Jefferies

By Josh Pearson , 24 February 2026

Investment bank Jefferies has issued a bullish outlook on leading U.S. online gaming operator DraftKings, projecting potential upside of more than 75 percent from current trading levels. The forecast reflects accelerating growth in digital casino revenue, expanding state legalization and improving operating leverage across the interactive segment. Analysts argue that while sports betting has historically dominated investor attention, online casino gaming offers superior margins and stronger lifetime customer value.