Online sports-betting company DraftKings posted higher-than-expected revenue for the start of this year’s football season and said its customer base continued to grow
Online sports-betting company DraftKings Inc. posted higher-than-expected revenue for the start ofand said its customer base continued to grow amid competition for gamblers.
The company reported revenue of $502 million for the three-month period ended Sept. 30, more than double its revenue in the same period last year. Strong customer acquisition and retention, expansion into new states, such as Kansas, and reduced customer promotions fueled the growth, the company said. Sports-betting operators have also won more from customers’ bets this National Football League season because the outcomes of games have favored the sportsbooks.
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