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DraftKings posts second quarter revenue growth but losses widen

14th August 2020 2:20 pm GMT
DraftKings

New York-listed DraftKings has reported a 24 per cent increase in revenue to $70.9m for the second quarter of 2020, despite the impact of the COVID-19 pandemic on the sports calendar during the period.

The revenue growth includes results from B2B sports betting supplier SBTech from 24 April. On a pro forma basis, which assumes that DraftKings’ business combination with SBTech had been completed on 1 January 2019, revenue would have been down 10 per cent [...]

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