Bloomberg Technology

DraftKings Profit Misses, Buys Lottery App for $750 Million

DraftKings reported fourth-quarter sales and profit that missed analysts’ projections and announced it would buy the lottery app Jackpocket for $750 million in cash and stock. DraftKings CEO Jason Robins joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology.”

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10 months ago

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DraftKings reported fourth-quarter sales and profit that missed analysts’ projections and announced it would buy the lottery app Jackpocket for $750 million in cash and stock. DraftKings CEO Jason Robins joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology.”

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1 Comment

  1. @jamesching41

    February 16, 2024 at 3:51 pm

    sports betting apps, companies, platforms etc are competing against crypto coins, other sports betting platforms and unpaid cc balances of young people!

    Reply

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