DraftKings CEO Sees 'Turning Point' For Sports Betting As Awareness In US Grows

Benzinga 2024-11-08

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DraftKings CEO Jason Robins shared with CNBC's Jim Cramer on Thursday that more Americans recognize sports betting as a legal activity, and he sees a turning point as public awareness grows. He anticipates that major states like California, Florida, and Texas may legalize betting. DraftKings lowered its 2024 revenue forecast, causing shares to drop nearly 6% in after-hours trading. The adjustment reflects lower expected revenue following favorable betting outcomes for customers in the early fourth quarter.

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