DraftKings CEO talks customer retention, revenue growth

DraftKings (DKNG) posted first-quarter earnings results, showing revenue increased over 50% year-over-year. According to the report, part of their success is due in part to stronger-than-expected customer acquisition and retention.

DraftKings CEO Jason Robins joins Catalysts to give insight into the sports betting platform's performance and how legislation is forming around gambling from state to state.

Robins weighs in on how the company will push for sports betting legislation this year: "I definitely think we'll get a few bills done this year, but I don't know that we'll get quite as many as we did last year... I think right now, a lot of states, because of the election year, sometimes that slows things down a little bit on the legislation front. That said, we're right now in the heart of legislative season. A lot of states are still in session. It's super hard to predict. We'll see. Hopefully, we'll get a few over the line this year."

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This post was written by Nicholas Jacobino