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DraftKings's 15min Chart Triggers Bearish Marubozu Amid Narrowing Bollinger Bands
ByAinvest
Tuesday, Sep 2, 2025 2:03 pm ET1min read
DraftKings's 15-minute chart has recently exhibited a narrowing of Bollinger Bands, accompanied by a bearish Marubozu pattern on September 2, 2025 at 14:00. This suggests a decrease in the magnitude of stock price fluctuations, indicating that sellers are currently dominating the market. Consequently, it is likely that bearish momentum will continue to prevail.
Americans are projected to wager a record $30 billion on the 2025 NFL season, according to the American Gaming Association (AGA). This substantial increase, an 8.5% rise over the revised estimated handle of $27.6 billion from last season, highlights the growing acceptance and legalization of sports betting across the United States [1].The NFL's regular season begins after Labor Day in September, presenting a significant opportunity for sports betting companies. DraftKings (DKNG), FanDuel (owned by Flutter Entertainment (FLUT)), BetMGM (MGM), and Caesars Entertainment (CZR) are among the companies expected to see growth. Since the U.S. Supreme Court's decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in 2018, 38 states and Washington, D.C., now offer regulated sports betting options [2].
The AGA's estimate includes preseason games, futures booked as early as March, the playoffs, and Super Bowl LX (February 2026). Technological advancements, such as mobile betting apps and real-time wagering opportunities, along with the increased use of artificial intelligence and data analytics, have contributed to the surge in betting activity [3].
DraftKings' stock chart has recently shown a narrowing of Bollinger Bands, accompanied by a bearish Marubozu pattern on September 2, 2025, at 14:00. This pattern suggests a decrease in stock price fluctuations, indicating that sellers are currently dominating the market. Consequently, it is likely that bearish momentum will continue to prevail.
In conclusion, the $30 billion expected to be wagered on the 2025 NFL season is a testament to the growing acceptance and legalization of sports betting in the United States. This surge in betting activity is poised to benefit sports betting companies and contribute to the overall growth of the sports betting industry.
References:
[1] https://www.prnewswire.com/news-releases/aga-estimates-30-billion-in-legal-wagering-on-2025-nfl-season-302540331.html
[2] https://cdcgaming.com/american-gaming-association-estimates-30-billion-will-be-wagered-on-nfl-in-2025/
[3] https://www.globenewswire.com/news-release/2025/08/28/3140920/28124/en/Sports-Betting-Market-Forecast-and-Company-Analysis-Report-2025-2033-Featuring-888-Bet365-Bet-at-Home-Betfred-Betsson-DraftKings-Entain-Flutter-International-Game-Technology-Kindre.html
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