DraftKings and Penn Entertainment rally after sports betting data comes in strong

Oct. 17, 2022 2:19 PM ETDraftKings Inc. (DKNG), PENNMGM, CZR, GMVHF, PDYPY, PBTHF, RSIBy: Clark Schultz, SA News Editor6 Comments

Winning bet on sporting event, money in sport and sports betting conceptual idea with baseball glove, football, soccer ball and wad of cash isolated on green background

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All indications are that sports betting is not a casualty of consumers pulling back on spending due to macroeconomic pressures.

Early September gaming revenue reports out of New York, Indiana and Iowa have looked strong enough

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