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Macquarie: DraftKings Still One of Gaming’s ‘Most Compelling’ Growth Stories
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Todd Shriber Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.
DraftKings stock is perking up and an analyst likes the name ahead of football season.
(Image: Shutterstock)In a report to clients out earlier today, Macquarie analyst Chad Beynon said DraftKings “remains one of the most compelling structural growth stories in Gaming,” adding that investors can tap into those traits at an “attractive valuation.”
DraftKings rolled out its DKeX exchange in late June, meaning its DraftKings Predictions platform is fully integrated, allowing the operator to fully control the economics of its event contracts offering.
The company noted more than 600,000 customers have engaged with DraftKings Predictions at some point this year and client retention is comparable to what’s seen with the operator’s sportsbook.