DraftKings Hold Fell To 6.8% As Q2 Handle Rose 15%
DraftKings’ sports net revenue margin fell to 6.8% in the second quarter from 8.7% a year earlier. Sports consumer volume rose 15% to $13.1 billion while sports revenue fell 10.6% to $891.9 million. Adjusted EBITDA fell to $114.6 million from $300.6 million and the company … Read more