What to Watch When DraftKings Reports Earnings Friday
The coronavirus pandemic caused major sports leagues to suspend their seasons in March when stay-at-home mandates started in the U.S. The outage was a significant blow to DraftKings (NASDAQ: DKNG), which offers its users contests that award winners based on the outcome of sporting events. Now that the National Basketball Association (NBA), Major League Baseball (MLB), and the National Hockey League (NHL) have restarted play, DraftKings is poised to benefit. DraftKings is expecting to report second-quarter results on Friday.
