In the DAG Edge Deletion problem, we are given an edge-weighted directed acyclic graph and a parameter $k$, and the goal is to delete the minimum weight set of edges so that the resulting graph has no paths of length $k$. This problem, which has applications to scheduling, was introduced in 2015 by Kenkre, Pandit, Purohit, and Saket. They gave a $k$-approximation and showed that it is UGC-Hard to approximate better than $\lfloor 0.5k \rfloor$ for any constant $k \ge 4$ using a work of Svensson from 2012. The approximation ratio was improved to $\frac{2}{3}(k+1)$ by Klein and Wexler in 2016. In this work, we introduce a randomized rounding framework based on distributions over vertex labels in $[0,1]$. The most natural distribution is to sample labels independently from the uniform distribution over $[0,1]$. We show this leads to a $(2-\sqrt{2})(k+1) \approx 0.585(k+1)$-approximation. By using a modified (but still independent) label distribution, we obtain a $0.549(k+1)$-approximation for the problem, as well as show that no independent distribution over labels can improve our analysis to below $0.542(k+1)$. Finally, we show a $0.5(k+1)$-approximation for bipartite graphs and for instances with structured LP solutions. Whether this ratio can be obtained in general is open.