draftkings sports betting customer service

“Overall, spending was higher than it was in some of the more mature states like New Jersey,” said DraftKings CEO Jason Robins on the post-earnings conference call. Louisiana and New York are the two most recent states to allow online and mobile sports betting this year. Indeed, DraftKings also reported quarterly revenue up 47% over the comparable 2020 quarter but also increased user acquisition costs, as multiple mobile wagering companies compete in states as they incrementally allow mobile sports betting. We still think the core business model is profitable in the long term.” “This is a good re-evaluation, a reality check.

“It’s important to not get caught up in the short-term losses,” said Tom Mancuso, CEO of The BAD Investment Co, which allocates one-third of its portfolio to gambling stocks. Additionally, DraftKings increased full-year 2022 revenue guidance to $1.85bn to $2bn, from the previous $1.70bn to $1.90bn.īut the downward 2022 loss guidance was increased to an $825m to $925m range from $570m estimates, sending DraftKings shares sharply lower amid a broader market sell-off.

DraftKings (Nasdaq: DKNG) 2-year stock performance - Photo: Koyfin Downward loss adjustmentīefore the market open, DraftKings reported a narrower-than-expected $326.2m (£239.8m) fourth-quarter 2021 loss, or $0.35 per share, on $473m in revenue, topping the $445m expected.

Draftkings sports betting customer service