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DraftKings Stocks continue to drop as Monthly User Growth decreases

On Friday, November 4th, 2022, DraftKings, a daily fantasy sports (subset of fantasy sport games) contest provider and sports betting company, announced slower monthly user growth in the third quarter of the year that fell short of expected which caused the value of the shares to be very low, with 28% prior to the announcement.

Weak customer growth:

DraftKings is currently facing one of the biggest problems in the iGaming industry, weak monthly customer growth. Unfortunately, the company wasn’t prepared for that because it raised its revenue guidance for 2…