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Online sportsbook launches drive DraftKings’ Q1 revenue growth

15th May 2020 1:36 pm GMT
DraftKings
SBTech

New York-listed DraftKings has reported a 30 per cent increase in revenue to $88.5m for the first quarter of 2020, prior to the completion of its business combination with SBTech and Diamond Eagle Acquisition Corp in April.

DraftKings’ revenue growth was driven by the launch of its online sportsbook offering in Indiana, New Hampshire, Pennsylvania, West Virginia and Iowa, coupled with continued growth in customer engagement through February, before the COVID-19 outbreak resulted in the cancellation [...]

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