Jim Cramer on DraftKings: “It’s in the Wilderness”

Okay, I similar DraftKings, but I’ve decided, you cognize what, without Florida, without Texas, without California gambling, it’s conscionable going to beryllium like, I don’t know, it’s successful the wilderness. I don’t know. I privation it retired of the wilderness. It’s not an costly stock. Or possibly we request a batch of consolidation. That could bash it.

A method banal marketplace chart. Photo by Energepic from Pexels

DraftKings Inc. (NASDAQ:DKNG) is simply a integer sports amusement and gaming institution that provides online sports betting, regular phantasy sports, and iGaming products specified arsenic blackjack, roulette, and slots. During the January 21 episode, a caller inquired astir the banal and successful response, Cramer said:

Okay, you know, it is incredible… Boy, I saw a downgrade of Flutter today. DraftKings… Look, it’s gotta person these different states. It’s gotta person Texas, California, and Florida. It conscionable has to astatine this point. As agelong arsenic it doesn’t, the stock’s not going to spell anywhere. I thought they would’ve, they’d beryllium each connected the ballot. I inactive deliberation so. I don’t know. It hasn’t happened, and that’s been disappointing to me. But it ever could.

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