DraftKings CEO Jason Robins shared with CNBC's Jim Cramer on Thursday that more Americans recognize sports betting as a legal activity, and he sees a turning point as public awareness grows. He anticipates that major states like California, Florida, and Texas may legalize betting. DraftKings lowered its 2024 revenue forecast, causing shares to drop nearly 6% in after-hours trading. The adjustment reflects lower expected revenue following favorable betting outcomes for customers in the early fourth quarter.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02DraftKings CEO Jason Robbins shared with CNBC's Jim Cramer on Thursday
00:06that more Americans recognize sports betting as a legal activity,
00:10and he sees a turning point as public awareness grows.
00:13He anticipates that major states like California, Florida, and Texas may legalize betting.
00:19DraftKings lowered its 2024 revenue forecast,
00:22causing shares to drop nearly 6% in after-hours trading.
00:26The adjustment reflects lower expected revenue,
00:29following favorable betting outcomes for customers in the early fourth quarter.
00:32For all things money, visit Benzinga.com slash GSTV.