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DraftKings raises 2021 guidance after Q4 revenue soars

1st March 2021 8:43 am GMT

New York-listed sports betting and fantasy sports operator DraftKings has reported a 90 per cent increase in revenue to $614.5m in 2020, with over half of the total generated during the final quarter of the year.

Revenue in Q4 2020 soared by 146 per cent year-on-year to $322m as major US professional sports leagues resumed activities, with the operator also benefiting from increased engagement with its iGaming products.

On a pro forma basis, which assumes its business [...]

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