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In response to
"I get being in the red when you start out but they've added a lot of states over the last couple of years. It seems like they should be doing very"
by
Krusty
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That's the thing. New markets means ramp up costs. I'd wager (ha!) the established markets are just peachy
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and the new ones are getting there but there are costs on the front end for getting set up (technological, logistical, legal) that go right to the bottom line.
* Disclaimer: I own no shares of Draftkings and do no plan to purchase any in the future. I have not read their financial statements and likely don't know what I am talking about.
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