# Sitting on a Cash Pile 16.0? Sports Betting in Vogue

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Last modified: 2021-08-23

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By Paul Ebeling · 2021-08-23
Tags: Shayne Heffernan on Investments, Stocks, cash, sports, Paul Ebeling, betting, Knightsbridge Insights, DKNG
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#cash](https://www.livetradingnews.com/tag/cash)[#bullish](https://www.livetradingnews.com/tag/bullish)[#buy](https://www.livetradingnews.com/tag/buy)

[$DKNG](https://finance.yahoo.com/quote/DKNG?p=DKNG&.tsrc=fin-srch)

Following a US Supreme Court decision in Y 2018, 32 states legalized sports betting, and with a new NFL season just about to start, there are some opportunities among online betting companies.

DraftKings Inc. ([NASDAQ:DKNG](NASDAQ:DKNG)) received a lot of attention from meme-stock investors in mid-June, and that pulled the online betting firm’s stock back into positive territory. 

Shares are up about 12.5% YTD. We have 82 1yr price target, above the 70.80 consensus target. Friday DKNG closed within its 52-k range of 34.28 - 74.38 at 52.01. DraftKings does not pay a dividend.

Have a prosperous day, Keep the Faith!

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