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DraftKings Reported Strength Across All Segments In Q1 Earnings

DraftKings reported a strong first quarter with improved sportsbook margins, growing online casino revenue and an aggressive push into sports prediction markets. The Boston-based operator reported revenue of $1.65 billion in the first quarter, a 17% year-over-year jump, up from $1.41 billion. Adjusted EBITDA rose 64% to $168 million and the company posted net income […]
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