The push to legalize sports betting fuels DraftKings' rise

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The push to legalize sports betting fuels DraftKings' rise
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Sports betting in the U.S. is booming — and the flood of new customers has made DraftKings one of the nation’s biggest sportsbooks.

A flood of new customers eager for risk and excitement has madeIn November, the company announced third-quarter revenue increased 60% from a year earlier to $213 million. During that same period, with mobile betting launching in several states, the company said it had on average 1.3 million monthly unique paying customers engaged with its platform.

in the U.S. is $7 billion annually, including fees related to the justice system, job loss and bankruptcy.

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