TLDR
- DraftKings launched its online sportsbook in Puerto Rico on February 23, 2026.
- Customers must register in person at Foxwoods El San Juan Casino to access the online platform.
- Features include same-game parlays, in-game wagering, and odds boosts across MLB, NFL, and NBA.
- DKNG stock is trading near its 52-week low of $21.01, down 51% over the past year.
- A company director recently purchased 100,000 Class A Common Stock worth approximately $2.19 million.
DraftKings (DKNG) officially launched its online sportsbook in Puerto Rico on Monday, February 23, expanding its footprint in the U.S. territory.
The launch follows the opening of a retail sportsbook at Foxwoods El San Juan Casino back in November. The two now operate side by side at the same location.
There’s a catch for new users, though. To access the online platform, Puerto Rico residents must first register in person at the Foxwoods El San Juan Casino. Remote sign-ups are not an option.
Once registered on-site, customers get full access to the digital platform. That includes same-game parlays, in-game wagering, and odds boosts.
Supported leagues include the NFL, MLB, and NBA, among others. Non-residents can only place wagers at the physical retail location.
“Puerto Rico has a passionate sports community and launching our online sportsbook allows us to meet fans where they are,” said Gregory Karamitis, DraftKings Executive Vice President and General Manager of Sports.
DraftKings now operates mobile and retail sports betting across 29 states, Washington D.C., Puerto Rico, and Ontario, Canada.
The company also runs iGaming in five U.S. states and Ontario under its DraftKings and Golden Nugget Online Gaming brands.
Stock Near 52-Week Low
While the business keeps expanding, the stock tells a different story. DKNG is trading near its 52-week low of $21.01, down 51% over the past year.
Despite that, the company posted gross profit margins of 76% and reached profitability over the last twelve months, according to InvestingPro data.
Analysts remain divided. Truist Securities cut its price target from $45 to $33 but kept a Buy rating. Stifel also trimmed its target, from $44 to $40, pointing to promotional costs and guidance concerns.
Citizens held its Market Outperform rating with a $38 price target, citing a 4% increase in overall handle in January. BofA Securities kept a Neutral rating with a $27 price target.
Insider Activity and Earnings
DraftKings reported Q4 earnings that beat expectations, but the company’s forward guidance was cautious, which put pressure on analyst targets.
On the insider front, company director Harry Sloan bought 100,000 Class A Common Stock for roughly $2.19 million.
That purchase brought Sloan’s total holdings to 350,219 shares. It’s the kind of move that tends to get attention when a stock is sitting near its lows.
DraftKings also offers responsible gaming tools including My Budget Builder and My Stat Sheet through its Responsible Gaming Center.
The company investor day is upcoming, with BofA Securities noting it ahead of reiterating its Neutral rating and $27 price target.
DKNG stock is currently trading near its 52-week low of $21.01.
