How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.
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DraftKings reported a $250 million revenue loss, primarily due to favorable NFL game outcomes for customers. The CEO described it as the most customer-friendly period in NFL sports outcomes the company has experienced.
November 09, 2024 | 12:15 pm
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DraftKings reported a significant $250 million revenue loss, largely attributed to NFL games with outcomes that favored customers. This unusual trend in game results has impacted the company's financial performance.
The $250 million revenue loss is significant and directly linked to NFL game outcomes, which are a major part of DraftKings' business. Such a loss is likely to negatively impact investor sentiment and the stock price in the short term.
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