DraftKings to Report Earnings on Friday

Written by :

C Costigan

Published on :

4 August, 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

ClubWPT Gold Shuts Down in Nevada

The announcement coincided with news that all purchases on the site will cease immediately, postal requests will no longer be accepted and sweepstakes game play will no longer be available effective this coming Monday September 28, 2026.

Groundbreaking Ceremony for New Hotel at Hollywood Casino Kansas Speedway

The Kansas City Chiefs are expected to open their new stadium in Village West close to the Hollywood Casino and Speedway in 2031.

Networking and Innovation: The Real Value of Attending iGaming Events

Discover how iGaming conferences drive innovation, foster key industry connections, and offer unmatched growth opportunities for professionals and businesses.

How BetMGM Is Raising the Bar for Online Casino Gaming

In a continuously crowded iGaming industry, BetMGM Online Casino has taken action and emerged as a dominant force within the sector. They have achieved this by setting new standards for what gamblers can expect from the online casino sites of today.