Oct. 4 at 4:32 PM
$DKNG
While outcomes are certainly annoying AF, it’s a bit myopic to OBSESS over there.
Okay, people did better than usual for Q3….
That’s a good thing long run. It’s almost as if Wall Street wants DKNG to just bleed people dry, every time, and immediately. That can discourage long term use. If the public catches a break here and there, that’s long run bullish. We saw good outcomes in Q2, it’s random and cyclical. Starting a season as a bettor and not getting curb stomped by the books isn’t a bad thing. How many of those people will now have that confidence lead to lifelong use?
One thing none of the brainiacs have mentioned even once is the Crawford fight. That was a gigantic boon and activation event. I expect it will be highlighted within the Q&A of the report that comes out in November. Also helped offset some bad stuff during the quarter
