insider, writing about business and the economy. [Business Insider]Business Insider
- Golf stars square off in The Showdown: Live updates, odds, how to watch Golf [USA TODAY]USA TODAY
- Another month, another record smashed for New Jersey internet gambling [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website