Investing.com — DraftKings Inc (NASDAQ:) jumped 7% after Goldman Sachs (NYSE:) upgraded the inventory, citing enhancing possibilities for extra states to permit on-line sports activities betting and playing.
Goldman upgraded the inventory to purchase, saying DraftKings had the nationwide community to capitalize on state rollouts. New York, Texas and Florida are contemplating on-line betting to assist shut funds gaps with tax income.
The inventory is up 283% within the final yr. On-line sports activities betting has develop into extra standard as spectators place bets whereas watching reside occasions streaming on their cellular units.
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