‘Free’ Money Days are Over, but Sports-Betting Hold Can Rise, DraftKings CEO Tells Shareholders

‘Free’ Money Days are Over, but Sports-Betting Hold Can Rise, DraftKings CEO Tells Shareholders ‘Free’ Money Days are Over, but Sports-Betting Hold Can Rise, DraftKings CEO Tells Shareholders

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The chief executive officer of DraftKings Inc. is warning investors that money no longer grows on trees but adding that the Boston-based operator of online sports betting sites is still confident about its future and future win rate with parlay-happy customers. 
"The financial world changed in 2022," DraftKings CEO Jason Robins wrote in a letter to shareholders released Thursday. "Gone are the days of 'free' money. Gone are the days when investors would accept outsized losses as long as revenue grew or share increased."  DraftKings has learned this lesson the hard way. While shares of the company are up for...
Source: https://www.covers.com/industry/draftkings-online-sports-betting-hold-q4-results-february-2023