Similar Stories to Draftkings Tipped For Revenue Growth Despite Q4 Setbacks on Bing News

US gambling heavyweight DraftKings has been tipped to reach $6.4 billion in revenue this year, despite sports results impacting its figures in the fourth quarter of last year.  JPMorgan analyst Joseph Greff set out his revenue estimates after the company reduced its expectations for the recent period.  He has predicted the sportsbook and fantasy sports service provider will return a revenue figure of just under $1.4 billion, down from an initial forecast of $1.5 billion. Similarly, cash flow expectations have been lowered by $100 million to $68 million. The change in outlook was prompted by DraftKings official estimates that it would file revenue figures $275 million below its target due to sports results favoring its user base with wagers on the outcomes of games. This situation was reflected in December when DraftKings held on to 7% of bets, under the industry average of 7.2%.  So…remember that whole DraftKings/Hermalyn/Fanatics VIP case I was kinda covering for a bit?

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