DraftKings Scores Record Revenue, Raises 2023 Outlook

DraftKings


reported stronger than expected revenue and raised its outlook for 2023. Its business is getting a boost as more states legalize sports gambling.

The gambling firm reported fourth quarter revenue of $855 million and a loss of 53 cents a share. Wall Street expected an adjusted loss of 46 cents a share on sales of $801 million, according to FactSet.