US Market News
4日前
DraftKings Announces Jason Robins’ Participation in Upcoming EventJune 9, 2026 7:30 AM
Business Wire DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company’s Chief Executive Officer and Co-founder, will participate in the following event: The 2026 Nasdaq Investor Conference in Association with Jefferies. The fireside chat is scheduled for 11:00AM BST (6:00AM EDT) on June 10, 2026. Registration and the live audio portion of the Nasdaq Investor Conference can be accessed at DraftKings’ Investor Relations website. About DraftKings
DraftKings Inc. is a digital sports and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with platforms that range across daily fantasy, regulated gaming, prediction markets and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports platform is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III LLC (d/b/a DraftKings Predictions) also operates DraftKings Predictions, offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NHL, PGA TOUR and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to delivering responsible engagement tools and resources, while focusing on integrity and customer education. Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609597322/en/ Media:
media@draftkings.com
@DraftKingsNews Investors:
investors@draftkings.com Original: DraftKings Announces Jason Robins’ Participation in Upcoming Event
US Market News
2月前
DraftKings to Release First Quarter 2026 Results on May 7, 2026 and Host Conference Call on May 8, 2026April 22, 2026 4:37 PM
Business Wire
DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2026 results after the close of market trading on Thursday, May 7, 2026.
DraftKings will host a conference call and audio webcast the following morning, Friday, May 8, 2026, at 8:30 a.m. ET, during which management will discuss the Company’s results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings’ investor relations website at ir.aboutdraftkings.com. The audio webcast will be available on the Company’s investor relations website until 11:59 p.m. ET on June 30, 2026.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NHL, PGA TOUR and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our products responsibly.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260422675375/en/
Media:
Media@draftkings.com
@DraftKingsNews
Investors:
Investors@draftkings.com
Original: DraftKings to Release First Quarter 2026 Results on May 7, 2026 and Host Conference Call on May 8, 2026
US Market News
3月前
DraftKings and ESPN Detail Plans to Provide Account Linking for CustomersMarch 6, 2026 10:46 AM
Business Wire
Cross-platform collaboration will bring exclusive, personalized features such as “Bet Your Bracket” to DraftKings Sportsbook
DraftKings Inc. (NASDAQ: DKNG) (“DraftKings” or the “Company”) and ESPN today unveiled details at the MIT Sloan Sports Analytics Conference for account linking between DraftKings’ No. 1-rated Sportsbook and ESPN. Customers will be able to unlock a more personalized and streamlined experience by linking their accounts, along with access to exclusive features such as the new “Bet Your Bracket” offering. Account linking is launching ahead of the March Madness men’s and women’s tournaments, which most recently drew its highest viewership in over 30 years. Fans who link their accounts will receive one free month of ESPN Unlimited.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260306531526/en/MIT Sloan Sports Analytics Conference Power Players: ESPN and DraftKings Reshape Sports Betting for the Fan with Stephen A. Smith, Jason Robins, Burke Magnus, and Kevin Negandhi. Photo Credit: Jeff Pinette for MIT Sloan Sports Analytics Conference
Once live, DraftKings customers can open their Sportsbook app and navigate to the Bet Your Bracket tab to link their ESPN account. After linking, fans who created a bracket in ESPN’s No. 1 college basketball bracket game, ESPN Tournament Challenge, will automatically gain access to a personalized betting experience. Features include wagers aligned with their bracket picks, along with tailored suggestions and additional ways to engage throughout the tournament.
“DraftKings and ESPN share a deep passion for sports and a commitment to enhancing how fans engage with the moments that matter most—especially during the pinnacle of the college basketball season,” said Stephanie Sherman, Chief Marketing Officer of DraftKings. “As we work toward bringing the full DraftKings sports experience together nationwide through our upcoming Super App, DraftKings Sports & Casino, integrating account linking with ESPN is a natural step in creating a more seamless, connected platform for fans.”
“Account linking creates a level of personalization that no one else in the market can match,” said Mike Morrison, Vice President of ESPN Betting & Fantasy. “The Bet Your Bracket feature during March Madness is just the start. Soon fans will be able to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com, and receive bets and timely promotions based on their favorite sports, teams, players, and fantasy rosters.”
The ESPN and DraftKings account linking reflects a strategic collaboration that goes beyond a traditional marketing arrangement, redefining how fans engage with sports. This forward-thinking approach is emblematic of DraftKings’ broader vision, including initiatives like DraftKings Predictions, which expands interactive opportunities for fans in states such as California, Florida, and Texas to participate in marquee sports events like March Madness.
Together, DraftKings and ESPN will continue to collaborate to advance a shared commitment to responsible gaming. Customers can visit rg.draftkings.com for tools and resources.
Additional details will be shared closer to launch. To get ready for the excitement of March Madness and experience these exclusive upcoming features, eligible customers can download the DraftKings Sportsbook app and the ESPN app.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 29 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our products responsibly.
All of ESPN. All in One Place.
ESPN offers its full suite of networks and services directly to fans on the ESPN App, providing more choice, flexibility and access to all of ESPN, including more than 47,000 live events per year, on-demand replays, industry-leading studio shows and original programming, and more. The ESPN App gives fans a unique viewing experience that includes multiview and synchronized two-screen viewing options, swipe-able vertical video and a personalized SportsCenter For You, as well as integrated game stats, ESPN Fantasy sports, betting odds and information from DraftKings, sports merchandise, and more. These features are available to all fans who watch on the ESPN App on mobile and connected TV devices, whether they subscribe directly or through a pay TV package. Bundling options available for fans include a limited time offer for the ESPN DTC Unlimited plan with Disney+ and Hulu for $29.99/month for the first 12 months. For more visit stream.espn.com.
Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” ”would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260306531526/en/
Media:
Media@draftkings.com
Original: DraftKings and ESPN Detail Plans to Provide Account Linking for Customers
US Market News
3月前
Arkansas Winner Sets New Jackpocket Record, Wins $250.8 Million Powerball® Jackpot From Ticket Ordered Using Jackpocket AppMarch 4, 2026 10:05 AM
Business Wire
Today, Jackpocket announced that a $250.8 million winning ticket was ordered using Jackpocket, America’s No. 1 lottery courier app*. The lucky winner ordered the ticket in Arkansas and matched all winning numbers during Monday night’s Powerball drawing – 2, 17, 18, 38, 62 – plus the Powerball® (20). This was only the winner's second order using the Jackpocket app.
“We’re thrilled for our customer in Arkansas and amazed that just their second order placed with Jackpocket resulted in a life-changing $250.8 million jackpot — setting a new Jackpocket record,” said Pete Sullivan, SVP, Lottery at DraftKings. “This historic win underscores our commitment to delivering a best-in-class, secure, and seamless lottery experience for our customers.”
The jackpot marks the largest prize ever won from a ticket ordered through Jackpocket, further solidifying the app’s reputation as the leader in the lottery courier space. To date, Jackpocket customers across the nation have now won 80 prizes of $1 million or more.
“The Arkansas Scholarship Lottery is proud to celebrate this $250.8 million win alongside our retail partner, Jackpocket,” said Arkansas Scholarship Lottery Executive Director Sharon Strong. “Through our collaboration, we have been able to provide Arkansans with more convenient ways to play lottery games, now leading to this historic moment. We look forward to celebrating even more wins, both big and small, as we raise proceeds to benefit our students and our state.”
Jackpocket is currently available in 17 jurisdictions where lottery fans can order lottery tickets using the Jackpocket app for Powerball®, Mega Millions®, and local state lottery games right from their phone. The winning ticket was purchased at Winners Corner, an authorized and licensed retailer in Little Rock, AR.
For more information on the Arkansas Scholarship Lottery, visit https://www.myarkansaslottery.com, and for additional details on Jackpocket, visit play.jackpocket.com or download the Jackpocket app on iOS or Android.
* Based on 2025 iOS download data collected by Sensor Tower.
About Jackpocket
Jackpocket is on a mission to create a more convenient, fun, and responsible way to take part in the lottery. The first licensed third-party lottery courier app in the United States, Jackpocket provides an easy, secure way to order official state lottery tickets. Jackpocket is currently available in Arizona, Arkansas, Colorado, Idaho, Maine Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Puerto Rico, Washington D.C., and West Virginia, and is planning to expand to new jurisdictions. Digital scratch-off tickets are available for customers to order using the app in Arizona, Colorado, Massachusetts, Ohio, Montana, and Oregon. Jackpocket is a subsidiary of DraftKings Inc. (Nasdaq: DKNG). Download the app on iOS and Android or participate via desktop. Follow along on Facebook, Twitter, and Instagram.
About the Arkansas Scholarship Lottery
The Arkansas Scholarship Lottery (ASL) creates winning people, winning futures, and winning moments. Since 2009, the ASL has sold over $8 billion and returned more than $1.5 billion for scholarships to benefit Arkansas students. More than 822,000 college scholarships distributed by the Arkansas Department of Higher Education have been awarded to Arkansans. As of Jan. 31, 2026, the lottery has awarded more than $5.7 billion in prizes to players, more than $473 million in retailer commissions, and provided more than $424 million in state and federal tax revenue.
Follow the Arkansas Scholarship Lottery on Facebook, X, formerly known as Twitter, and Instagram. Visit MyArkansasLottery.com for more information on scholarships, winners, games, odds, promotions – and to join The Club for free. To get help with problem gambling, contact the National Problem Gambling Helpline at 1-800-522-4700.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260304095516/en/
Media Contacts
media@draftkings.com
Original: Arkansas Winner Sets New Jackpocket Record, Wins $250.8 Million Powerball® Jackpot From Ticket Ordered Using Jackpocket App
US Market News
4月前
DraftKings Secures License To Provide Its Top-Rated Online Sportsbook App in Arkansas on Behalf of Southland Casino HotelFebruary 26, 2026 2:48 PM
Business Wire
Agreement with Southland Casino Hotel paves the way for DraftKings to enter Arkansas
DraftKings Inc. (Nasdaq: DKNG) (“DraftKings”) today announced that the Arkansas Racing Commission has approved the company for licensure, allowing DraftKings to soon launch its top-rated online sportsbook in the state, on behalf of Southland Casino Hotel, pending final regulatory approvals. The pending launch follows a market access agreement with Southland Casino Hotel. The addition of Arkansas expands the access of DraftKings Sportsbook to more than 2 million adult residents in the state, increasing coverage of the product to 53% of the U.S. population.
Eligible customers in Arkansas will have access to DraftKings’ industry-leading online sportsbook, featuring a wide range of betting options including same-game parlays, in-game wagering, special odds boosts, and more. Customers will also have access to DraftKings’ robust suite of responsible gaming tools and resources.
“We’re excited to team up with Southland Casino Hotel to bring DraftKings’ top-rated mobile sportsbook to Arkansas and introduce fans to our best-in-class sports betting offering,” said Gregory Karamitis, DraftKings Executive Vice President and General Manager of Sports. “As March Madness approaches and several major sports are underway, we look forward to serving Arkansas customers with innovative features, including our No. 1 live betting experience and a continued commitment to responsible gaming.”
Arkansas will mark the 30th U.S. state, in addition to Washington, D.C., Ontario, Canada, and Puerto Rico, where DraftKings operates regulated sports betting.
DraftKings offers a comprehensive suite of responsible gaming tools, including My Stat Sheet, which allows customers to track personalized gaming activity, and My Budget Builder, which helps customers set custom limits and reminders through a guided, easy-to-use experience.
More information about DraftKings is available at www.draftkings.com and fans can download the DraftKings mobile apps via iOS and Android here.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 29 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR, and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our products responsibly.
Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” ”would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226707290/en/
media@draftkings.com
@DraftKingsNews
Original: DraftKings Secures License To Provide Its Top-Rated Online Sportsbook App in Arkansas on Behalf of Southland Casino Hotel
US Market News
4月前
DraftKings Launches Online Sportsbook in Puerto Rico, Expanding Access for ResidentsFebruary 23, 2026 1:40 PM
Business Wire
DraftKings Inc. (Nasdaq: DKNG) (“DraftKings”) today announced the official launch of its online sportsbook in Puerto Rico, further expanding DraftKings top-rated product to sports fans across the island. DraftKings’ online sportsbook will be available to Puerto Rico residents beginning February 23, 2026, following the recent opening of the DraftKings retail sportsbook at Foxwoods El San Juan Casino in November.
DraftKings’ online sportsbook is currently only available to residents of Puerto Rico. Eligible new customers must register in person at Foxwoods El San Juan Casino before accessing the online sportsbook. Once registration is completed on-site, local customers will have full access to DraftKings’ online sportsbook features, including same-game parlays, in-game wagering, and special odds boosts, across a wide range of sporting events and leagues such as MLB, NFL, NBA, and more.
Non-residents are not currently eligible to access DraftKings’ online sportsbook in Puerto Rico. However, visitors may place wagers in person at the DraftKings retail sportsbook located at Foxwoods El San Juan Casino.
“Puerto Rico has a passionate sports community and launching our online sportsbook allows us to meet fans where they are,” said Gregory Karamitis, DraftKings Executive Vice President and General Manager of Sports. “With retail already live at Foxwoods El San Juan Casino, mobile represents the next step in expanding the DraftKings experience across the island—giving eligible local customers a seamless, exciting, and responsible way to engage with sports.”
Responsible gaming remains a shared priority for DraftKings, the Mashantucket Pequot Tribal Nation, and Foxwoods El San Juan Casino. DraftKings offers a comprehensive suite of responsible gaming tools, including My Budget Builder and My Stat Sheet, available through the DraftKings Responsible Gaming Center to help customers play responsibly.
For more information on registration requirements and DraftKings Sportsbook, please visit www.foxwoodsesj.com or www.draftkings.com.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 29 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR, and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our products responsibly.
Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” ”would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260223605507/en/
Media Contacts
media@draftkings.com
@DraftKingsNews
Original: DraftKings Launches Online Sportsbook in Puerto Rico, Expanding Access for Residents
abrooklyn
3年前
FORM 10-Q
(Quarterly Report)
Filed 05/05/23 for the Period Ending 03/31/23
https://www.otcmarkets.com/filing/conv_pdf?id=16625877&guid=C2u-kn8hn_cHJth
DraftKings Reports First Quarter Revenue of $770 Million; Raises 2023 Revenue Guidance Midpoint to $3.185 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($315) Million
Source: GlobeNewswire Inc.
DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2023 financial results. The Company also posted a first quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.
First Quarter 2023 Highlights
For the three months ended March 31, 2023, DraftKings reported revenue of $770 million, an increase of 84% compared to $417 million during the same period in 2022 driven primarily by efficient acquisition of new customers, product innovation driving higher hold percentage, decreased promotional intensity in more mature states, and continued healthy customer retention.
"DraftKings’ first quarter performance – 84% year-over-year revenue growth and share gains underpinned by a relentless focus on operational efficiency – demonstrates that this is a company positioned for sustained success,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder. “We delivered highly successful online sportsbook launches in Ohio and our home state of Massachusetts and continued to create meaningful product differentiation driven by in-house innovations. We acquired customers faster and more efficiently and, importantly, saw healthy retention across cohorts. Looking at the remainder of 2023, I am confident DraftKings is well-positioned to achieve profitability on an Adjusted EBITDA basis in the near-term and deliver long-term value for our shareholders.”
“Strong execution across the organization is showing up in our results,” added Jason Park, DraftKings’ Chief Financial Officer. “Revenue grew at a healthy rate due to core drivers around customer acquisition, retention and monetization, including decreased promotional intensity and higher structural hold. In addition, our efficiency efforts produced clear results as demonstrated by significant year-over-year increases in gross margin and Adjusted EBITDA. Therefore, we are increasing the midpoint of our fiscal year 2023 revenue guidance to $3.185 billion from $2.95 billion and improving the midpoint of our fiscal year 2023 Adjusted EBITDA guidance to ($315) million from ($400) million.”
Continued Healthy Growth in Customer Retention, Acquisition, and Engagement
Monthly Unique Payers (“MUPs”) increased to 2.8 million average monthly unique paying customers in the first quarter of 2023, representing an increase of 39% compared to the first quarter of 2022. This increase reflects strong unique payer retention and acquisition across DraftKings’ Sportsbook and iGaming products as well as the expansion of its Sportsbook and iGaming products into new jurisdictions.
Average Revenue per MUP (“ARPMUP”) was $92 in the first quarter of 2023, representing a 35% increase compared to the same period in 2022. This increase was primarily due to improvement in the Company’s structural sportsbook hold rate and reduced promotional intensity.
Detailed financial data and other information for the first quarter of 2023 is available in the financial statements set forth below under the caption “Financial Results.”
Raising 2023 Revenue Guidance and Improving 2023 Adjusted EBITDA Guidance
DraftKings is raising its fiscal year 2023 revenue guidance to a range of $3.135 billion to $3.235 billion from the range of $2.85 billion to $3.05 billion, which the Company previously announced on February 16, 2023. The Company’s updated 2023 revenue guidance range equates to year-over-year growth of 40% to 44%.
DraftKings is also improving its fiscal year 2023 Adjusted EBITDA guidance. The Company now expects fiscal year 2023 Adjusted EBITDA of between ($290) million and ($340) million compared to its prior fiscal year 2023 Adjusted EBITDA guidance of between ($350) million and ($450) million, which the Company previously announced on February 16, 2023.
The Company’s revenue and Adjusted EBITDA guidance for fiscal year 2023 includes all the existing jurisdictions in which it is live plus Puerto Rico, in which it expects to launch during the guided period.
Expanded Mobile Sports Betting Footprint
DraftKings is live with mobile sports betting in 21 states that collectively represent approximately 44% of the U.S. population following the launch of its online Sportsbook product in Massachusetts on March 10, 2023.
DraftKings is also live with iGaming in 5 states, representing 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.
Kentucky and Puerto Rico have authorized mobile sports betting and collectively represent approximately 2% of the U.S. population. DraftKings expects to launch its Sportsbook product in these jurisdictions pending licensure and regulatory approvals.
In 2023, 12 states that collectively represent approximately 24% of the U.S. population have either introduced legislation to legalize mobile sports betting or introduced bills that may result in sports wagering referendums during an upcoming election. In addition, 5 states that collectively represent approximately 14% of the U.S. population have either introduced legislation to legalize iGaming or introduced a bill that may result in an iGaming referendum during an upcoming election.
Webcast and Conference Call Details
As previously announced, DraftKings will host a conference call and audio webcast tomorrow, Friday, May 5, 2023, at 8:30 a.m. ET, during which management will discuss the Company’s results for the quarter and provide commentary on business performance. A question and answer session will follow the prepared remarks.
To listen to the audio webcast and live question and answer session, please visit DraftKings’ investor relations website at investors.draftkings.com. A live audio webcast of the earnings conference call will be available on the Company’s website at investors.draftkings.com, along with a copy of this press release, the Company’s Quarterly Report on Form 10-Q, a slide presentation and a first quarter 2023 business update. The audio webcast will be available on the Company’s investor relations website until 11:59 p.m. ET on June 30, 2023.