DraftKings revenue falls despite betting growth as Predictions expansion accelerates
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DraftKings reported weaker second-quarter revenue even as more customers placed bets and used its platform. Favorable sports results for bettors and heavier promotional spending to attract new users reduced the online gambling company’s revenue and profitability during the quarter.
The Boston-based operator posted revenue of $1.44 billion for the three months ended June 30, down 5% from $1.51 billion a year earlier. The company said bettor-friendly outcomes and increased promotional rei
The Boston-based operator posted revenue of $1.44 billion for the three months ended June 30, down 5% from $1.51 billion a year earlier. The company said bettor-friendly outcomes and increased promotional rei
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