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Why DraftKings Stock Jumped Today

·2-min read

Shares of DraftKings (NASDAQ: DKNG) popped 9.8% on Friday after the daily fantasy sports and online gambling leader reported its second-quarter results before the market opened and lifted its 2022 financial forecast. DraftKings' revenue surged 57% year over year to $466 million in the second quarter. The company's entrance into Ontario, Canada's online sportsbook and casino markets in May helped to bolster its growth.