US-based digital sports entertainment and gaming company DraftKings did well during the worst of the pandemic, raising its Q2 revenue from $57m to $71m and ending the half-year with over $1.2m in cash and no debt.
Nevertheless, due mainly to acquisitions, the group's losses rose substantially. Jason Robins, CEO, said: “We believe that the best product will ultimately win with the American consumer.
"As a technology first organisation, we will continue to focus on bringing new and innovative products to market that strengthen our engagement with customers and maintain our competitive differentiation.”
For the half-year ended June 30, DraftKings saw revenue of $159.4m compared with $125.4m. However, it showed an overall loss of $226.5m compared with $58.7m.
DraftKings offers sports betting to more than 50 operators across 15 US and international markets.
