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As a high-profile company, DraftKings has been involved in a couple of publicized incidents related to payouts �� including one in January, when it took a full day to settle prop bets made by gamblers who pounced on news about Draymond Green��s playing status. DraftKings eventually paid the rightful winners in the Green situation, but not before stirring up angst among some bettors.
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Sports Betting Revenue: Revenue for sports betting has been climbing. For the first half of 2022 revenue totaled just over $3 billion compared to $4.3 billion for all of last year. Morgan Stanley forecasts revenue to reach $7 billion by 2025. Also, in 2021 Americans bet $57.2 billion on sporting events, a year-over-year increase of 165%.