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:

What do you think?

50 points
Upvote Downvote

Written by SportsTech

Leave a Reply

Your email address will not be published. Required fields are marked *

Dwight, Iguodala, and Deng: 2004 NBA Redraft

‘A big part of this is social responsibility’: How a Texas ad agency is returning to the office