According to a report by Zion Market Research, the global online. Josh is a reporter and producer for Yahoo Finance. These platforms allow fans to place bets from anywhere, at any time, and have helped to drive significant growth in the industry. From 2017 through 2021, the US sports betting. “They've got a pretty good outlook for state launches this year, so that should allow them to leverage their advertising spend better.” In 2021, the market for sports betting in the US was valued at 3.7 USD billion, or 4 of the total industry. “The outlook's all about: Are they able to go and be able to prove to the Street that they can actually generate and grow this business profitably?” Jed Kelly, Oppenheimer managing director of equity research for consumer internet, told Yahoo Finance. betting agency will pay out on a winning bet, together with the required. Wall Street is expecting DraftKings to report a loss of $112.42 million. dollars (the 6 in the expression), or 6×1 plus the 1. Online gambling operator DraftKings ( DKNG), which reported an Adjusted EBITDA loss of $326.29 million in the fourth quarter of 2021, is set to report earnings for the fourth quarter of 2022 on Thursday after the market close.
