$Penn: Getting Portnoy for Free!

$PENN Gaming:  Getting Portnoy for FREE

Draftkings peaked in March at a near $30b valuation.  The company has “medium” term targets of about $1.7 in annualized EBITDA as the U.S. opens more states to OSB and I-Gaming for a total TAM of $25 billion in OSB and $40 billion in I-Gaming.  Draftkings assumes their market share will be about 25% given their bra…