Americans love betting on professional football, and they’re actually pretty good at picking winners. That’s not patriotic bragging, that’s the official word from DraftKings CEO Jason Robins.
During an earnings call earlier this month, Robbins announced that DraftKings would be cutting its fiscal earnings projections by $250 million on account of how much, “the most customer-friendly stretch of sport outcomes that we’ve ever seen early in the fourth quarter,” has wound up costing the company. “We got stung by sport outcomes,” he added in comments reported on by Covers.com.
Before shedding too many tears for DraftKings, it’s worth noting that Robins also told investors that the company is expecting to grow by about 30 percent over the next year. That growth will help DraftKings hit a revenue mark that’s somewhere between $6.2 and $6.6 billion.
DraftKings will likely see some pretty significant growth from the new Missouri market next year. Robins also commented on rumors that Florida’s Seminole Tribe is looking to partner with a domestic sportsbook saying, “We’ll see how that all plays out. Obviously, Florida is a big state and something that we’d be very excited if there were a path to be able to offer our product to customers there. But it’s really not up to us.”
Of course DraftKings wasn’t the only sportsbook hit by their players’ good fortune. PENN CEO Jay Snowden lamented, “having a higher parlay mix is great, other than when all the favorites are hitting and parlays are also hitting.” Your players know how you feel, guys.