Shares of DraftKings (DKNG) are up $1.94, or 5%, to $41.08 in pre-market trading after its chief online sports betting peer Flutter Entertainment (FLUT), the parent of FanDuel, introduced medium-term 2027 guidance and the authorization of an up to $5B share repurchase program in conjunction with an an investor event being hosted today.
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Read More on DKNG:
- Bet On It: Flutter buys Italian operator in latest international buyout
- MLB Players Union files NIL lawsuit against DraftKings, Bloomberg reports
- MLBPA sues DraftKings for use of names, images, Bloomberg reports
- Bet On It: Flutter bets big on Brazil with NSX Group deal
- Cathie Wood’s ARK Investment bought 177.5K shares of DraftKings today
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