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DraftKings Posts Record Q1 Revenue but Cuts 2025 Outlook

DraftKings was out with record-breaking revenue numbers for its first quarter of 2025. An eye-popping $1.4 billion, up 20% from last year’s $1.17 billion. EBITDA was also higher at $102.6 million vs. last year’s $22.3 million.  DraftKings uses a metric dubbed Monthly Unique Players instead of the more standard industry parlance of Active Monthly Users […]

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DraftKings Posts Record Q1 Revenue but Cuts 2025 Outlook

DraftKings was out with record-breaking revenue numbers for its first quarter of 2025. An eye-popping $1.4 billion, up 20% from last year’s $1.17 billion. EBITDA was also higher at $102.6 million vs. last year’s $22.3 million. 

DraftKings uses a metric dubbed Monthly Unique Players instead of the more standard industry parlance of Active Monthly Users to more easily designate the number of their users who are actually placing monetary bets. 

This number reached 4.3 million in Q1, up substantially from last year’s Q1 number of 3.4 million, but down from its record Q4 quarter in 2024 during NFL and College Football when they reached 4.8 million. 

The company also publishes a handy metric called Average Revenue Per Monthly Unique Payer, which basically looks at how much the average real-money bettor contributes to revenue. In this case, that number reached $108 per player, up from just $97 last quarter but down from $114 in Q1 2024.

Sportsbook handle, or total dollar amount wagered, also saw impressive growth, up to $13.8 billion, up 16%, or more than $1.8 billion more than the same quarter last year. Sportsbook revenue accounted for $882 million, while the five states in which the company currently operates iGaming chipped in an additional $423 million, which was up $370 million YOY. 

The company added an additional $103 million in revenue from other sources, such as its fantasy sports business and its recently acquired business, Jackpocket, the leading digital lottery app in the US. Last year, it also purchased Simple Bet and Sports IQ.

DraftKings Posts Record Q1 Revenue but Cuts 2025 Outlook

NCAA Tournament Chalk Costs Draftkings Plenty

In sports betting parlance, chalk is the favorite in a matchup; usually, in this reference, it means the heavy favorite. And according to Allen Ellingson, the company’s CFO, chalk cost DraftKings roughly $170 million in revenue and $110 million in EBIDA during the men’s college basketball tournament in March, where the favorites won at a rate not seen in modern times. In fact, more than 82% of games were won by the Chalk.

The company revised earnings downward in the face of this for the full year 2025 to $6.3 billion, from a previous guidance of $6.6 billion. EBITDA projections now stand at $800 million, down from an earlier forecast of $900 million to $1 billion, so it was again a sizable impact. 

The company CEO, Jason Robbins, spent a good bit of his earnings call making the case that this was an aberration and that the sportsbook hold would bounce back after what are now two consecutive quarters of dismal results, first in NFL outcomes in Q4 and then NCAA basketball in Q1. 

He even briefly launched into a fan theory on NIL in college basketball, possibly being behind the dominance of large, favored basketball programs. Top recruits sign with dominant programs in larger markets to maximize their earnings from the NCAA’s new Name, Image, Likeness program, allowing even college athletes to be compensated for endorsements or sponsorships. Thus, these all-star programs have increased their wins over less well-known competitors.

The company also highlighted its continued belief that its customers would migrate towards much higher holding parlay and live action betting over time. They touted an almost 36% uptick in Major League Baseball Live Game bets already this season, to showcase what they believe will be the future of sports betting, and one that the company has been pursuing relentlessly with its M&A purchases over the past several years. 

They also reaffirmed their intention to buy back about $1 billion in stock over the coming year, and they had already purchased about $140 million in the first quarter. 

Looking Forward

Despite some bruising losses, DraftKings believes that structural hold will stabilize over the next quarter or two and that adding live betting and parlays will grow that hold number over time. 

Clearly, they continue to capitalize on increasing handle. That number should also sharply rise as AI-assisted gambling technology and its highly skilled oddsmakers, allow an almost infinite number of live in-game bets and parlays to be offered on the app in the not-so-distant future. 

Compare that with the total of only 272 games in an entire NFL season, and the number of bets and the amount wagered could skyrocket, as most players currently only bet the line and possibly the over/under. This means that many punters only currently make perhaps two bets on their favorite team per week, versus a dozen or more once live game betting rolls out further, which is why you have seen DraftKings snatching up companies like Simple Bet and Sports IQ as they prepare for the real growth that is yet to come in live game betting.

They also believe that as the market matures, their spending on advertising and free play will come down, but they mention the potential for higher taxes in some states that may offset that decreased spending. 

Regardless of the future, the pressure is on Robbins in the present to show that the last two quarters of player-friendly outcomes were a fluke and that the company can convert those increasing numbers of Monthly Unique Players and ever-increasing handle into an actual, sustainable, and predictable revenue stream.

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Full 2025 Women’s College World Series Finals Schedule

On Feb. 7, 309 teams took the field for the start of the college softball season—each harboring dreams of Oklahoma City. Now, nearly four months later, just two remain. Beginning Wednesday, Texas and Texas Tech will square off in the finals of the Women’s College World Series. The matchup is fascinating. In one dugout will […]

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On Feb. 7, 309 teams took the field for the start of the college softball season—each harboring dreams of Oklahoma City.

Now, nearly four months later, just two remain. Beginning Wednesday, Texas and Texas Tech will square off in the finals of the Women’s College World Series.

The matchup is fascinating. In one dugout will sit the Longhorns—eight-time qualifiers for the Women’s College World Series and, though they lack a softball national championship, the definition of “old money” in college sports. In the other will sit a Red Raiders team that lured their star—pitcher NiJaree Canady—with a $1 million NIL offer; the nouveau riche squad has just eight NCAA tournament appearances to its name.

This is without question the most high-profile athletic matchup in Texas Tech and Texas’s underrated rivalry since the latter bolted for the SEC. Here’s a look at the schedule for the series.

2025 Women’s College World Series Finals Schedule

GAME NUMBER

TEAMS

DATE

TIME

CHANNEL

1

No. 12 Texas Tech vs. No. 6 Texas

June 4

8 ET

ESPN

2

No. 12 Texas Tech vs. No. 6 Texas

June 5

8 ET

ESPN

3 (if necessary)

No. 12 Texas Tech vs. No. 6 Texas

June 6

8 ET

ESPN

All three games will air at 8 ET (7 CT in Oklahoma City). They are scheduled to take place on three successive days, and ESPN will show them on television.

Now, here’s a quick look at both teams’ path to the championship.

How Texas Reached the 2025 Women’s College World Series Finals

ROUND

OPPONENT

RESULT

Austin Regional

Eastern Illinois

W 10–2 (5 innings)

Austin Regional

Michigan

W 16–4 (5 innings)

Austin Regional

UCF

W 9–0

Austin Super Regional

Clemson

L 7–4

Austin Super Regional

Clemson

W 7–5 (10 innings)

Austin Super Regional

Clemson

W 6–5

Women’s College World Series

Florida

W 3–0

Women’s College World Series

Oklahoma

W 4–2

Women’s College World Series

Tennessee

W 2–0

The Longhorns breezed through their home regional, never seriously encountering a challenge. The Super Regional was a different matter. Underdog Clemson surprised Texas in Game 1 before the Longhorns pulled out a thrilling Game 2 in 10 innings. Texas held off the Tigers in Game 3 and has largely cruised ever since, giving up just two runs in the Women’s College World Series.

How Texas Tech Reached the 2025 Women’s College World Series Finals

ROUND

OPPONENT

RESULT

Lubbock Regional

Brown

W 6–0

Lubbock Regional

Mississippi State

W 10–1 (6 innings)

Lubbock Regional

Mississippi State

W 9–6

Tallahassee Super Regional

Florida State

W 3–0

Tallahassee Super Regional

Florida State

W 2–1

Women’s College World Series

Ole Miss

W 1–0

Women’s College World Series

UCLA

W 3–1

Women’s College World Series

Oklahoma

W 3–2

After a smooth regional in West Texas, the Red Raiders have faced white-knuckle affair after white-knuckle affair en route to their first Women’s College World Series finals. Canady completely neutralized Florida State’s offense in the Super Regionals, and opened World Series play with a two-hit shutout against Ole MIss. Texas Tech’s crowning moment as a program thus far came against Oklahoma, as first baseman Lauren Allred’s walk-off sacrifice fly knocked out the four-time defending national champions.

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Men’s Hockey Hosts End of Season Banquet

By: Dan Richeal Story Links HANOVER, N.H.—On Wednesday, Dartmouth men’s hockey held its annual end of season banquet and handed out the end of season awards. Dartmouth forward Hayden Stavroff earned the Booma Award given to the first-year player of Dartmouth men’s hockey who through determination, desire, dedication, and ability earns […]

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HANOVER, N.H.—On Wednesday, Dartmouth men’s hockey held its annual end of season banquet and handed out the end of season awards.

Dartmouth forward Hayden Stavroff earned the Booma Award given to the first-year player of Dartmouth men’s hockey who through determination, desire, dedication, and ability earns the “Rookie of the Year” award. The award is given in honor of Roland C. Booma ’30, an all-around Dartmouth athlete including football and baseball as well as hockey.

Stavroff skated in 31 games for the Big Green and scored 10 goals and added 12 assists while earning All-Ivy Second Team honors.

Alex Krause was the recipient of the John Manser Award which is awarded to the “Most Improved Player”. The award is given in honor of George “Johnny” Manser ’26, Captain of the 1926 varsity men’s hockey team and the Friends of Men’s Hockey First President.

Krause saw a jump in both games played and points in 2024-25 as he played in 31 games for the Big Green while scoring a career high four goals and adding a career high eight assists.

Junior forward Cam MacDonald was awarded the Smoyer Award which is awarded to the varsity player who has made the most unusual contribution to Dartmouth men’s hockey that year. The contribution is measured more by intangible factors than statistical results – in short, the “Unsung Hero.” The award honors Bill Smoyer ’67, Captain of the 1967 Dartmouth men’s hockey team and an outstanding soccer player who was killed in Vietnam.

MacDonald played in all 33 games as a junior, he scored a career high six goals while picking up a career high 10 assists. He blocked 13 shots for the Big Green while being a key contributor on the Dartmouth penalty kill.

Senior Captain Steven Townley was named ‘Sportsman of the Year’ and was awarded the McInnis Award. The award is given to the player that has best reflected spirit, camaraderie, loyalty and dedication to Dartmouth men’s hockey and to Dartmouth College. The award is in honor of Philip McInnis ’36, President of the Friends of Men’s Hockey from 1979 through 1984.

The Woodstock, Vt. native closed out his career with his hometown team in 2024-25 after 119 career games. This season he scored four goals along with four assists while also being one of five national finalists for the Derek Hines Unsung Hero Award.

CJ Foley took home the Phelan Award given to the player that demonstrated outstanding skill at his position, continued aggressiveness and team spirit, deserves to be named as the “Most Valuable Player of the Year”. The award is in honor of ardent Dartmouth hockey enthusiast, Martha M. Phelan, wife of John Phelan ’28 and mother of John Phelan, Jr. ’63, Captain of the 1963 Dartmouth men’s hockey team.

Foley had one of the best seasons in Dartmouth history for a defenseman as he skated in 33 games with 11 goals and 19 assists. Following the season, he was named Ivy League Player of the Year, First-Team All-Ivy, First Team All-ECAC, and an ECAC Player of the Year finalist.

Nikita Nikora and Foley were both honored as the “Friends of Dartmouth Men’s Hockey Leading Scorer” as the duo finished tied in points with 30 points.

Nikora was one of the top assist men in the country as he had 26 assists along with four goals as a sophomore. Both he and Foley were Hobey Baker nominees. Nikora has 50 career points in 58 games through two seasons while Foley has 50 points in 65 career games.

Dartmouth men’s hockey season ticket deposits are now on sale. Fans can make their deposit for the 2025-26 season by clicking here.



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Former Proctor Goaltender AJ Reyelts to Play College Hockey at UMD

Reyelts last suited up for the Rails back in the 2023-2024 season. PROCTOR, Minn.- A local hockey product will be staying close to home to play college hockey. Former Proctor goaltender AJ Reyelts announced his commitment to UMD on Wednesday. Reyelts was originally set to skate for Lindenwood but decommitted after a coaching change. He […]

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Reyelts last suited up for the Rails back in the 2023-2024 season.

PROCTOR, Minn.- A local hockey product will be staying close to home to play college hockey.

Former Proctor goaltender AJ Reyelts announced his commitment to UMD on Wednesday.

Reyelts was originally set to skate for Lindenwood but decommitted after a coaching change.

He last suited up for the Rails back in the 2023-2024 season.

In 19 games played, Reyelts posted a 14-5 record with a saves percentage of .942





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Wilkes-Barre Area celebrates Class of 2025

Graduates line up to receive their diplomas. Margaret Roarty | Times Leader Class Valedictorian Angelena Tokiko Mendola speaks during Wednesday’s ceremony. Margaret Roarty | Times Leader Graduates sit during the ceremony. Margaret Roarty | Times Leader Class Salutatorian Angelique Maxine […]

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<p>Graduates line up to receive their diplomas.</p>
                                 <p>Margaret Roarty | Times Leader</p>

Graduates line up to receive their diplomas.

Margaret Roarty | Times Leader



<p>Class Valedictorian Angelena Tokiko Mendola speaks during Wednesday’s ceremony.</p>
                                 <p>Margaret Roarty | Times Leader</p>

Class Valedictorian Angelena Tokiko Mendola speaks during Wednesday’s ceremony.

Margaret Roarty | Times Leader



<p>Graduates sit during the ceremony.</p>
                                 <p>Margaret Roarty | Times Leader</p>

Graduates sit during the ceremony.

Margaret Roarty | Times Leader



<p>Class Salutatorian Angelique Maxine Calise Martinez gives the welcome address during Wednesday’s ceremony.</p>
                                 <p>Margaret Roarty | Times Leader</p>

Class Salutatorian Angelique Maxine Calise Martinez gives the welcome address during Wednesday’s ceremony.

Margaret Roarty | Times Leader



<p>Graduates proceed through the arena to their seats.</p>
                                 <p>Margaret Roarty | Times Leader</p>

Graduates proceed through the arena to their seats.

Margaret Roarty | Times Leader



WILKES-BARRE TWP. — Wilkes-Barre Area celebrated the Class of 2025 Wednesday with a commencement ceremony at the Mohegan Sun Arena. This year’s seniors were the first to graduate after spending four full years in the new high school.

Speakers included Valedictorian Angelena Tokiko Mendola, Salutatorian Angelique Maxine Calise Martinez, Principal Michael Grebeck and Superintendent Brian Costello.

For more information about the ceremony, including a full list of graduates, be sure to check out the Times Leader’s special graduation section publishing later this month.



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Bryant field hockey announces 2025 schedule

Story Links SMITHFIELD, R.I. — Bryant field hockey announced its 2025 schedule on Thursday, a 17-game schedule that includes 11 home games and trips to regional foes Providence and Boston U. The Bulldogs will be under the direction of first-year head coach Kellie Joyce and will welcome the return of 15 […]

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SMITHFIELD, R.I. — Bryant field hockey announced its 2025 schedule on Thursday, a 17-game schedule that includes 11 home games and trips to regional foes Providence and Boston U.

The Bulldogs will be under the direction of first-year head coach Kellie Joyce and will welcome the return of 15 players from the 2024 team, including double-digit point scorers Natalie Griffin and Callie Caito and the goaltending duo of Sara DeSousa and Maud van Lierop.

Schedule Highlights

  • Bryant will play 11 home games, including four-straight to open the season.
  • The Bulldogs will make trips to Providence College and Boston U.
  • Bryant’s home conference games will include UAlbany and defending America East champion Vermont.

Bryant opens the season with four-straight home games, beginning with Northeast Conference members New Haven (Aug. 29) and Stonehill (Aug. 31). The Black and Gold close out the opening four-game homestand against Dartmouth (Sept. 5) and Hofstra (Sept. 7).

The Black and Gold then make trips to Providence (Sept. 12) and Boston U (Sept. 21). Bryant and PC will be meeting for the eighth time in program history, while the Bulldogs and Terriers will meet for just the second time and first since the 2017 season.

A Tuesday afternoon home game with Holy Cross (Sept. 23) and a road trip to La Salle (Sept. 28) are the final two tuneups before the Bulldogs open America East play at home against UMass Lowell (Oct. 3). 

Bryant’s AE opener with UML starts a four-game homestand that includes games against Cornell (Oct. 5), UAlbany (Oct. 10) and Merrimack (Oct. 12). The Bulldogs then hit the road for games at Maine (Oct. 17) and Brown (Oct. 19). Bryant picked up its first-ever win over Maine last season, rallying from 3-0 down to earn a 4-3 overtime victory. 

The Black and Gold close out the home slate as they welcome defending America East champion Vermont on Oct. 24 and non-conference foe Bellarmine on Oct. 26. Bryant will head to UNH for a Halloween contest to close out the regular season. 

 



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Inside Gymnastics Magazine | Li Li Leung to step down as USA Gymnastics President & CEO at end of 2025

PER A PRESS RELEASE FROM USA GYMNASTICS INDIANAPOLIS (June 5, 2025) – Having led a historic turnaround that saw athlete health, competitive achievement and business success powerfully align, USA Gymnastics President & CEO Li Li Leung on Thursday announced that she will step down from her role at the conclusion of 2025. Since her hiring […]

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PER A PRESS RELEASE FROM USA GYMNASTICS

INDIANAPOLIS (June 5, 2025) – Having led a historic turnaround that saw athlete health, competitive achievement and business success powerfully align, USA Gymnastics President & CEO Li Li Leung on Thursday announced that she will step down from her role at the conclusion of 2025.

Since her hiring in March 2019, Leung has worked with the USAG board of directors, staff, and the broader gymnastics community to guide USA Gymnastics through a cultural transformation that began a new chapter for the sport and re-established USAG as a leader in the Olympic and international gymnastics movements.

“The opportunity to lead USA Gymnastics has been the honor and privilege of a lifetime,” Leung said. “Thanks to the dedication of the entire gymnastics community, we are now in an incredible position as we turn our attention to the L.A. Olympic Games. The last several months have been a time of great reflection, and I know that now is the right time to pass the torch to the next leader, with the sport and organization thriving. I wanted to ensure the board has the opportunity to conduct a thorough search and also give my successor a long runway into the 2028 Olympic Games. I’m going to take some time to reset before determining what is next, and I look forward to USA Gymnastics accomplishing great things in 2025 and beyond.”

“Li Li was the right leader at the right time for USA Gymnastics and accomplished in six years what many thought was not possible,” said Board Chair Kathryn Carson. “Her deep passion for gymnastics and extraordinary dedication to leading transformation has positioned USA Gymnastics to move boldly toward LA28. With this strong foundation, we are confident we will identify a leader to build on Li Li’s legacy.”

With a new board of directors established in 2018, a new mission statement and set of organizational values that prioritizes athlete safety, and nearly 70% new staff, USA Gymnastics moved rapidly toward rebirth since Leung took on the role of President & CEO. USA Gymnastics established its Athlete Bill of Rights in December 2020, a movement that was among the first of its kind in sport, and emerged from bankruptcy in 2022 with a foundational culture of athlete support and safety driving organizational decision-making.

Since that time, USA Gymnastics has unveiled an expanded funding structure for National Team athletes that brought greater equity across disciplines and genders and introduced a groundbreaking program to help provide mental health visits to National Team athletes and their coaches. The organization has restored its corporate partnership family with both Fortune 500 and endemic brands, headlined by the the largest partnership in its history, a five-year deal with Nike that extends through the LA28 Olympic Games. On the grass roots level, USAG now boasts more than 3,300 member clubs, nearly 240,000 members, and sanctions more than 3,500 events on an annual basis.

USA Gymnastics athletes have likewise experienced a resurgence of success, with the last two years alone bringing history-making performances across all disciplines. Among the most notable achievements are 11 medals including women’s team gold at the 2024 Olympic Games, historic men’s team bronze medals in Paris and the 2023 World Championships, 10 medals at the 2023 Trampoline & Tumbling World Championships including team gold, the first-ever medal for an American at a rhythmic World Championships at the 2023 Junior Worlds, and the first World Cup and World Championships medals for American parkour athletes.

Leung was voted vice chair of the NGB Council of the U.S. Olympic sport governing bodies in 2020 and was elected to the Executive Committee of the International Gymnastics Federation (FIG) in 2021, winning re-election in 2024. She was named a Sports Business Journal “Power Player” in 2020, an SBJ Gamechanger in 2024, and USAG was nominated as Team of the Year for the 2025 Sports Business Awards. Leung was recognized on the 2023 A100 list as one of the country’s most impactful Asian Americans and named a 2025 WISE Woman of the Year.

USA Gymnastics has engaged CAA Executive Search to lead the search for Leung’s successor, with the intent to have a new president and CEO identified prior to her departure at the end of the year.

For a full bio of Li Li Leung, visit the USA Gymnastics website.



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