DraftKings' Live Betting Volumes Drive Growth Investments -- Market Talk

Dow Jones03-10

1121 ET - Around half of DraftKings' total volume comes from live betting and the sports wagering company is aiming to ramp up investments in that area, Benchmark analyst Mike Hickey says. The company is integrating low-latency streaming into its app to address delays in broadcasting. DraftKings has also acquired two technology companies, Simplebet and Sports IQ Analytics, to maintain and grow revenue from live betting, the company said during an investor event with Morgan Stanley last week. In February, DraftKings raised the low end and midpoint of its revenue range for 2025 due to investments in live betting, which it expects to be Ebitda positive starting in 2026. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 10, 2025 11:21 ET (15:21 GMT)

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In February, DraftKings raised the low end and midpoint of its revenue range for 2025 due to investments in live betting, which it expects to be Ebitda positive starting in 2026. 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The company is integrating low-latency streaming into its app to address delays in broadcasting. DraftKings has also acquired two technology companies, Simplebet and Sports IQ Analytics, to maintain and grow revenue from live betting, the company said during an investor event with Morgan Stanley last week. In February, DraftKings raised the low end and midpoint of its revenue range for 2025 due to investments in live betting, which it expects to be Ebitda positive starting in 2026. 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