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DraftKings Shows 30% Q1 Upswing In Sports Betting Revenue, Does Not Expect Long-Term COVID-19 Hit

DraftKings reported a 30% upswing in first-quarter revenue from its core sports betting operations as wider legalization offset the impact of COVID-19. Revenue hit $88. 5 million as net losses widened to $68. 7 million from $29. 6 million in the year-ago quarter. The company is newly consolidated, so the numbers stem from previously separate technology and wagering operations, making year-to-year comparisons inexact.

Read more at:
https://deadline.com/2020/05/draftkings-shows-30-q1-upswing-in-sports-betting-revenue-does-not-expect-long-term-covid-19-hit-1202935638/

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