2 months ago

Sports Betting Industry in Focus After DraftKings Raises 2022 Revenue Gudiance

Cheddar News
Cheddar News
The sports betting industry is in focus after several big-name companies in the space reported financial results last week, including DraftKings, Caesars Entertainment, MGM, and Penn National Gaming, with each telling a slightly different story. While Caesars and Penn forecast weaker growth, DraftKings did the opposite, raising its full-year 2022 revenue guidance to a range of $2.08 billion to $2.18 billion. Brett Sifling, Director of Get Invested for Gerber Kawasaki Wealth & Investment Management, joins Cheddar News' Closing Bell to discuss.