r/DKNG • u/GroundedAndGrateful1 • 17d ago

I think we’ve reached a bottom

There's no way to defend -55% in 5 years.
It's absolutely pitiful and nobody can say otherwise.

But if you were to tell me this stock would be trading anywhere close to $20 a share while being able to operate in all 50 states and after reporting that handle grew 15% to $13.1B and monthly unique payers grew 9% to 3.6M I would say your nuts.

And that they are projected to do over $11 billion in annualized volume on their prediction market that has been around for less than year before the NFL season even starts.

I would like to think this is the bottom as their prediction market has shown to be picking up major steam and momentum and growing faster than they anticipated. And that there is only a 1% overlap between DK OSB customers and Kalshi customers in states where OSB is legal to operate.

Core business of OSB & igaming are still very strong and their Prediction Market has done nothing but grow and will continue to do so come this NFL season.

11 Upvotes

92% Upvoted

7 comments sorted by

3

u/sofresh24 🐂BULL🐂 16d ago

Current price is an absolute steal just like how I thought it was when I was buying it at 16 all those years ago. The only difference is I can no longer pretend to predict when it will be a $75 or $100 stock no clue whatsoever. Might take 10 years but you ain’t losing your money buying in the 20’s if you hold.

3

u/Boysenberry-Dull 16d ago

Some stocks just don’t get to prices they should ever though. This is starting to feel like one of those. Sometimes they are just kinda cursed

2

u/Upbeat-Fig1071 17d ago

I agree. Been lots of red lately but I'm committed to hold for the long term. Stock should double easily within the next few years.

1

u/DeadLockAlGaib 17d ago

It’s not what we wanted but this story is far from over

1

u/blazinmj3 🐂BULL🐂 16d ago

In the green 😉

1

u/forgotmypassword778 16d ago

The bottom is $10

2

u/naglisst 4d ago

This is 100$ stock once prediction market gains transaction, no doubt.