Point/Counterpoint: The Case for DraftKings

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📚 Weekend Reads | Sunday, Sep 20, 2020

Point/Counterpoint: The Case for DraftKings

The economic fallout from the pandemic has left some firms fighting for their lives, worrying whether their business models will still be relevant in the "new normal" when the virus is eventually brought under control. Online sports and betting operators like DraftKings are not among those businesses. The lifting of gambling restrictions in many states across the U.S. is creating major opportunities for online sportsbooks. But investors aren't the only ones poised to profit. State regulators, strapped by lost revenue from Covid shutdowns, are eyeing online gambling as a source of tax income. There are risks, too, such as increased competition. Investing.com's Yasin Ebrahim argues the bull case for DraftKings Inc (NASDAQ:DKNG), while Christiana Sciaudone argues investors should beware the risks. This is Point/Counterpoint.

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