From CNBC:

DraftKings reported a 44% increase in revenue year-over-year, though it missed Wall Street estimates for the last quarter of 2023. The company also announced the launch of its Sportsbook product in Maine and Vermont, bringing its total to 24 states allowing mobile sports betting. DraftKings reported a net loss of $44.6 million, improved from $242.7 million in the same period a year earlier. The company also announced plans to acquire lottery app Jackpocket for approximately $750 million. They are increasing their fiscal year guidance to between $410 million and $510 million for 2024.



Read more: DraftKings posts 44% revenue growth, but falls short of estimates