NFL Bettors Sting DraftKings, Cost Company $250 Million

By Yahoo! Finance | Nov 7, 2024 at 09:58 PM EST

DraftKings experienced a 7% drop in shares due to revised fiscal 2024 estimates impacted by NFL outcomes favoring the public, causing a $250 million revenue setback. The company's Q3 revenue matched estimates, but losses per share were below expectations.

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