In a Thursday interview with CNBC's Jim Cramer, DraftKings CEO Jason Robins said the online sports betting industry is at a turning point as more people across the country realize they can gamble legally.
"We're at a very, you know, important inflection point in the industry," Robins said.
"Most people assume that it's legal in most states now if not all.
DraftKings cut its full-year guidance for 2024 when it reported Thursday after the close, sending shares down nearly 6% in extended trading.
"I would expect most states over the long term will have some form of legal sports betting, and hopefully we'll get those three."
Persons:
CNBC's Jim Cramer, Jason Robins, Robins
Organizations:
American Gambling Association, National Football League, D.C
Locations:
Washington, California, Florida , Texas