DraftKings Bets on Live Betting with Outlook Raise -- Market Talk

Dow Jones

2025/02/14

1038 ET - DraftKings raised its 2025 revenue guidance by $50 million at the midpoint, a lift largely attributed to investments in the company's live betting operations, Benchmark analyst Mike Hickey says in a research note. Part of that investment was its acquisition of Simplebet, which is expected to enhance its live-betting capabilities and product offerings, the analyst says. Simplebet's technology is expected to boost DraftKings's parlay handle mix and structural sportsbook hold percentage, or the cut of money it makes after paying out winning bets, the analyst says. DraftKings surges 14%.(dean.seal@wsj.com)

(END) Dow Jones Newswires

February 14, 2025 10:38 ET (15:38 GMT)

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Part of that investment was its acquisition of Simplebet, which is expected to enhance its live-betting capabilities and product offerings, the analyst says. Simplebet's technology is expected to boost DraftKings's parlay handle mix and structural sportsbook hold percentage, or the cut of money it makes after paying out winning bets, the analyst says. DraftKings surges 14%.(dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 10:38 ET (15:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Bets on Live Betting with Outlook Raise -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Bets on Live Betting with Outlook Raise -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-14 23:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1038 ET - DraftKings raised its 2025 revenue guidance by $50 million at the midpoint, a lift largely attributed to investments in the company's live betting operations, Benchmark analyst Mike Hickey says in a research note. Part of that investment was its acquisition of Simplebet, which is expected to enhance its live-betting capabilities and product offerings, the analyst says. Simplebet's technology is expected to boost DraftKings's parlay handle mix and structural sportsbook hold percentage, or the cut of money it makes after paying out winning bets, the analyst says. DraftKings surges 14%.(dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 10:38 ET (15:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511692896","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511692896","pubTimestamp":1739547480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1038 ET - DraftKings raised its 2025 revenue guidance by $50 million at the midpoint, a lift largely attributed to investments in the company's live betting operations, Benchmark analyst Mike Hickey says in a research note. Part of that investment was its acquisition of Simplebet, which is expected to enhance its live-betting capabilities and product offerings, the analyst says. Simplebet's technology is expected to boost DraftKings's parlay handle mix and structural sportsbook hold percentage, or the cut of money it makes after paying out winning bets, the analyst says. DraftKings surges 14%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4150":"赌场与赌博","DKNG":"DraftKings Inc.","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4565":"NFT概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股"},"translate_title":"DraftKings押注现场投注并上调前景——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"1038 ET - DraftKings raised its 2025 revenue guidance by $50 million at the midpoint, a lift largely attributed to investments in the company's live betting operations, Benchmark analyst Mike Hickey says in a research note. Part of that investment was its acquisition of Simplebet, which is expected to enhance its live-betting capabilities and product offerings, the analyst says. Simplebet's technology is expected to boost DraftKings's parlay handle mix and structural sportsbook hold percentage, or the cut of money it makes after paying out winning bets, the analyst says. DraftKings surges 14%.(dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 14, 2025 10:38 ET (15:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}