Why Shares of DraftKings Fell and DISH Network Rose Today

Rich Duprey, The Motley Fool
·2-min read
Why Shares of DraftKings Fell and DISH Network Rose Today

Shares of DraftKings (NASDAQ: DKNG) fell 4% on Wednesday after announcing a partnership with DISH Network (NASDAQ: DISH) to incorporate its sports betting and daily fantasy-sports operations into the satellite TV service. The direction for DraftKings' stock seems surprising. The partnership with DISH vastly expands DraftKings' exposure to potential sports bettors by putting it in front of DISH's subscribers who have its Hopper DVR set-top box.