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

Dow Jones

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

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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>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4565","symbol_name":"NFT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. 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DraftKings surges 14%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4565":"NFT概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","DKNG":"DraftKings Inc.","BK4150":"赌场与赌博","BK4585":"ETF&股票定投概念"},"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":1}}}