Have you heard?
NBA great Michael Jordan is going to become a special advisor to the board of DraftKings ( ), in exchange for an equity stake in the giant sports betting and fantasy sports contest operator.
And did you know?
Since its IPO in April 2020, investors have been pleased with the performance of DraftKings’ stocks.
Despite the COVID-19 pandemic and the temporary halting of sporting events in March, the share value of DraftKings has increased MORE than 100%.
The announcement of the Michael Jordan news spread with a jolt of excitement to investors, thus helping the stock of DraftKings to achieve another round of surge with substantial surges on its market value.
To say it simply:
Michael Jordan’s GOAT (Greatest of All-time) stature in the basketball world transcends into his business ventures.
Evidenced by his accomplishment as a company face of Nike during his playing days and currently, as the pitchman for the Jordan Brand of Nike, Michael Jordan’s association with DraftKings is expected to bring in a fresh wave of success for the company in terms of reaching a wider market.
They said what?
DraftKings’ CEO and co-founder Jason Robins said in a press release “Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and entrepreneur. The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team.”
Michael Jordan’s influence
Michael Jordan is expected to give strategic advice regarding “important business initiatives” that the company is planning in the future.
DraftKings’ board of directors are also expecting Jordan to take a KEY role in shaping product development, strategic vision, marketing and inclusion and equity.
How big is DraftKings today?
With a market cap of $13.51 billion—a strong surge from its initial value of $3 billion during its IPO—DraftKings was launched in 2012 as a daily-sports fantasy product that allowed sports fans to compete against each other based on a variety of an athlete’s performance stats in a wide range of sports like the NBA, NFL, MLB, NASCAR, UEFA Champions League, NHL and many more.
DraftKings also cornered the market in sports betting by becoming the first company to provide legal online and mobile sports betting platforms.
Not only that…
With the sports world slowly returning to staging back competitions after the NBA, WNBA, MLB, UFC, and Tennis Tournaments have continued their seasons, DraftKings have step-up their advertising to sign up additional new users.
Is DraftKings a safe investment right now?
Financial watchers and seasoned investors are bullish on the stocks of DraftKings right now.
At the end of the 2nd quarter of 2020, DraftKings is included in at least 50 hedge fund’s portfolios.
Analysts conclude that DraftKings have a high potential for long-term growth.
The rise of online sports betting
DraftKings is in a perfect position to capitalize on the rapid rise of online sports betting.
After a short hiatus of sporting leagues during the height of the COVID-19 pandemic, sports are getting back and so are legions of online sports bettors.
Because of this…
DraftKings’ management and investors are both bullish on the long-term positions of legal online sports betting and iGaming market.
How to invest on DraftKings?
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Illustrative prices only
Not only that…
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Pros of Plus500
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Sports is back!
Now that the sporting world is back, you can not only enjoy it as a spectator or a sports fan, you can also make profits from sports through a variety of ways:
Through DraftKings’ online betting platform and fantasy sports products OR better yet; though investing on DraftKings’ soaring stocks itself.
It’s definitely a win-win situation for any sports fan with a keen eye on investing WISELY.