Faster-Than-Expected Revenue Growth Has DraftKings Raising Targets for 2022

DraftKings (NASDAQ: DKNG) reported fiscal 2022 first-quarter earnings before the markets opened on Friday, May 6. The online gambling company raised its targets for the rest of the year after experiencing better-than-expected results in Q1. 

DraftKings offers mobile sports betting, online gambling, and daily fantasy sports across the U.S. and will soon enter the Canadian market. The nature of its service means it requires approval in each jurisdiction before it can start accepting customers from the region.

Let's look closer at the Q1 figures and see what has DraftKings optimistic for the rest of 2022. 

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Source Fool.com