Why DraftKings Stock Is Up Today

Why DraftKings Stock Is Up Today
Howard Smith, The Motley Fool
·2 min read

Shares of DraftKings (NASDAQ: DKNG) jumped 5.5% early Wednesday before settling back to a gain of 2.1% as of 11 a.m. EST. The online sports betting company announced the first 2021 launch of its sportsbook and casino mobile app in a new state yesterday. DraftKings' growth into Michigan comes after data from Pennsylvania showed record betting business there for the company in December.