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DraftKings (DKNG) shares are trading higher after the sports betting platform beat fourth quarter earnings estimates. DraftKings CEO Jason Robins joins Wealth Host Brad Smith to discuss the earnings print and sports betting trends.
"I think that more and more people are going to be interested in [sports betting]. We also are seeing that in the numbers, customer acquisition last year was absolutely phenomenal. It was way better than what we expected going into the year. And I think that's really what set us up for such a strong forecast in 2025," Robins says.
The earnings results come just after the Philadelphia Eagles' victory in Sunday's Super Bowl LIX. Robins says the Super Bowl is "our most important day of the year, but this year it was bigger than ever," with sportsbook handlings totaling a record high $436 million.
Watch the video above to hear about DraftKings CEO Jason Robins talk about the company's growth prospects, political challenges as states continue to vote on sports betting legalization, and more.
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This post was written by Naomi Buchanan.