?DraftKings (DKNG) Will Have High Margins as it Matures?

vaquerizo

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"Shares of DraftKings, Inc. fell in the quarter, as stocks of online gaming companies were under pressure. Sports betting and i-gaming are rolling out with great fanfare and success across the country; however, investors seem concerned about competition and margins. Most participants are spending heavily on marketing and promotions, which is cutting into margins. We see this as worthy investment in customer acquisition at a moment in time when revenues are just building. We continue to believe that online sports betting and gaming will be enormous industries, that DraftKings will be a leading player. We think the business will have high margins as it matures. We believe we are underwriting the business conservatively and see much upside in the long term."
 
kickserv

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hammer1 winning 698 million off them in 2021 also played a role in the DK stock going down.
 
J

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vaquerizo said:
"Shares of DraftKings, Inc. fell in the quarter, as stocks of online gaming companies were under pressure. Sports betting and i-gaming are rolling out with great fanfare and success across the country; however, investors seem concerned about competition and margins. Most participants are spending heavily on marketing and promotions, which is cutting into margins. We see this as worthy investment in customer acquisition at a moment in time when revenues are just building. We continue to believe that online sports betting and gaming will be enormous industries, that DraftKings will be a leading player. We think the business will have high margins as it matures. We believe we are underwriting the business conservatively and see much upside in the long term."[/QUOTE
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chump

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They finally booted me recently. I loved them and the free gifts. Won some there and they took a while to limit and do dumb shit like BetMGM and BetRivers and BetAGame did. Sucks when you have some good luck at places (and not cheat or beat steam etc) and then you can't play there.
 
kickserv

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chump said:
They finally booted me recently. I loved them and the free gifts. Won some there and they took a while to limit and do dumb shit like BetMGM and BetRivers and BetAGame did. Sucks when you have some good luck at places (and not cheat or beat steam etc) and then you can't play there.
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Well consider yourself lucky, hammer1 is banned from the entire state of Nevada from all his constant winning, so yeah it could be worse:lol:

Poor chump, BetMGM, BetRivers and BetAGame all banned him for winning too much money, that sucks. And yes total bullshit that places can ban you for just winning money and doing nothing wrong, but sadly that is what happens at most Sportsbooks. You win, they kick you out.

On the plus side, chump is a bad ass, yep you reach bad ass status for getting kicked out of three Sportsbooks, so yep that's a positive. Always a moral booster to be considered a Madjack bad ass, well done chump:00hour




Note to chump.......Madjack Sponsor Bookmaker might be a good place for you. Hard to get kicked out of Bookmaker/BetCris for winning. You have to win quite a bit of cash to be kicked out of there, so yep, maybe that place will work for you:shrug:

And if you are in Nevada.....Westgate will not kick you out for winning.
 
Old School

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which begs the questions....especially with American soil books..

Why not take on team members with their own accounts and slow walk a meaningful gain every month....

Makes absolutely no sense that these various books will gladly take your $10,000.00 deposit but shit can ya if ya wager correctly and Win $50,000.00 over a years time. Less than a $1,000.00 a week..

All this time waiting on the likes of Caesars and the rest for USA wagering and they nickel and dime their slate and 1st Quarter options along with snail tactic posting and pre-historic reasons for lack of lines.

Ridiculous

rant over....Damn't they piss me off...give me those overnight lines in WNCAA & WNBA
 
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Old School said:
which begs the questions....especially with American soil books..

Why not take on team members with their own accounts and slow walk a meaningful gain every month....

Makes absolutely no sense that these various books will gladly take your $10,000.00 deposit but shit can ya if ya wager correctly and Win $50,000.00 over a years time. Less than a $1,000.00 a week..

All this time waiting on the likes of Caesars and the rest for USA wagering and they nickel and dime their slate and 1st Quarter options along with snail tactic posting and pre-historic reasons for lack of lines.

Ridiculous

rant over....Damn't they piss me off...give me those overnight lines in WNCAA & WNBA[/QUOTE

Agreed. And their advertising is hilarious. Especially betmgm with Gretzky lol. And BetRivers with Ditka. But yet they limit me to $150 per bet
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kickserv

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chump said:
Sorry that my criticism of the books bothers you.
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Doesn't bother me at all.....you are 100 percent correct, and I am right there with you (and Old School), sucks that many Sportsbooks on the planet (mostly USA/offshore) kick you out for winning, but sadly that is just the way it goes.

Thankfully there are some out there that won't kick you out for winning.

(unless you are hammer1).
 
kickserv

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chump said:
Not a tout or interested in any Bs. I?ve been on MJs since the dial up days.
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Watch the video, it has nothing to do with touts, no bullshit at all. It just shows a bunch of winners and how they get around "being kicked out" of various USA Sportsbooks (betMGM for one).

Awesome video......:00hour



<iframe width="560" height="315" src="https://www.youtube.com/embed/7N05vGcw_tI" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
 
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kickserv said:
Doesn't bother me at all.....and I am right there with you (and Old School), sucks that many Sportsbooks on the planet (mostly USA/offshore) kick you out for winning, but sadly that is just the way it goes.

Thankfully there are some out there that won't kick you out for winning.

(unless you are hammer1).
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Idk even know who Hammer is. He must be a big deal lol

It?s disappointing when you get hot for a month and get booted or limited. Not like I won a ton. I?m in a legal state but only have 4 books. And the offshores don?t have the good in game like the legal books have.
 
vaquerizo

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I guess hammer bought draft kings ? What else could have caused that 20% explosion in a couple of days ?


Thanks hammer!!!!x34:
 
kickserv

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vaquerizo said:
I guess hammer bought draft kings ? What else could have caused that 20% explosion in a couple of days ?


Thanks hammer!!!!x34:
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That makes sense, with all his gambling winnings, he has enough cash to not only purchase DraftKings, but every other gambling establishment in the United States.
 
Old School

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kickserv said:
Doesn't bother me at all.....you are 100 percent correct, and I am right there with you (and Old School), sucks that many Sportsbooks on the planet (mostly USA/offshore) kick you out for winning, but sadly that is just the way it goes.

Thankfully there are some out there that won't kick you out for winning.

(unless you are hammer1).
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and who are these that post womens sports with 1st quarter sides and totals over night..

I have looked til I am furious and they don't exist on American soil.
 
C

chump

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kickserv said:
Watch the video, it has nothing to do with touts, no bullshit at all. It just shows a bunch of winners and how they get around "being kicked out" of various USA Sportsbooks (betMGM for one).

Awesome video......:00hour



<iframe width="560" height="315" src="https://www.youtube.com/embed/7N05vGcw_tI" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
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Really enjoyed the video! I do wonder how they actually win and what they bet. I only do in game and I'm more of a luck bettor. That's why I'm flabbergasted on why I'm limited. Barstool won't limit me ever since I'm down a ton there lol. Thanks for posting this, I would've never seen this otherwise
 
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