DraftKings rallies after churning up record revenue as sports outcomes broke its way

2 days ago 3
Draftkings Sportsbook outside of Wrigley Field in Chicago, IL.

Joe Hendrickson

DraftKings (NASDAQ:DKNG) rose in postmarket trading after posting mixed Q2 results and revising its full-year guidance.

Revenue increased 37.3% year-over-year in Q2 to $1.51 billion, driven primarily by continued healthy customer engagement, efficient acquisition of new customers, a higher structural sportsbook hold percentage, and sportsbook-friendly outcomes. Notably, the

Read Entire Article