Jim Cramer: DraftKings Needs More Sports

Katherine Ross

DraftKings went public on Friday, under the ticker DKNG. 

The company is traded on the Nasdaq. 

The company has a market cap of $3.3 billion. 

“I look forward to building significantly upon our goals of continuing our state-by-state rollout and creating the most entertaining and engaging customer experiences for sports fans globally," said DraftKings Chief Executive Jason Robins in a statement.

TheStreet's Tony Owusu noted that DraftKings has about 30% of the daily fantasy sports market. The company has expanded its gambling operation with mobile and online sports betting options offered in Indiana, New Jersey, Pennsylvania and West Virginia, as well as retail locations in Iowa, Mississippi, New Jersey and New York. 

Jim Cramer gives his thoughts on the company going public and his thoughts on the NFL draft.

Watch the full video above for Cramer's full take.

Want to know what Jim Cramer and his team at Action Alerts PLUS are thinking about the markets and the stocks they're watching? Sign up on Action Alerts PLUS for more.

Cramer and the team are weighing in on what members need to know about the coronavirus pandemic's impact on the market. Here's how you can recap his entire April show.

Watch More of the Latest Videos on TheStreet and Jim Cramer

LIVE WITH JIM CRAMER - WATCH THE REPLAY
Enter your email to register or login. Registration information may be shared with advertising partners in accordance with our Privacy Policy.