Another month, another record smashed for New Jersey internet gambling [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
casinos continued to lag behind pre-pandemic levels at six of Atlantic City's nine casinos, numbers released Monday show. The New Jersey Division of Gaming Enforcement said internet gambling brought in just over $214 million in November, narrowly eclipsing the previous record of $213 million set a month earlier. “The continuing success of online gaming and sports wagering has helped total gaming revenue achieve its best November monthly result in over a decade,” said James Plousis, chairman of the New Jersey Casino Control Commission. But that's not necessarily great news for the casinos. They must share a substantial portion of internet and sports betting revenue with partners including sportsbooks and tech platforms. For that reason, the casinos consider money won from in-person gamblers to be their core business. And that business has not been terrific for years now. The casinos collectively matched their pre-pandemic in-person revenue total of $223.9 million in November.
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DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website