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☆ Shares of this restaurant chain are forming a long-term turnaround, according to the charts
▼ + stars: | 2024-02-05 | by ( Katie Stockton | ) www.cnbc.com time to read: +6 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Dave, Katie Stockton Organizations: Buster's Entertainment, Fairlead, CNBC Pro, Securities

☆ N.F.L.’s Rapid Embrace of Gambling Creates Mixed Signals
▼ + stars: | 2024-02-04 | by ( Jenny Vrentas | ) www.nytimes.com time to read: +1 min

Over the next week, the National Football League’s players, coaches, fans and executives will gather for an event that was virtually unthinkable just 10 years ago: the Super Bowl in Las Vegas, the gambling capital of the United States. Now it even has a team in Las Vegas, which the league shunned for decades because any affiliation was seen as a threat to the integrity of the game. Yet the embedding of sports gambling so quickly into the culture of the league has resulted in jarring contradictions. is pushing to popularize and benefit from sports betting while still guarding against the potential pitfalls that it long condemned. While the league donates money to promote responsible gambling, its broadcasts are peppered with advertisements for sports betting companies.

Persons: ’, Roger Goodell —, —, ”, Marc Edelman Organizations: National Football, Baruch College Locations: Las Vegas, United States, Nevada, New York

☆ Advertisers slashed spending on X by more than 55% ahead of this year's Super Bowl
▼ + stars: | 2024-02-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Last year, Adweek reported, major advertisers started shifting their Super Bowl strategy away from the X platform in favor of sites like TikTok and Reddit. According to MediaRadar's analysis of this year, the same advertisers slashed spending ahead of Super Bowl LVIII on the platform by 55%, to $21.1 million. The report found that despite the cuts, BetMGM, alongside Oreo, remained among the top spenders for the upcoming Super Bowl. AdvertisementX's advertising exodus comes for the Super BowlOn X, per AdAge magazine, the cost to create a promoted trending topic is $700,000 during the Super Bowl. "It also shows the race to the bottom that the X platform has fallen into," he added.

Persons: —, Adweek, MediaRadar, BetMGM, Musk, Todd Krizelman, Jeff MacDonald, Mekanism Organizations: Twitter, YouTube, Service, Sunday, Facebook, Bowl, NFL Enterprises, McDonald's, Oreo, Super, CNN, Kansas City Chiefs, San Francisco 49ers, Elon, Insider Intelligence, Business Locations: MediaRadar

☆ A millennial sports bettor who's wagered nearly $1 million on FanDuel shares the 7 things new gamblers should do — and avoid
▼ + stars: | 2024-02-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Read previewWhen states across the US started legalizing sports gambling in 2018, Jimmy, a New York-based sports bettor in his 30s, was ready. Since January 2022, Jimmy and his cousin have bet nearly $1 million through FanDuel and netted roughly $35,000 in winnings, according to a document viewed by Business Insider. Don't bet more than you're willing to loseJimmy said establishing a bankroll and unit size are important steps for new bettors. The unit size is the percent of the bankroll — Jimmy said ideally it's 1% — that gamblers dedicate to the typical bet. Despite his success with sports betting, Jimmy said he and his cousin both have part-time jobs.

Persons: —, Jimmy, FanDuel, Jimmy hasn't, they've, they'd, it's, bettor, parlays, shouldn't, Timothy Fong, Don't, he's, we'll Organizations: Service, Business, American Gaming Association, Sports, NCAA, NBA, WNBA, UCLA, Studies, National Council, Virgin Islands Locations: New York, Young, Canada, Virgin

☆ NFL reminds teams they can't bet on sports during Super Bowl week in Las Vegas
▼ + stars: | 2024-02-02 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"Super Bowl LVIII is a highly anticipated and thrilling event for our fans and viewers. Super Bowl 58 in Vegas is expected to be the most bet on NFL championship ever. Staff must also strictly avoid sportsbooks, even for food or drink, while at the Super Bowl. However, employees of the Chiefs and 49ers won't be allowed to play until the Super Bowl is over. Correction: This story has been updated to reflect NFL gambling suspensions start at one to two years for players.

Persons: Roger Goodell, Goodell, Kayshon Boutte Organizations: National Football League, Super, Vegas . Employees, Kansas City Chiefs, San Francisco 49ers, CNBC, American Gaming Association, NFL, Louisiana State University, Staff, Chiefs, 49ers, CNBC PRO Locations: Las Vegas, Vegas ., Vegas

☆ Mark Cuban: These 2 industries will be the 'next wave of revenue generation' in sports—but they 'aren't my strengths'
▼ + stars: | 2024-02-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

"To spend more time with my family and because I believe the next wave of revenue generation is around real estate and entertainment and those aren't my strengths," the billionaire responded. Cuban has never been shy about pointing out where his strengths lie, saying in the past that he is "really, really, really good at sales." Those pursuits make more sense for the Adelsons, who have a long history in the entertainment, casino and real estate space, Cuban said in a pre-game interview on Dec. 27th. It's because of their real estate empires that they've built," Cuban said. It's been hard enough learning the pharmacy and basketball business, let alone trying to learn real estate as well."

Persons: Mark Cuban's, it's, Miriam Adelson, Cuban, Adelson, It's, Sheldon Adelson Organizations: Dallas Mavericks, NBA, Cuban, Twitter, ESPN, Las Vegas Sands, Forbes, Vegas Sands, Mavericks, CNBC Locations: Las Vegas, Texas, Cuban

☆ Super Bowl LVIII teams not permitted to gamble in Las Vegas, NFL emphasizes rules are ‘no different’ to any other game
▼ + stars: | 2024-01-31 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —The NFL has emphasized that the gambling rules for the teams participating in Super Bowl LVIII are “no different” to any other game, despite the showpiece event being held in Las Vegas, Nevada. Players across the league received suspensions of varying degrees in the past year, with the NFL releasing a memo in June stressing the six “key rules” of its gambling policy. A general view of Allegiant Stadium in Las Vegas, the host for Super Bowl LVIII. But in an effort to preserve the “integrity” of the game, players from the two teams will not be able to bet as they will be “on business” as Miller said. “And I think those are the two primary orientations that we’re all working together to accomplish both at the same time.”

Persons: ” Jeff Miller –, –, Miller, Ethan Miller, ” David Highhill, ” Organizations: CNN, NFL, The Kansas City Chiefs, San Francisco 49ers, New England Patriots, Super, Super Bowl Locations: Las Vegas , Nevada, The, Las Vegas

☆ The CEO of FanDuel's owner Flutter explains how its US stock debut could boost its edge over rivals like DraftKings and why it thinks of itself as a media business
▼ + stars: | 2024-01-31 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's a great opportunity to bring the world's leading sports betting and gaming business to the world's leading capital market." AdvertisementJackson said he believes the US listing will help the company win media attention and new investors. DraftKings narrowly edged out in August FanDuel's market-share lead in the broader online gambling space that includes casino-style games, per EKG. "FanDuel is undoubtedly a media business," Jackson said.

Persons: —, Peter Jackson, Jackson, Paddy Power, it's, DraftKings, FanDuel, Pat McAfee, Charles Gillespie, Chad Beynon, Beynon Organizations: Service, New York Stock Exchange, Wall, Business, PokerStars, London Stock Exchange, Krejcik, Penn, ESPN Bet, Media, TVG, Gambling.com Group, Macquarie, Wall Street, Rush Street Interactive, Caesars Entertainment, Genius Sports, Research, Jefferies Locations: New York, London, Europe, Sportsbet, Australia, America, Sands

They can speculate all they want, but they won't be able to bet on it legally in the United States. BetMGM public relations manager John Ewing said he was waiting for word from Canadian authorities there if such bets will be OK. Las Vegas, the longtime epicenter of sports betting in the U.S., has some of the strictest rules regarding the kinds of wagers made. Since she's performing in Japan the weekend of the Super Bowl, fans began wondering whether she'll make it to Las Vegas to watch Kelce and Kansas City face the San Francisco 49ers. "We don’t want any subjectivity in a prop (bet),” Ewing said.

Persons: Taylor Swift, Travis Kelce, John Ewing, Kelce, Ewing, ” Ewing, “, Adam Pullen’s, “ We’ve, ” Pullen Organizations: LAS VEGAS, Super, Kansas City Chiefs, Gatorade, Chiefs, AFC, Baltimore, Bowl, Kansas City, San Francisco 49ers, Caesars Locations: United States, Costa Rica, Canadian, Ontario, U.S, Las Vegas, Japan, Kansas, Vegas .

ATLANTIC CITY, N.J. (AP) — Advertisements for sports betting continue to flood the airwaves, but the NFL said Tuesday that viewers will see only three such ads during the Super Bowl broadcast next month. But sportsbooks have only bought three such ads for broadcast right before and during the Super Bowl broadcast, fewer than the maximum allowed, NFL spokesperson Alex Riethmiller said. Part of that effort includes “being mindful of the tenor, volume and saturation of sports betting advertising and the degree with which we're integrating that into the live game,” Highhill said. The topic of sports betting advertising has been contentious for years. Highhill said the NFL tends to get blamed for sports betting ads that are beyond its reach.

Persons: David Highhill, Alex Riethmiller, We've, Highhill, “, Jeff Miller, ” Highhill, sportsbooks, Bill Miller, ”, we're, Keith Whyte Organizations: CITY, NFL, Super Bowl, ” League, The Kansas City Chiefs, San Francisco 49ers, New Jersey, U.S, Supreme, D.C, American Gaming Association, Fox, Raiders, National Council Locations: N.J, Las Vegas, The, New, Washington

☆ FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play
▼ + stars: | 2024-01-29 | by ( Contessa Brewer | ) www.cnbc.com time to read: +1 min

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings . But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and 51% based on net revenue. But while FanDuel outperforms its competitors, its biggest rival DraftKings grabs the headlines and spotlight in earned media as the biggest (some might argue, the only) publicly traded pure play in sports betting. Shares of DraftKings have soared more than 150% over the last 12 months and are up 9% year to date.

Persons: FanDuel, DraftKings Organizations: New York Stock Exchange, London Stock Exchange, NYSE Locations: United States, FanDuel

☆ FanDuel parent lists on the NYSE as sports betting surges ahead of Super Bowl LVIII
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFanDuel parent lists on the NYSE as sports betting surges ahead of Super Bowl LVIIIHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: NYSE, CNBC

☆ Taylor Swift will need to time travel to attend the Super Bowl
▼ + stars: | 2024-01-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewThe Kansas City Chiefs on Sunday won their playoff game against the Baltimore Ravens 17-10, taking them to the Super Bowl for the second year in a row. The concert, scheduled for 6 p.m. local time in Tokyo, starts at 1 a.m. Las Vegas time. "Let's say it's a five-hour concert, ends about 11 p.m. local, which is 6 a.m. Saturday in Las Vegas," Rapoport added. "Figure a 12-hour flight, maybe she leaves about an hour later, Taylor Swift could still get to the Super Bowl, to Vegas, about 7 or 8 p.m. Saturday night — just in time to party." Super Bowl LVIIIThe Detroit Lions and San Francisco 49ers are now facing off to see who takes the second slot at Super Bowl LVIII, which will, for the first time, be hosted in Las Vegas and is expected to rake in record levels of sports betting.

Persons: —, Taylor Swift, Swift, Travis Kelce, it's, she'll, Ian Rapoport, Rapoport, KMBC, Lewis Townes, Usher, Patrick Mahomes, they'll Organizations: Service, Kansas City Chiefs, Sunday, Baltimore Ravens, Super Bowl, Business, Chiefs, NFL, Super, Las Vegas, American Airlines, Las Vegas Operations, Detroit Lions, San Francisco 49ers, New England Patriots Locations: Japan, Vegas, Tokyo, Las Vegas, Kansas City

☆ Rob Gronkowski on Flutter's NYSE debut, sports betting landscape and Super Bowl prediction
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRob Gronkowski on Flutter's NYSE debut, sports betting landscape and Super Bowl predictionRob Gronkowski, former NFL player and four-time Super Bowl champion, joins 'Squawk on the Street' to discuss Flutter's NYSE debut, Super Bowl prediction, the future of sports betting, and more.

Persons: Rob Gronkowski Organizations: NYSE, NFL

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

☆ X is aiming to be the next hub for sports betting, report says
▼ + stars: | 2024-01-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

X partnered with BetMGM to show sports betting stats on the site, Fortune reported. The deal, the financial terms of which were not disclosed, comes two weeks before Super Bowl LVIII. X plans to roll out a new sports betting feature after inking a deal with the digital gambling platform BetMGM, Fortune reported. These bets will largely take the form of proposition wagers or "prop bets" related to in-game happenings unrelated to the game's outcome. AdvertisementThe Super Bowl is a massive traffic draw for X — so much so that the site briefly crashed during Rihanna's halftime show last year.

Persons: X, BetMGM, —, you'll, Fortune, Carl Johnson, Beau Rivage, Usher Organizations: Service, MGM Resorts International, Las, MGM, GVC Holdings, Business, CNN, Kansas City Chiefs, Baltimore Ravens, Detroit Lions, San Francisco 49ers Locations: Las Vegas, Bellagio, Mandalay Bay, BetMGM .

☆ Under-the-radar sports betting stocks: Genius Sports and Sportradar
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnder-the-radar sports betting stocks: Genius Sports and SportradarCNBC's Contessa Brewer reports on sports betting stocks, and the under-the-radar stocks that investors should know about. Charles Scherr, vice president of capital markets at Genius Sports, joins the show.

Persons: CNBC's Contessa Brewer, Charles Scherr Organizations: Genius Sports

☆ Patriots WR Kayshon Boutte arrested for sports betting
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPatriots WR Kayshon Boutte arrested for sports bettingDanny Cevallos, NBC News legal analyst, joins 'Power Lunch' to discuss the arrest of a NFL wide receiver for illegal sports betting.

Persons: Kayshon Boutte, Danny Cevallos Organizations: Patriots, NBC, NFL

Facebook fired Kagan in 2006 after he leaked company information to the press at Coachella. "I didn't work too hard at Intel and I didn't spend a lot of money," Kagan says. Following his firing from Facebook, Kagan ran conferences for aspiring entrepreneurs (a hustle he had started while at Intel), taught English in South Korea and picked up consulting work for Silicon Valley tech firms. In addition to working on AppSumo, Kagan manages rental properties and creates content for his YouTube and social media channels. In addition to his AppSumo business and his book, Kagan operates a YouTube channel and manages five rental properties.

Persons: Noah Kagan, Kagan, Bill Gates, Kagan's, Facebook, Camila Ortega, He'd, Maria, didn't, hadn't, AppSumo, They'll, We've, everyone's, we've, Kagan didn't, wasn't, Rolexes, —, he's Organizations: CNBC, Microsoft, Facebook, University of California, Intel, Mint, Apple, PC, PayPal, Rolex, Entertainment, Insurance, Spotify, YouTube, AppSumo, Mazda Locations: Silicon Valley, Redmond , Washington, Barcelona, Austin , Texas, Berkeley, Israel, South Korea, Philippines, Argentina, Austin, Pakistan, AppSumo

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ Expect $20-$25 billion to be wagered on this year's Super Bowl, says WashU’s Patrick Rishe
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect $20-$25 billion to be wagered on this year's Super Bowl, says WashU’s Patrick RishePatrick Rishe, Washington University in St. Louis director of sports business program and Sportsimpacts founder and president, joins 'Squawk Box' to discuss NFL sports betting landscape, the state of sports streaming, Peacock's NFL streaming surge, and more.

Persons: WashU’s Patrick Rishe Patrick Rishe, Louis Organizations: Washington University, NFL Locations: St

☆ Stocks making the biggest moves premarket: Spirit Airlines, Nvidia, Wayfair and more
▼ + stars: | 2024-01-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

This is Wayfair's third restructuring since 2022 and is expected to save the company about $280 million. Hertz — Hertz shed 2.8% on a Jefferies price target cut and downgrade to hold from buy. AMD added 1.6%, after reaching its highest-ever closing price on Thursday amid increased investor interest in the second-largest standalone GPU maker. DraftKings — Shares of the sports betting company rose more than 1% after Stifel upgraded DraftKings to buy from hold. J.B. Hunt Transport Services – Shares rose more than 3% after the company posted mixed quarterly results.

Persons: Hertz, Wells, Stifel, J.B, J.B . Hunt, Macheel, Samantha Subin, Jesse Pound Organizations: Jefferies, EV, Spirit Airlines, JetBlue, Texas, UBS, Nvidia, AMD, ESPN Bet, Hunt Transport, LSEG

Gould is more bullish than many on Wall Street, as the average price target of analysts polled by LSEG is $484.42. Analyst Harold Antor downgraded the stock to hold from buy and slashed his price target by $4 to $8. Analyst Jeffrey Stantial upgrade the sports betting stock to buy from hold and raised his price target by $5 to $45. Stantial's new price target implies shares can jump 19.9% over the next year from Thursday's close. UBS raised its rating on Texas Instruments to buy and increased its price target to $195 from $170.

Persons: Chipmakers, Wells, Bernstein, PDD, Robin Zhu, Zhu, Temu, there's, Shein, — Alex Harring, Alan Gould, Gould, Jefferies, Hertz, Harold Antor, Antor, There's, Saul Martinez, Martinez, Alex Harring, Stifel, Jeffrey Stantial, Stantial, Wells Fargo, Aaron Rakers, Mark Zuckerberg, Zuckerberg, TXN, Timothy Arcuri, FCF –, Fred Imbert Organizations: CNBC, UBS, Texas, Nvidia, Meta, PDD Holdings, Netflix, HBO, LSEG, Hertz, EV, Jefferies, HSBC, Discover, Facebook, Big Tech, Texas Instruments Locations: China, Thursday's

Beshear's national profile rose after his convincing reelection win over GOP challenger Daniel Cameron last November. The newly formed 501(c)(4) group called “Heckbent” will promote key Beshear proposals by supporting grassroots advocacy, said Eric Hyers, his chief political strategist. There was no such group to promote Beshear's agenda during his first term, when his notable legislative successes often were overshadowed by his many policy disputes with GOP lawmakers. The governor's record of legislative achievements is more checkered — something the new group will try to change with messaging that could focus on areas represented by GOP lawmakers. He's so far failed to persuade lawmakers to appropriate state funds to provide preschool for every Kentucky 4-year-old.

Persons: Andy Beshear, Daniel Cameron, Beshear, Eric Hyers, ” Hyers, Donald Trump, He's, David Osborne Organizations: —, Gov, Republican, State, GOP, supermajorities, GOP House Locations: FRANKFORT, Ky, Kentucky

☆ Jim Cramer sees buying opportunity in DraftKings as NFL playoffs ramp up
▼ + stars: | 2024-01-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday told investors there's a buying opportunity in online sports betting company DraftKings as it experiences a pullback during NFL playoff season. "Now that DraftKings has pulled back a bit from its highs over the past month-and-a-half, and after we saw the incredible public interest in the first weekend of the NFL playoffs, I'm feeling like you're getting a great buying opportunity in this stock," Cramer said. Cramer explained his bull thesis for DraftKings, starting by saying the company has the most market share in the sector. Cramer noted that DraftKings has been growing despite not being able to do business in California and Texas where sports betting is illegal. This stock also tends to do well during the NFL post-season, Cramer said.

Persons: CNBC's Jim Cramer, DraftKings, Cramer, Uber Organizations: NFL, DraftKings, Super Bowl, Mad Money Locations: California, Texas

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