DraftKings Lowers Revenue Projections Amid NFL Betting Payouts
DraftKings has adjusted its revenue and EBITDA projections after facing unexpected losses from NFL betting, reducing expected revenue by $250 million. Nonetheless, the company reported $1.1 billion in Q3 revenue, showing resilience in online sports betting and iGaming. DraftKings remains optimistic for future growth with continued strategic expansions.
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