DraftKings appoints Gregory Wendt to board of directors
The company has named Wendt as an independent director.
US.- DraftKings has named Gregory W. Wendt to its board of directors as an independent director. Wendt’s appointment follows the recommendation of the board’s Nominating and Corporate Governance Committee, and he will serve as a member of that committee.
Wendt recently retired as a partner of Capital Group Companies, parent company of the American Funds family of mutual funds. He worked for 37 years at the firm, where he served as an investment analyst and portfolio manager with research responsibilities spanning the global casino sector and other leisure industries.
Wendt serves as a Trustee of the University of Chicago, where he earned his A.B. in Economics, and holds an M.B.A. from Harvard University.
Jason Robins, DraftKings’ chief executive officer and co-founder, said: “Greg brings deep expertise in investment management and a strong understanding of the gaming sector. His insights will be invaluable as we continue to scale our business, enhance the customer experience and strengthen DraftKings’ position as a leader in sports entertainment and technology.”
Wendt commented: “I’m honored to join the DraftKings Board at such an exciting time for the company. DraftKings continues to redefine fan engagement and the gaming landscape through innovation that drives sustainable growth, and I look forward to supporting its future success.”
DraftKings reports revenue record for Q2
DraftKings released its financial results for the second quarter of 2025, ending June 30. Revenue totalled $1.5bn, up 37 per cent compared to $1.1bn in the same period in 2024. The growth was driven by new customers and favorable outcomes in operations.
The operator’s net income was $158m, up from $63.8m in Q2 2024. Adjusted EBITDA totalled $301m, up from $128m. Monthly unique payers (MUPs) increased to 3.3 million, a 6 per cent rise from Q2 2024. Average revenue per MUP (ARPMUP) increased to $151, up 29 per cent.
