DraftKings reports Q1 revenue growth
Revenue increased 17 per cent year-over-year.
US.- DraftKings has published its first quarter 2026 financial results. For the three months ended March 31, the company reported revenue of $1.65bn, up 17 per cent year-over-year. The increase was ascribed to customer acquisition and engagement as well as a higher sportsbook net revenue margin.
Monthly Unique Payers (MUPs) decreased 4 per cent to 4.2m, primarily due to the lottery exit from Texas in 2025. Excluding that impact, MUPs increased by 2 per cent. Average Revenue per MUP (ARPMUP) was $131, up 2 per cent, primarily due to an improvement in sportsbook net revenue margin.
Jason Robins, DraftKings’ chief executive officer and co-founder, said: “We are off to a fantastic start to the year as our first quarter results exceeded our expectations. Our core business is strong, and profitability is inflecting. That gives us the firepower to press our advantage in Predictions. With our Super App, market making capabilities, proprietary exchange, and combos coming together, we intend to establish a leadership position in Sports Predictions before year-end.”
Alan Ellingson, DraftKings’ chief financial officer, added: “The business continues to scale efficiently as we grow revenue, expand profitability, and invest in high-return opportunities. We continue to expect fiscal year 2026 revenue of $6.5bn to $6.9bn and Adjusted EBITDA of $700m to $900m.”
DraftKings recently announced its intent to launch its online sports betting and casino products in Alberta when regulated online gaming launches in the Canadian province on July 13. Alberta would represent its second province in Canada after Ontario and its 34th jurisdiction in North America for online sports betting and seventh for online casino.
