![]() ![]() The Morgan analyst also noted a DraftKings feature that the competition doesn’t have: “Progressive Parlay, where players can win even if one or more legs of a parlay miss this has the potential benefit of increasing its leg count, hold percentage, and ultimately gross margins.” “These targets are at or above our current in-print estimates,” Greff added. (No 2027 target was given.) Greff reckoned that DraftKings would have cash on hand of $3.6 billion in late 2026, worth almost $7 per share. Based on the status quo (which includes a 30 percent market share), DraftKings projects that its cash flow will grow from $900 million or more in 2025 to $1.4 billion in 2026, then to $2.1 billion in 2028.
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