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DraftKings Tumbles On New NFL Covid Cases, Secondary Offering Price

DraftKings stock sank Wednesday amid reports of new coronavirus infections in the NFL and a weak pricing for a secondary offering.

The New England Patriots, Tennessee Titans and Las Vegas Raiders had players test positive for Covid-19, according to reports Wednesday.

Sports betting companies like DraftKings (DKNG) are anxiously hoping the NFL can complete its season after a rash of COVID-19 cases swept the league recently.

The Tennessee Titans suffered an outbreak in which 20 players tested positive a couple of weeks ago. In the last round of testing, several other players in the league also tested positive.