DraftKings revenue jumps 57% as sportsbook leader grows customer base
Publishing timestamp: 2023-11-02 18:09:24
Summary
DraftKings reported quarterly revenue of $790 million, surpassing analysts' expectations. The company saw a 57% increase in revenue and a 40% increase in monthly unique payers compared to the previous year. DraftKings attributed its growth to expansion into new jurisdictions and increased engagement from existing customers. The company also overtook rival sportsbook FanDuel to become the leader in the U.S. online gambling market. DraftKings raised its revenue guidance for fiscal years 2023 and 2024.
Sentiment: POSITIVE
Tickers: DKNG,
Keywords: united states, soccer, business news, breaking news: business, earnings, entertainment, sports betting, basketball, business, media, draftkings inc, sports,
Source: https://www.cnbc.com/2023/11/02/draftkings-dkng-earnings-q3-2023.html