DraftKings Cuts Profit Outlook, Will Charge Some Bettors An Extra Fee
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Shares of DraftKings (DKNG) tumbled Friday after the online sports gambling platform cut its profit forecast and announced it would put a surcharge on winnings for bettors in high-tax states as a way to boost earnings.
In a letter to shareholders, the company said that several states, notably Illinois, have put a high tax rate on gambling winnings. To address that, DraftKings said it plans to implement “a gaming tax surcharge on a customer’s Net Winnings in any state with a tax rate above 20% that has multiple sports betting operators.”
The company said that the surcharge “would be fairly minimal" to the customers, and that “additional upside potential exists for DraftKings' adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2025 and beyond" from the new fee.
The news came as the company reported strong second-quarter results and a new $1 billion stock buyback plan. Adjusted earnings per share came in at $0.22, and revenue jumped 36.2% to $1.10 billion. Both exceeded forecasts.
DraftKings said the gains came primarily from several sources, including the addition of new customers and jurisdictions, and the impact of the acquisition of the Jackpocket lottery app.
DraftKings raised its full-year revenue outlook to $5.05 billion to $5.25 billion from the earlier estimate of $4.80 billion to $5.00 billion. However, it reduced its adjusted EBITDA guidance from $460 million to $540 million to $340 million to $420 million.
DraftKing shares fell nearly 10% on Friday, pushing the stock into negative territory for the year.
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As a man, if you love your future children, you should try your best to marry a beautiful, brainy woman because marriage is not just about love. It is also about reproduction. And your offspring will take some of their DNA from their mother. Sadly, in this life, beautiful and intelligent people get ahead more than those without these blessings. Whether you like it or not, life is a competition. Give your children the best start in life by selecting a mother who can give them good looks and good brains so they can open good doors!
Both Of The Late Nigerian Singer Onyeka Onwenu’s Sons, Tijani And Abraham Ogunlende, Are Artists.
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Both of the late Nigerian singer Onyeka Onwenu’s sons, Tijani and Abraham Ogunlende, are artists.
Onyeka Onwenu’s sons, Tijani Ogunlende, and Abraham (formerly Ibrahim), aka Abe Ogunlende, are outstanding artists who showcase their exceptional skills and talent in their fields.
Tijani Charles Ogunlende is an artist, designer, developer, and photographer specializing in visual arts, graphic design, and web development. He is also the sole proprietor of TijaniOgunlende, an independent graphic design and art photography company.
Before his company, Tijani Charles was a web developer at KRT Marketing and a social media researcher at Clear Essence Cosmetics. He also has a Bachelor’s in Visual Arts degree from the University of Maryland Baltimore County and a New Media degree from the Academy of Art Univeristy.
Onyeka’s second son, Abraham, aka Abe Ogunlede, is a Nigerian contemporary artist who creates pastels and aesthetic, simple art that combines connections between society and personhood.
MORE THINGS YOU MAY WISH TO KNOW ABOUT THE LEGEND: Onyeka Onwenu
She was the youngest daughter among the five children of Nigerian teacher and politician D.K. Onwenu. She was raised in Port Harcourt, Rivers State, Nigeria.
She is the youngest daughter of Nigerian educationist and politician D.K Onwenu. However, it is painful to know that Onyeka never grew up to know her father because he passed away in a car crash when she was just 4-years-old.
Onwenu's father passed away a week before he was to be named the Minister of Education under the Governor-General, Sir John Macpherson.
She earned a Bachelor of Arts in International Relations and Communication from Wellesley College, Massachusetts, and a Master of Arts in Media Studies from The New School for Social Research, New York.
Onyeka worked as a Nigerian Television Authority newsreader and reporter and wrote and presented the famous BBC/NTA documentary “Nigeria: A Squandering of Riches.” She also presented and hosted the shows “Contact” and “Who’s On?” on the NTA network.
She also made her appearance in several Nollywood movies, including Window’s Cot, Half of a Yellow Sun and Lion Heart, Rising Moon, and Government House.
Initially, Onyeka kept her unhappy marriage life a secret. Still, she began to talk about her husband when she reached 70. She opened up about her failed marriage life and how she raised her sons as a single mother without the support of their father.
Many people know very little about Onyeka Onwenu's marital life while some don't know that she got married to Muslim Yoruba man, whose last name is Ogunlende.
Moreover, in an interview, the singer said that she didn’t want her marriage to end with her ex-husband, but staying in the marriage would have ki*led her because it was difficult and made her suffer from depression.
She also said that her husband didn’t pay their sons’ school fees or buy them clothes, and she didn’t even gave her housekeeping money. The environment they were living in was not suitable for the children, so she decided to carry the weight of the whole family.
Onyeka further stated that she raised her sons from kindergarten to their master’s degrees without any contribution from her husband.
She won two African Movie Academy Awards in the year 2006.
Comedian Brain Jotter Gift 50 Million Naira To The Folklore Musician, Mike Ejegha
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The Papa He Used His Song For The Trending Challenge, Gwo Gwo gwon gwo .
A song produced in 1983 finally becomes a trend in 2024 after 41 years, this happened the moment Brain Jotter used just a part of the song which ended gwo gwo gwon gwo .
Gentleman Mike ejeagha will be 94 years old in August 2024 and his 41yrs old song is the trendiest currently let's celebrate the living legend.
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