08-05-2025 23:44 via rocketnews.com

DraftKings says lack of March Madness upsets kept it from raising its forecast, but shares rally

Sports-betting platform DraftKings Inc. reported a narrower-than-expected loss for the first quarter, but said that “customer-friendly sport outcomes in March” — that is, people winning bets — kept it from raising its full-year sales outlook.
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