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Citi initiates DraftKings as a buy, says sports betting stock can jump nearly 40%

Published Mon, Oct 11 20216:20 AM EDTUpdated Mon, Oct 11 202110:23 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

Pavlo Gonchar | LightRocket | Getty Images

The maturing sports betting market should reveal the strength of DraftKings and push the stock higher, according to Citi.

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