DraftKings Posts Q1 Financial Results

Increased RevenueDraftKings has posted its Q1 results of of $769.6 million in revenue, though its net loss totals $397.1 million. It also posted a net $221.6 million adjusted EBITDA loss.  If you are not sure what EBITDA stands for its Earnings Before Interest, Taxes, Depreciation, and Amortization.

DraftKings CEO Jason Robins says these results proves that DraftKings is positioned for sustained success in the long run. Ever since its inception DraftKings has been very aggressive in marketing and gaining new customers. He feels they can deliver profitability in the near term and deliver long term value for their shareholders. One drawback is that DraftKings is not available for every USA player. And even if you can legally play on DraftKings there are many reasons why one of our recommended USA online casinos is a great place for you to play at for real money.

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