Watch DraftKings Thrives as Sports Betting Booms - Bloomberg
23 hours ago · November 14th, 2024, 2:34 AM GMT+0000. Since a 2018 Supreme Court decision legalized sports betting in the US, it's become a $10 billion industry. Boston-based DraftKings is a leader in the sector ...
DraftKings’ Rookie CFO Has Eventful Start With M&A, Fee Reversal
12 hours ago · Sports betting is now legal in some form in 38 states and the District of Columbia, according to the American Gaming Association, Americans bet $119.8 billion on sports in 2023, with operators reaping $10.92 billion in revenue. DraftKings is poised to gain as more states legalize online casino gambling, or iGaming.
DraftKings CEO: Sports betting is at 'important inflection point'
Nov 7, 2024 · DraftKings CEO Jason Robins said the sports betting industry is at a turning point as more people across the country realize they can gamble legally. “We’re at a very, you know, important ...
DraftKings thrives on sports betting boom - MarketScreener
9 hours ago · DraftKings thrives on sports betting boom. November 14, 2024 at 06:45 am EST. DraftKings, a major player in sports betting in the United States, recorded a profit for the first time in the second quarter of 2024 since its IPO. Although this performance was not repeated in the following quarter, it has strengthened the company's financial outlook.
DraftKings Pulls Back on FY24 Guidance Despite Q3 Revenue …
Nov 8, 2024 · Sports betting giant reported a net income loss of $293.7 million in Q3 as the revenue costs reached $742.4 million, up 36.7% year-over-year. The return of the NFL season drove a strong third ...
DraftKings Earnings Call Takeaways: Promos, NBA, Elections
2 days ago · As it stands now, DraftKings believes it will close out the fiscal year with total revenue in the range of $4.85 billion to $4.95 billion, down from a projected $5.05 billion to $5.25 billion this ...
DraftKings: Taxes Are Yesterday's News, This Is Tomorrow's
3 days ago · The DraftKings payment to Amazon for exclusive sponsorship of Thursday Night Football betting alone is as high as $15 to $20 million. And that is only for one weeknight in one sport.
Chief Future Officer: Alan Ellingson, DraftKings - Bloomberg
23 hours ago · A priority for 2024 has been M & A. DraftKings has bolstered its sports betting portfolio with deals, buying odds provider Sports IQ and in-game betting platform SimpleBet.
Fantasy sports and betting advice, analysis, & picks | DraftKings …
Nov 7, 2024 · All the latest DFS, fantasy, and sports betting news, analysis, and strategy for NFL, NBA, MLB, NHL, and NCAA.
The NBA Announces Expanded Sports Betting and Daily Fanta...
This agreement grants DraftKings expansive NBA rights and assets to integrate within its sports betting, daily fantasy sports, iGaming and free-to-play products and promotional offerings.