DraftKings’ 2027 Outlook Includes $400 Million Fee Potential

Bank of America upgraded DraftKings from Neutral to Buy, kept its $27 price target and estimated the company could collect about $400 million in prediction-market fees in 2027. The forecast gives investors a concrete measure of the potential contribution from a business DraftKings is expanding alongside its sportsbook. BofA also sees a separate $200 million to $400 million opportunity from market-making activities; it did not combine that estimate with the fee forecast.