Friday, January 14, 2022

Sports betting stocks have tanked this year

Action Network:

DraftKings finished the day down 4.3% to $23.19. It put DraftKings down 56.8% year over year ... 

Penn National, owner of Barstool, finished the day down 2.8% to $44.45. PENN is down 55.1% year over year ...

Rush Street Interactive, which owns the BetRivers brand, saw the biggest drop — down 6.1% on the day. That stock is also down more than 50% on the year