DKNG, HOOD, and FLUT are all tickers to watch this month
Sports betting stocks are in the spotlight as March Madness drives a surge in wagering activity, with DraftKings Inc (NASDAQ:DKNG), Robinhood Markets Inc (NASDAQ:HOOD), and Flutter Entertainment PLC (NYSE:FLUT) all making notable moves. The annual college basketball tournament is one of the biggest betting events of the year, and investors are closely watching these stocks for signs of sector momentum.
DraftKings stock was last seen up 1.5% at $39.09, though it has cooled off in recent weeks. After hitting a two-and-a-half-year high of $53.61 on Feb. 14, the stock has pulled back more than 27%. Despite this dip, DKNG remains nearly 5% higher year-to-date.
Robinhood is generating buzz with its recent push into sports betting through the launch of Robinhood Sports. While still in its early stages, the expansion has fueled optimism about new revenue streams. HOOD was last seen 1.9% higher at $43.66, after climbing to a nearly four-year high of $66.91 on Feb. 13 before retreating to the $36 area earlier this month. The stock is regaining momentum, now up 17.1% in 2025 and boasting a 135.4% year-over-year lead.
Meanwhile, shares of Flutter Entertainment, the parent company of FanDuel, were up 1.5% at $244.82 at last check, as the company continues to dominate the U.S. online sports betting market. FLUT reached an all-time high of $299.73 on Feb. 14 but has since pulled back, now down 5.4% year-to-date.