February 18, 2022 - 9:28am | By Kyle Cornell
(Boston, MA) -- Draft Kings is seeing higher revenue from its last quarter, but the sports-betting company expects wider losses this year.
The Boston-based company is spending more money on marketing as mobile sports gambling becomes legal in more markets. Draft Kings saw their marketing spend increase by just over 250-million-dollars last year.
The number of sports bettors using Draft Kings grew by just over 30-percent in 2021.