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DraftKings to Report Earnings on Friday

Written by:

C Costigan

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

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