1021 ET - It looks like DraftKings is having better-than-expected success with its structural hold, or the cut of money it makes after paying out winning bets, Mizuho analysts say in a research note. Hold in 4Q was 11.2% and the company is targeting 11% for 2025, up from 10.5% in 2024. That's in line with previous commentary, but still likely better than feared following some residual concern that low hold rates could lead to a guidance cut, the analysts say. Following the Eagles win at the Super Bowl, DraftKings is seeing hold of 13% so far in February, the analysts say. DraftKings surges 12% to $52.18. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 14, 2025 10:21 ET (15:21 GMT)
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