DraftKings CEO Not Seeing Negative Impact in Light of Inflation as Company Stock Crashes

Written by:
Aaron Goldstein
Published on:

DraftKings CEO Jason Robins was making the media rounds last week to discuss his company's final integration of the Golden Nugget brand and what it means for further growth.  He also talked inflation and California.


  • DraftKings Completes Acquisition of Golden Nugget Online Gambling Biz - Robins sees no impact on inflation and consumers betting habits.
  • Robins feels highly confident that sports betting will make its way onto a California ballot initiative and that it will pass.
  • He also discounted the poor performance in DraftKings stock price, which dropped 8.90% on Friday.
  • DraftKings (DKNG) is down 53% year-to-date and is 80% off its 52-week high with investors bailing out on high-growth companies that are burning cash.

- Aaron Goldstein, Gambling911.com

Video News News

Sean Strickland vs Alex Pereira | UFC 276 Predictions

Rashad Evans and Mystic Zach share their predictions for one of the big fights in this UFC 276 card: Alex Pereira vs Sean Strickland.

Negreanu Goes All InSANE: "People Who Live in Glass Houses"

Violent outburst comes just weeks after Negreanu lambasted Phil Hellmuth for "acting like a child"

Longshot Pick for This Week's Traveler's: Brendan Steele at 66-1

Longshot Pick for This Week's Traveler's: Brendan Steele at 66-1

After picking a Longshot Winner at last weekend's U.S. Open, Keith Stewart is back with his picks for the Travelers Championship as he sits down for this broadcast of BetOnline All Access.

Jake Paul vs. Tommy Fury Betting Odds

Jake Paul vs. Tommy Fury Betting Odds Unveiled

This fight is official for August 6, 2022 with both fighters priced at -115.

Colorado Avalanche vs Tampa Bay Lightning Game 3 (6-20-22) NHL Picks, Odds

The two-time defending champs need to get their act together in the Sunshine State or this series could be over before they know it. Will the Lightning rise up in front of their home fans or are they about to be crushed?