During Friday’s earnings call, DraftKings CEO and Co-Founder Jason Robins painted a mostly positive picture of the company’s finances.
But that doesn’t mean there aren’t any headwinds, however minor in the scheme of things. In particular, sport bettors have had a field day cashing bets.
“We’ve had a couple really bad quarters in a row in terms of outcomes,” Robins said during the call. “This past quarter was looking really great until March Madness (when four No. 1 teams reached the Final Four). That does happen. We have analyzed that, and we are 100% confident that these are random outcomes.”
