Jim Cramer on DraftKings: "I Think That This is the Best Company in Gambling"

DraftKings Inc. (NASDAQ:DKNG) is one of the stocks Jim Cramer recently discussed. Cramer discussed the company’s unsatisfactory results, as he said:

“What’s happening after the close with the stock of DraftKings? The company’s been having a tough year thanks to a series of adverse NFL outcomes, some rising competition from the predictions market. They get a little muddier when they reported tonight. Now, DraftKings delivered a pretty sizable revenue miss, a larger-than-expected loss for the third quarter… At the same time, management also slashed full-year forecast for both revenue and earnings before interest, taxes, depreciation, and amortization. It looks rough, but I gotta get to the bottom of this because I’ve been recommending this stock because I think that this is the best company in gambling… I believe that this… [is] the only company I want to bet in the industry.”

DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that provides online sports betting, daily fantasy sports, and iGaming products such as blackjack, roulette, and slots.

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Disclosure: None. This article is originally published at Insider Monkey.