Jim Cramer on DraftKings: “It’s Gotta Have These Other States”

DraftKings Inc. (NASDAQ:DKNG) is one of the stocks on Jim Cramer’s radar. A caller asked what Cramer thought of the stock, and he replied:

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.

Photo by jason briscoe on Unsplash

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 December 16, 2025, episode, a caller inquired about the stock, and Cramer responded:

Okay, DraftKings is down… right now just because it’s had some highly unusual losses, but those are going to end. The statistics favor them coming back to, even when it comes to those losses. And I think DraftKings is a very well-run company, and I think the industry’s in consolidation. And I like it very much.

While we acknowledge the risk and potential of DKNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DKNG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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