12 Best Stocks to Buy and Hold For 10 Years

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10. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 65

DraftKings Inc. (NASDAQ:DKNG) is a leading digital sports entertainment and gaming company that offers a range of products across daily fantasy, regulated gaming, and digital media. The company is live with mobile sports betting in 25 states and Washington, D.C., covering about 49% of the US population. Its iGaming services are currently live in 5 states and reach around 11% of the population. The company’s Sportsbook and iGaming are also live in Ontario, Canada and reach about 40% of Canada’s population. DraftKings Inc. (NASDAQ:DKNG) continues to make strategic moves to grow its business and reach new markets. It expects to launch its Sportsbook product in Missouri and Puerto Rico pending all the necessary approvals. DKNG ranks among the best stocks to buy and hold for 10 years.

The company’s focus on expanding its products into new regions and growing its customer base with efficient acquisition and product expansion helped it achieve its first year of positive adjusted EBITDA in 2024 and has positioned it well for growth in the coming years. In Q4 2024, DraftKings Inc. (NASDAQ:DKNG) generated a revenue of $1.39 billion, an increase of 13% year-over-year. This growth was driven by continued healthy customer engagement, new customer acquisition, expansion of its Sportsbook product into new jurisdictions, and the impact of the company’s acquisition of Jackpocket in May 2024.

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