What is the revenue model for DraftKings?

DraftKings primarily generates revenue through various streams, including entry fees for daily fantasy sports contests, sports betting, and online casino games. Additionally, they earn money from advertising and sponsorship deals, as well as through partnerships with professional sports leagues and teams. To elaborate, DraftKings' revenue model is multifaceted. The company charges entry fees for its daily fantasy sports contests, which constitute a significant portion of its income. Sports betting is another major revenue stream, where users place bets on various sports events. Online casino games also contribute to their earnings, offering games like slots, blackjack, and roulette. Furthermore, DraftKings benefits from advertising and sponsorship agreements, leveraging its platform to promote brands and products. Lastly, partnerships with professional sports leagues and teams provide additional financial support and enhance their market presence.