DraftKings Lowers 2025 Sales and Profit Forecast, Shares Plunge

In a significant turn of events for the online sports betting giant, DraftKings has announced a reduction in its revenue and profit forecasts for the year 2025. This unexpected move has sent shockwaves through the stock market, culminating in a sharp decline in the company’s share prices. The announcement comes as the company grapples with a rapidly evolving landscape in the gaming sector, where competition is intensifying and regulatory hurdles continue to emerge.

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