DraftKings CEO Says Those Who Sell Company’s Stock Will ‘Regret that Decision’

This week DrafKings CEO Jason Robins has vowed that people who are selling his company’s stock will “regret that decision.”

Robins wrote the following message on Twitter: “If you sold #DKNG today, just be aware that my team and I are on a mission to make you regret that decision more than any other decision you’ve ever made in your life.”

The post had drawn around 2,000 likes by press time on Wednesday, and was quoted or retweeted about 500 times.

The CEO has been dismissive of the company’s shares sinking. “It’s a wild market right now. I think what we’re doing has been very consistent since day one,” Robins said on CNBC in February.

“I think the model’s working, and we’ll play the long game here.”

It was also in February that DraftKings disclosed that Robins’s total compensation in 2021 was $14.03 million, down from $236.83 million in 2020.

During the company’s latest earnings call, Robins advocated for more states to legalize sports betting, and specifically urged legalization in California, the most populous state in the country.

According to the CEO, the tax revenue that California would receive from legalizing sports betting would directly benefit ‘homelessness and mental health’ in the state.

Currently thirty U.S. states and Washington, D.C. now offer some form of legalized sports wagering, according to the latest tally from the American Gaming Association.

DraftKings stock is down more than 43% over the past three months, and down 72.1%.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.