DraftKings and Flutter Leverage AI for Enhanced Betting Experiences

Digital gaming firms like DraftKings (DKNG) and Flutter Entertainment (FLUT) are gaining traction in the traditional gambling market by embracing new technologies like AI-powered bet personalization. iGaming offers better economics than traditional casinos, as it doesn`t require the same level of security investments, venue upkeep, floor staff, or dealing with cheaters. Additionally, there`s less friction between gamblers and the digital sportsbook or slot machine. Both DKNG and FLUT have strong buys from analysts and average analyst price targets that suggest over 32% of expected upside over the year ahead. Despite recent dips, their long-term narratives have never looked better. DraftKings` second-quarter earnings are due on August 1st, and it`s expected to be challenging to top the 53% year-over-year revenue growth posted in the first quarter.