DraftKings to Report Earnings on Friday
Published on:
Aug/04/2022
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
