Jim Cramer on DraftKings: "It's in the Wilderness"

DraftKings Inc. (NASDAQ:DKNG) is one of the stocks that Jim Cramer shared takes on, along with navigating market shortages. When a caller inquired about the stock, Cramer remarked:

Okay, I like DraftKings, but I’ve decided, you know what, without Florida, without Texas, without California gambling, it’s just going to be like, I don’t know, it’s in the wilderness. I don’t know. I want it out of the wilderness. It’s not an expensive stock. Or maybe we need a lot of consolidation. That could do it.

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. During the January 21 episode, a caller inquired about the stock and in response, Cramer said:

Okay, you know, it is incredible… Boy, I saw a downgrade of Flutter today. DraftKings… Look, it’s gotta have these other states. It’s gotta have Texas, California, and Florida. It just has to at this point. As long as it doesn’t, the stock’s not going to go anywhere. I thought they would’ve, they’d be all on the ballot. I still think so. I don’t know. It hasn’t happened, and that’s been disappointing to me. But it always could.

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