DraftKings' risk management and product innovation capabilities, the source of its narrow moat, are producing healthy results in its core sportsbook business. We expect these advantages to drive a strong prediction market business and strengthen its competitive positioning.
We see DraftKings’ online platform as well positioned to participate in the $60 billion North American sports betting, i-gaming, and prediction market revenue opportunity by 2030.
Online gaming operators face intense competition for regulated online sports betting, with more than two dozen state licenses in some states, and from predictive event offerings.
|
Metric
|
DKNG
|
PENN
|
MGM
|
|---|---|---|---|
Price/Earnings (Normalized) | 49.59 | 36.30 | 16.54 |
Price/Book Value | 16.85 | 1.05 | 3.05 |
Price/Sales | 1.54 | 0.28 | 0.46 |
Price/Cash Flow | 25.44 | 1.90 | 3.27 |
|
Metric
|
DKNG
|
PENN
|
MGM
|
|---|---|---|---|
Quick Ratio | 0.69 | 0.76 | 1.14 |
Current Ratio | 1.02 | 0.89 | 1.33 |
Interest Coverage | −3.52 | −1.32 | 2.21 |
|
Metric
|
DKNG
|
PENN
|
MGM
|
|---|---|---|---|
Return on Assets (Normalized) | 1.85% | 0.63% | 2.32% |
Return on Equity (Normalized) | 11.60% | 4.35% | 36.57% |
Return on Invested Capital (Normalized) | 4.30% | 3.61% | 3.71% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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ARLUF
| — | LOCK|#S | $24B | |||
| Evolution AB ADR
EVVTY
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| Evolution AB
EVGGF
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| Flutter Entertainment PLC
FLUT
| LOCK|H@zmH&! | LOCK|hQFHx | $13B | |||
| Allwyn AG
GRKZF
| — | LOCK|rp^V% | $10B | |||
| Allwyn AG ADR
GOFPY
| — | LOCK|v@^RR | $10B | |||
| The Lottery Corp Ltd
LTRCF
| — | LOCK|z>@ | $8B | |||
| Lottomatica Group SpA ADR
LOTMY
| — | LOCK|f&&n | $7B | |||
| Super Group (SGHC) Ltd
SGHC
| — | LOCK|jtnL | $6B |
United States