5 Biggest Lotteries In The World

Page 5 of 5

1. DraftKings Inc. (NASDAQ:DKNG)

Market Cap as of November 8: $5.63 Billion

Number of Hedge Fund Holders: 27

DraftKings Inc. (NASDAQ:DKNG) is a leading provider of online sports betting and gaming services. The company has operations in over 17 countries and has started to make inroads in the lottery industry. On January 12, 2022, DraftKings Inc. (NASDAQ:DKNG) became the official provider of the Oregon Lottery. With the digitization of the global lottery industry, DraftKings Inc. (NASDAQ:DKNG) is expected to grow its market share and maintain its industry-leading position in the digital sports and gaming industry. The company is worth $5.63 billion, as of November 8, and ranks among the biggest lotteries in the world.

On October 12, Benchmark analyst Mike Hickey revised his price target on DraftKings Inc. (NASDAQ:DKNG) to $23 from $30 and reiterated a Buy rating on the shares.

As of June 30, HG Vora Capital Management owns 2.5 million shares of DraftKings Inc. (NASDAQ:DKNG) and is the largest shareholder in the company. The fund’s stakes are valued at $29 million in the company.

Follow Draftkings Inc.

You can also take a look at 10 Stocks That Pay Dividends Monthly and 15 Biggest Global Construction Companies.

Page 5 of 5