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1. States With Draftkings Sportsbook
2. Draftkings
3. States With Draftkings Sportsbook Picks
4. States With Draftkings Sportsbook Odds

With online sports betting becoming legal in many states, big brands are working toward expanding across the US. Among these include DraftKings Sportsbook.

DraftKings Sportsbook is now available on Mobile and Desktop in these states: Colorado Indiana Iowa Michigan New Hampshire New Jersey New York Pennsylvania West Virginia.

This site is also widely known for its daily fantasy sports (DFS) contests.

DraftKings recently merged with SBTech in a landmark deal that makes the new company the only US-based vertically integrated sports betting and online gaming company

Feb 25, 2019 The company currently operates an online sportsbook and casino in just one state — New Jersey — while also running a retail sportsbook in Mississippi. Meanwhile, Caesars Entertainment operates casinos in the following 13 states across the U.S. Unfortunately for DraftKings, they’ll only have accee to 12 states. Virginia sports betting is here, although, the number of sportsbooks is limited. However, DraftKings was one of the first to market. Below, we have a guide to help residents and visitors to the Commonwealth navigate the DraftKings Sportsbook app. Check out tips on creating an account, depositing and withdrawing funds, and selecting sports to bet on. DraftKings sportsbook basics. The DraftKings Sportsbook offers a robust menu of sports betting options — for the most part, similar to the kinds of wagering offered in other legal U.S. Sports betting states, with some added creativity: Live and in-game wagering (sides, totals, player props, first to 10 points, etc.) Moneyline wagers.

DraftKings currently offers sports betting in NJ, PA, WV, IN, IL, NH, IA, CO, TN, VA and MI. In most cases, it has partnered with a local venue, opening the DraftKings-branded live sportsbook and app.

VA is expected to be the next states to join the DraftKings stable, with more sure to follow as online sports betting continues to be approved and regulated by more and more states.

When you sign up to DraftKings through our site, you automatically qualify for two bonuses worth up to $1,050. There’s an up to $50 free bet offer tied to your first deposit. That’s in addition to a 20% matched deposit bonus worth up to $1,000 on that deposit.

This guide to DraftKings Sportsbook provides a primer on how the app and website work, and shares info on bonuses and banking.

States With Draftkings Sportsbook

DraftKings on Jan. 24 announced the launch of its mobile and online sportsbook in Virginia, which now represents the 12th state in the US where the online sports betting and gaming company’s product is available.

The launch came ahead of the Super Bowl, which is scheduled to begin in the first week of February. DraftKings (DKNG) rolled out its online and mobile sportsbook in the state of Michigan on Jan. 22. States like Virginia and Michigan have already legalized online sports betting and many other states in the US are also looking at doing the same.

Earlier this month, the Governor of New York, Andrew Cuomo, indicated his support to legalize online sports betting and said, “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.”

The company has yet to announce its 4Q results. At its most recent 3Q earnings release, DraftKings raised its FY20 revenue guidance from a range of $500-$540 million to a range of $540-$560 million. (See DKNG stock analysis on TipRanks)

DraftKings’ shares were down by 1.9% and closed at $52.53 on Jan. 22.

On Jan. 20, Morgan Stanley analyst Thomas Allen upgraded the stock from Hold to Buy and raised the price target from $39 to $60. Allen is bullish on the stock citing “impressive sports betting and iGaming trends.”

Draftkings

“We also expect DKNG to start to talk about profitability in NJ [New Jersey], as FanDuel did, countering the bear thesis that the industry will never be profitable,” Allen wrote in a note to investors.

“Bringing this all together, we expect Street 2025e EBITDA to rise from $434m today closer to our new $1B forecast (up from $761m). With us still forecasting US sports betting revenue/adult at a discount to Australia/UK, potential for greater share concentration, and a few slower growth peers trading at >30x, further upside looks attainable with our bull case now $179,” the analyst added.

States With Draftkings Sportsbook Picks

Wall Street analysts are cautiously optimistic about the stock and the consensus is a Moderate Buy with 13 analysts recommending a Buy, 5 analysts suggesting a Hold, and one analyst recommending a Sell. The average price target of $63.89 implies 21.6% upside potential to current levels. Shares have jumped by 22.2% in the past three months.

States With Draftkings Sportsbook Odds

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