During the first-quarter earnings call, the CEO of DraftKings disclosed that the sportsbook will introduce a cash-out feature for same-game parlays at a later time in the year.
The news that DraftKings had surpassed its forecasts for the first quarter of 2024 preceded the update.
Furthermore, those estimates do not take into consideration the effects of the business's acquisition of Jackpocket.
With the acquisition of the lottery app, which it agreed to buy in February for $750 million, DraftKings said it anticipates generating an extra $340 million in gross revenue annually. Following the closing of the transaction, the company says this will be included in its full-year guidance.
The news that DraftKings had surpassed its forecasts for the first quarter of 2024 preceded the update.
Furthermore, those estimates do not take into consideration the effects of the business's acquisition of Jackpocket.
With the acquisition of the lottery app, which it agreed to buy in February for $750 million, DraftKings said it anticipates generating an extra $340 million in gross revenue annually. Following the closing of the transaction, the company says this will be included in its full-year guidance.
