In a big bounce-back day for the overall markets, investors continued to take a gamble on DraftKings Inc (NASDAQ:DKNG).

3 Big Betting Trends The rally in the online sports betting website's stock is in part attributed to an encouraging webinar its CEO Jason Robins hosted on Friday. The CEO highlighted three encouraging trends to support the long-term sports betting industry, according to Legal Sports Report:

More Gambling Opportunities In a separate interview with Barron's, Robins highlighted a shift in focus whereby the sports betting company will offer more in-game betting opportunities.

Taking a look at the United Kingdom, around 75% of revenues come from in-game wagering versus the U.S. market where it is "much lower."

"You can bet on almost anything in an EPL (English Premier League soccer) game including who will get the next yellow card," he told Barron's. "Arguably, U.S. sports like baseball are better built for this."

The stock closed Tuesday's session higher by 14.7% at $33.39 per share. The stock was trading under $20 a share as recently as April 30.

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Analyst Likes DraftKings As Public Embraces Legal Sports Betting

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