DraftKings Cuts 2025 Outlook, Says Favored Teams Winning Drives Lower Margins

Highlights DraftKings’ Q1 2025 earnings results were impacted by a record-high win rate for high seeds during March Madness, favoring bettors and cutting into the company’s sportsbook margins — although revenue still rose 20% year over year to $1.41 billion. DraftKings is investing in AI and unique betting features, enhancing product offerings and customer experience while positioning itself as a leader in innovation. The company lowered its 2025 guidance due to short-term unfavorable outcomes but em ...