Competitive PressureDraftKings' iGaming market share has declined, despite a modest improvement in online sports betting gross gaming revenue market share.
Profitability ImpactDraftKings' hold for the week ending March 30 declined significantly, resulting in a revenue shortfall and impacting profitability.
Regulatory ChallengesTax increases in New Jersey, Maryland, and North Carolina could be a ~$60M headwind this year.