DraftKings released its latest financial records, and some startling numbers show good news and bad for the sports marketplace giant.
DraftKings saw second-quarter revenues increase 297% year-over-year to $298 million. Despite the surge in revenue, the company took another loss in the third quarter, $305.5 million.
The second quarter saw DraftKings see a $520.2 million loss. The losses continue as DraftKings is working to expand as sports betting companies compete for users.
DraftKings operates in 12 states, representing a quarter of the U.S. population. The company also has a rising iGaming business, which is active in four states.
See the company’s financial report below
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Author: David Keech
David Keech is a retired teacher and works as a sportswriter, sports official and as an educational consultant. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]
