DraftKings stock went public in April and since that time shares of the fantasy sports and sports betting site have soared nearly 140%.

From Tech Wire:

The stock was trading lower Tuesday, but that follows a six-day winning streak in which shares surged more than 50%. Not too shabby considering that the Covid-19 outbreak has ground many professional sports leagues around the world to a halt.

DraftKings is now valued at about $13 billion.

To put that in perspective, that makes it a more valuable company than global casino giants MGM Resorts, Wynn Resorts and Caesars Entertainment.

Sales were up 30% in the first quarter as gamblers wagered on things like professional esports tournaments and table tennis. DraftKings has also expanded its offerings in some states where internet gambling is legal to include online blackjack, roulette and other casino games.
In case you missed it, the company announced last week that it was partnering with data and content company Sportradar, allowing customers with account balances above zero to watch live sporting events directly through the DraftKings Sportsbook app.

Read more here: https://www.wraltechwire.com/2020/06...pite-pandemic/