DraftKings Inc. reported second-quarter sales and profits that fell short of analysts' expectations, at a time when the sports betting industry faced new challenges from forecasting market players. Revenue for the second quarter was $1.44 billion, lower than Wall Street's estimate of $1.51 billion. The adjusted profit before interest, tax, depreciation and amortization was US$115 million, which also fell short of expectations of US$154 million. Monthly active paying players increased 9% year over year to 3.6 million, higher than analysts' expectations of 3.2 million.

DraftKings Inc. reported second-quarter sales and profits that fell short of analysts' expectations, at a time when the sports betting industry faced new challenges from forecasting market players. Revenue for the second quarter was $1.44 billion, lower than Wall Street's estimate of $1.51 billion. The adjusted profit before interest, tax, depreciation and amortization was US$115 million, which also fell short of expectations of US$154 million. Monthly active paying players increased 9% year over year to 3.6 million, higher than analysts' expectations of 3.2 million.