DraftKings to Report Earnings on Friday

Written by :

C Costigan

Published on :

4 August, 2022

DraftKings was set to report its 2022 Q2 earnings ahead of Friday's opening market bell.

Estimates calling for an adjusted loss of $0.82 per share on revenue of $438.3 million.

Pressure is mounting on DraftKing as rival FanDuel reportedly has close to 2.5 times the market share.

FanDuel accounted for an estimated 47% of gross gaming revenues for US online sports-betting during the three months ending May 2022, according to a July report by industry research firm Eilers & Krejcik Gaming (EKG) while DraftKings accounted for 20%.

Neither company is believed to be profitable.

Shares of DraftKings (DKNG) have gained 18.5% over the past four weeks to close the last trading session at $15.37.

- Chris Costigan, Gambling911.com Publisher

Latest Iran Conflict Betting Markets as Strait of Hormuz Reopens

Iranian Foreign Minister Abbas Araghchi posted on X that the passage for all commercial vessels through the strait “is declared completely open” with U.S. President Donald Trump making his own announcement via Truth Social.

Suit Against Dave & Busters in South Carolina Court Claims Arcade Games Are Unlawful Gambling

A state advocacy group filed a suit in the District Court of South Carolina Florence Division late Wednesday April 15 arguing the chain’s games function as unlawful gambling rather than entertainment.

Fanatics Markets Unveils Combos

Just in time for basketball’s postseason, Fanatics Markets is introducing a bigger way to trade with Combos.

Curacao Is Still the Most Popular Gambling License. But the Rules Have Changed

If you have spent any time around the online gambling industry, you have heard the same pitch for Curacao a hundred times: cheap, fast, easy. For years that pitch was essentially accurate.