New York Mulls Online Betting, Pushing Penn and DraftKings Higher By Investing.com
By Christiana Sciaudone Investing.com -- Time to roll the dice.Penn Gaming and DraftKings Inc (NASDAQ:DKNG) rallied Friday on the tantalizing possibility that New York will legalize online gambling. There are issues over how the industry will be run and who will oversee it, but "the industry as a whole would benefit from the momentum of the fourth most populous state legalizing online betting,"...
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