This is not a stock analysis. This is a goddamn autopsy of the American Dream, dissected on a Las Vegas autopsy table with a blackjack dealer’s smirk. The “ultimate growth stock” is a myth sold to pigeons who think Wall Street has morals. But if you’re feeling froggy, crawl into the sewer with me and let’s talk about DraftKings (DKNG)-a company that’s been burning through cash like a methhead at a roulette wheel, yet somehow emerged blinking into the sunlight of profitability.
Let’s parse the numbers, baby. Revenue? Up from $615 million in 2020 to $4.77 BILLION in 2024. But profits? Ha! They lost billions-enough red ink to drown a Baptist preacher. The stock’s been trailing the S&P 500 like a junkie dragging a chain. BUT THEN-like a phoenix rising from a pile of slot machine receipts-it turned the corner. Q2: $1.5 billion in revenue (up 37%), $157.9 million net income. First-half earnings? $124 million. Last year? A $78 million hole. They’re clawing their way out, folks, and the smell of blood in the water is turning into perfume.
Here’s the real kicker: those “monthly unique payers”? Up 6% to 3.3 million. Strip out JackPocket’s acquisition and it’s still 5% growth. But the GOLD? Average revenue per payer JUMPED 29% to $151. These folks aren’t just betting on football games-they’re betting their rent checks. DraftKings isn’t a sportsbook; it’s the new Welfare Office.
Guidance and the Lunatic Fringe of Growth
2025 revenue guidance: $6.2-$6.4 billion. That’s 30% growth if you squint. Earnings estimates? $0.57 average, $0.88 if the moon aligns. At 84x earnings, this stock should be radioactive. But we’re talking about GAMBLING, darling. Multiples don’t matter when the house always wins. And DraftKings? They’re building a HOUSE.
They’re only legal in 25 states. HALF THE GODDAMN COUNTRY, people. Every time some red-state governor smells tax revenue-$8 billion since 2018-their knees buckle. The global sports betting market? Projected to hit $235 billion by 2033. The U.S. alone coughed up $150 billion in bets last year. This isn’t a trend. It’s a FEVER.
So yeah, DraftKings might be the last cab off the rank when the economy goes full Mad Max. The taxmen are coming, the punters are drooling, and the freak flag’s flying. Buy this stock? Why not. The alternative is hope. And hope’s a losing game.
Place your bets, folks. 🎰
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2025-09-03 13:43