Getting To Know Online Gambling Stocks: PDYPY, CZR, DKNG

  • Flutter, operators of FanDuel, has seen a stock price drop of -23.13% YTD.
  • DraftKings, a top competitor to FanDuel has fallen 12.26% YTD
  • Caesars, on the other hand, is up 44.18% year to date.

LAS VEGAS - Online gamblers are known for pouring money into their hobby, so investing in online gambling stocks could be a fun way to get money on the back end of their losses.

FanDuel and DraftKings have carved up America’s online sports betting market between them, while Caesars holds a slice of that pie as well as online gambling operator status in several states.

This article is not investment advice, and is for informational and entertainment purposes only. Any discussion of an investment’s performance is not - and should not be taken as - a guarantee of a specific future outcome. All investments involve the potential for loss.

Flutter (PDYPY), Operators Of FanDuel

Flutter, known by the stock ticker PDYPY, operates FanDuel, which controls almost half of all sportsbook traffic in the United States.

Flutter’s stock price has been falling from pandemic highs, down -7.39 (-8.36%) in the past 6 months, and -24.37 (-23.13%) YTD.

A valley at $39.18 on March 20, 2020 as the reality of several months without sports soon saw a resurgence, and by Aug. 2020, the stock was over $80.

That $80 level is where it’s hovering right now, having fallen around $25 since Sept. 2021.

DraftKings (DKNG)

DraftKings is one of the largest sports betting companies in the nation, and one wonders what would have happened if their planned merger with FanDuel didn’t fall through.

DK’s stock is half the price of FanDuel’s, and has shown a similar pattern - a spike beginning a few weeks after the fall of major sporting leagues to the COVID-19 pandemic in 2020.

DraftKings is also showing the same type of losses since Sept. 2021, having fallen from over $60 to under $40 in that time.

The stock is down -5.50 (-12.26%) year to date and -4.15 (-9.54%) in the past 6 months.

Caesars (CZR)

Caesars has been inundating every NFL game with advertisements for its Caesars Sportsbook app, and J.B. Smoove’s performance as Caesar has etched the brand in the mind of many NFL watchers.

Like the other gambling companies, Caesars saw a valley on Mar. 20, 2020, and since then has spiked upwards significantly.

Unlike the others, however, if one had bought Caesars on March 20, they’d have more than 10x’d their investment.

Caesars stock cost $8.82 on that fateful day, and currently costs $101.85, a remarkable jump, the scale of which is far larger than either DraftKings or Flutter.

Caesars is up +40.04 (63.36%) in the past year, and while it is dipping a bit the same way the others are, it’s still up +2.86 (2.85%) in the past 6 months.