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> They’ve gotten gambling legalized nearly everywhere yet are still wildly unprofitable. They're predicted to profit more than $400 million in 2025. https://f
by RandallBrown 2y ago
> They’ve gotten gambling legalized nearly everywhere yet are still wildly unprofitable.
They're predicted to profit more than $400 million in 2025.
https://finance.yahoo.com/news/draftkings-inc-nasdaq-dkng-breakeven-111140892.html https://finance.yahoo.com/news/draftkings-inc-nasdaq-dkng-br...
Somewhat like Amazon in its early days, their lack of profits was mostly because they were investing their money into growing the company. DraftKings spends hundreds of dollars to acquire each customer.