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For now, DraftKings (NASDAQ:DKNG) is primarily viewed as an online sports betting company. But it’s made its plans to be an omnichannel, vertically integrated enterprise clear, and that could eventually include a streaming entertainment acquisition, according to one analyst.
DraftKings CEO Jason Robins seen in a
CNBC interview last week. An analyst sees the company moving into streaming entertainment. (Image:
CNBC)
In a recent note to clients, Oppenheimer internet analyst Jed Kelly said DraftKings has ambitions that lie beyond online sports wagering. Those include a possible metamorphosis into a broader sports entertainment outfit with multiple revenue sources.
We see DKNG making a larger push into streaming, where they can put the sports book experience into users’ homes and integrate sports analytics content,” said the analyst.
Operator
Good day, and thank you for standing by. And welcome to the DraftKings Q1 2021 earnings call. [Operator instructions]. I would now like to introduce your host for today s conference call, Stanton Dodge, you may begin.
Stanton Dodge
Chief Legal Officer
Good morning, everyone, and thank you for joining us today. Statements we make during this call that are not statements of historical fact constitute forward-looking statements that are subject to risks, uncertainties, and other factors that could cause our actual results to differ materially from our historical results or from our forecast. We assume no responsibility for updating forward-looking statements. For more information, please refer to the risks, uncertainties, and other factors discussed in our SEC filings.
DraftKings Acquires Rights to Dan Le Batard s Podcasts in Reported $50M Deal
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