DraftKings Inc. outlined an expanded growth strategy and long-term financial framework, including its participation in what management expects to be a $55 billion to $80 billion 2030 industry gross revenue opportunity. The Company is also increasing deployment of AI across the platform to drive efficiency and operating leverage.

The expected 2030 industry gross revenue opportunity reflects continued state legalization of Sportsbook and Casino, growth in existing jurisdictions, and the expansion of DraftKings Predictions. As a key driver of this opportunity, DraftKings Predictions enables the Company to offer sports event contracts in states without regulated online wagering, expanding its reach to nearly the entire U.S. population.

The Company also announced plans to launch a new Super App, branded DraftKings Sports & Casino, bringing together Sportsbook, Predictions, Casino and Lottery into one seamless, integrated experience through a single account and wallet, with access tailored to each jurisdiction. Phase one of the integration is expected by March Madness, with additional upgrades planned throughout the year. The Super App will leverage DraftKings’ experience and infrastructure operating the No. 1-rated Sportsbook to offer a unified sports experience, available nationwide.

The planned rollout of DraftKings Sports & Casino is expected to enhance DraftKings’ powerful lifetime value flywheel, which is increasingly efficient and supported by its four sustainable advantages in Product, Technology, Trust, and Marketing, and accelerated by AI. As a leading brand in sports, gaming and entertainment, the Company expects DraftKings Sports & Casino to strengthen cross-sell, deepen customer engagement, and optimize unit economics across verticals.

DraftKings expects to achieve at least a 30% Adjusted EBITDA margin in the long term, with potential upside as the Company increases its scale.

DraftKings Inc. announced an agreement with Crypto.com | Derivatives North America (Crypto.com), a global cryptocurrency platform and CFTC-regulated derivatives exchange, to broaden the prediction markets available on DraftKings Predictions. The expansion marks the first player-specific sports event contracts offered on DraftKings Predictions for both the NFL and NBA, extends the platform’s prediction markets offerings, and establishes the foundation for future categories, including politics.

“We’re continuing to build momentum behind DraftKings Predictions by leveraging our expertise across sports and technology and integrating additional CFTC-regulated exchanges like Crypto.com. This collaboration meaningfully expands customer access to trade on sports and a broader range of prediction markets and also reinforces our focus on delivering a more comprehensive and engaging experience as the product continues to evolve,” said Jeanine Hightower-Sellitto, Senior Vice President and General Manager of DraftKings Predictions.

As part of this expansion, DraftKings Predictions adds breadth across sports prediction markets in the states where the product is available, spanning soccer, MMA, golf, boxing, tennis, and the Olympic Games, to complement the existing sports and financial markets provided by CME Group. In addition to the wider scope of sports prediction markets, Crypto.com is expected to support DraftKings Predictions’ introduction of new event contract categories, including culture, entertainment, and politics. Additionally, DraftKings Predictions will integrate Railbird Exchange in the coming months, further strengthening its offering.

“Crypto.com continues to lead the way with innovative collaboration. Connecting with DraftKings, a household name in sports, is an important milestone for us because it allows us to not only expand access to prediction markets in sports, but it grows our distribution to prediction markets on cryptocurrencies, financials, companies, politics, culture, entertainment and beyond. We are thrilled to work with DraftKings, and we look forward to creating an engaging experience together for customers across the country,” said Travis McGhee, Global Head of Predictions at Crypto.com.

DraftKings Inc announced its third quarter 2025 financial results. The Company also posted a third quarter 2025 business update and a slide presentation on the Investor Relations section of its website.

Third Quarter 2025 Highlights

For the three months ended September 30, 2025, DraftKings reported revenue of $1144 million, an increase of $49 million, or 4%, compared to $1095 million during the same period in 2024. The increase in the Company’s third quarter 2025 revenue was driven by continued healthy customer engagement, efficient acquisition of new customers, and higher structural Sportsbook hold percentage, partially offset by customer-friendly sport outcomes. Adjusting for sport outcome impacts across periods, third quarter 2025 revenue growth was strong. In October, Sportsbook Handle increased 17% year-over-year.

“This is the most bullish I have ever felt about our future. Underlying growth in the business is accelerating and we are excited to launch DraftKings Predictions in the coming months, which we view as a significant incremental opportunity,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder.

“With handle growth accelerating and parlay handle mix continuing to increase, we are excited about the trajectory of our Free Cash Flow. We continue to focus on maximizing shareholder returns and are pleased to announce that our board authorized an increase in our share repurchase program from $1.0 billion to $2.0 billion,” said Alan Ellingson, DraftKings’ Chief Financial Officer.

Continued Customer Retention, Acquisition, and Engagement

Monthly Unique Payers (MUPs) increased approximately 2% to 3.6 million average monthly unique paying customers in the third quarter of 2025 compared to the third quarter of 2024. This increase reflects strong unique payer retention and acquisition across DraftKings’ Sportsbook and iGaming product offerings. Excluding Jackpocket, MUPs increased by 6% compared to the third quarter of 2024.

Average Revenue per MUP (ARPMUP) increased to $106 in the third quarter of 2025, representing a 3% increase compared to the same period in 2024. The increase was primarily due to increased revenue in iGaming as well as structural improvement in Sportsbook hold percentage, partially offset by customer-friendly sport outcomes for Sportsbook.

Fiscal Year 2025 Guidance

DraftKings is revising its fiscal year 2025 revenue guidance. The Company now expects fiscal year 2025 revenue of $5.9 billion to $6.1 billion. The Company’s updated guidance range equates to year-over-year growth of 24% to 28% based on the Company’s fiscal year 2024 revenue.

DraftKings is revising its fiscal year 2025 Adjusted EBITDA guidance. The Company now expects fiscal year 2025 Adjusted EBITDA of $450 million to $550 million.

The Company’s guidance includes anticipated financial impacts from DraftKings launching mobile sports betting in Missouri later this year. The Company’s guidance for fiscal year 2025 now includes the expected launch of DraftKings Predictions in the coming months, pending licensure.

Mobile Sports Betting and iGaming Footprint

DraftKings is live with mobile sports betting in 25 states and Washington, D.C., which collectively represent approximately 49% of the U.S. population. DraftKings expects to launch its Sportsbook product in Missouri pending market access, licensure, regulatory approvals, and contractual approvals where applicable.

DraftKings is also live with iGaming in 5 states, which collectively represent approximately 11% of the U.S. population.

DraftKings is live with its Sportsbook and iGaming products in Ontario, Canada, which represents approximately 40% of Canada’s population.