ToplineShares of daily fantasy and sports-betting company DraftKings surged by over 16% on Monday after the company announced a new partnership with sports entertainment giant ESPN. Angela Rowlings/MediaNews Group/Boston Herald via Getty ImagesKey FactsDraftKings is set to become the exclusive provider of daily fantasy sports and co-exclusive partner for gambling link-outs from ESPN, the company announced on Monday. What To Watch ForWall Street analysts are quite bullish on the stock, which currently trades for just over $47 per share. Further ReadingDraftKings Shares Skyrocket Thanks To Bets On Table Tennis, Korean Baseball (Forbes)NBA Great Michael Jordan Tapped As ‘Advisor,’ Part Owner Of Sports Betting’s DraftKings (Forbes)What Are People Betting On With Most Sports On Hiatus? Try Russian Table Tennis, Korean Baseball And More (Forbes)

Source: Forbes September 14, 2020 19:07 UTC