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DraftKings Posts Strong Q3 Results, Posts FY26 and FY27 Guidance
DraftKings has published its financial results for Q3 2026, reporting a period of strength and highlighting a double-digit increase in revenue thanks to healthy customer engagement and higher sportsbook net revenue margin. Emboldened by the strong performance, the company introduced an optimistic FY 2027 guidance. The…
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DraftKings cuts 2026 earnings forecast by up to $625 million as quarterly losses nearly double
16% increase in third-quarter revenue
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DraftKings’ Robins optimistic on predictions outlook but shares sink on Q3 earnings miss, lower guidance
While the DraftKings' CEO is pleased that it retains a podium spot in predictions, Wall Street analysts expressed concern with subdued guidance
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DraftKings’ Robins cites strong performances across all segments as revenue increases in third quarter
Jason Robins really wasn’t chiding analysts on missing an element of DraftKings’ performance. But during the third-quarter earnings call, Robins reminded everyone about how remarkably the company is faring. “I think the fact that we’ve been doing so well, we’ve actually been able to have strong share performance,” he …
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DraftKings apuesta al mercado de predicciones pese a la incertidumbre legal
DraftKings quiere que los inversores crean que puede ganar la batalla en el mercado de las predicciones, incluso si pierde la batalla legal. La carta a los accionistas y la […]
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DraftKings Revenue Rises 16%, but Mounting Losses and Prediction Markets Spending Weigh on Outlook
DraftKings reported $1.33 billion in third-quarter revenue, but rising expenses, a widening quarterly loss and reduced annual guidance reveal the financial cost of its aggressive expansion into prediction markets. DraftKings generated more than $1.3 billion in revenue during the third quarter of 2026, yet the company’…
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DraftKings Cuts Its Earnings Outlook to Pay for Predictions Growth
DraftKings spent $605.7 million on sales and marketing in the third quarter, up from $360.4 million a year earlier. Operating cash flow for the first nine months fell to $63.0 million from $342.4 million. The post DraftKings Cuts Its Earnings Outlook to Pay for Predictions Growth appeared first on iGaming Express.
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DraftKings slashes 2026 profit forecast on spiralling PM costs
Overall adjusted EBITDA for 2026 is expected to range between $175m and $275m, dramatically lower when compared with previous guidance of $700m to $900m The post DraftKings slashes 2026 profit forecast on spiralling PM costs appeared first on NEXT.io.
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DraftKings revenue reaches $1.3 billion in third quarter
DraftKings on Thursday announced that revenue for the third quarter was $1.3 billion, an increase of $185 million, or 16%, compared to $1.1 billion million during the same period in 2025. A news release said that the revenue increase was “driven primarily by continued healthy customer engagement and higher sportsbook …
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FanDuel Explains How It Tracks and Reacts to Suspected Gambling Harm
The names of FanDuel and DraftKings are increasingly brought up when it comes to leveraging technology, with the New York-based company now stepping forward to explain how it tracks, detects, and intervenes in instances of problem gambling. FanDuel Adds Fast Facts to Speak about RG Practices The increased scrutiny com…
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DraftKings, FanDuel, Fanatics scale back Utah prediction markets after Kalshi charges
Utah files 14 criminal charges against Kalshi
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DraftKings, FanDuel y Fanatics se retiran de los mercados de predicción en Utah
Los cargos por delitos graves presentados por Utah contra Kalshi alarmaron a los operadores de apuestas deportivas. Esta semana, el estado —que mantiene una postura contraria a los juegos de […]
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Nebraska Voters to Decide Fate of Mobile Sports Betting
Nebraska voters will decide on November 3 whether to legalize statewide mobile sports betting, ending a campaign that has attracted more than $22.5 million in contributions. DraftKings and FanDuel have contributed the bulk of the money, donating about $10.4 million each to back the proposed changes. Nebraska Sports Be…
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Jason Robins Says Parents Should Talk to Their Kids About Gambling
The range of uncomfortable topics parents ought to talk to their children about has just grown a little longer, with Jason Robins, DraftKings CEO, urging adults to also talk to their offspring about gambling addiction. DraftKings CEO Calls on Parents to Have ‘The Talk’ with Their Kids In a CNBC interview published on …
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Stifel Cuts Third-Quarter Estimates for Four US Gambling Names
Stifel cut third-quarter adjusted EBITDA estimates for DraftKings, Flutter, Rush Street Interactive and Sportradar in an October 25 note, days before the companies report. The post Stifel Cuts Third-Quarter Estimates for Four US Gambling Names appeared first on iGaming Express.
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NBA names Kalshi and Polymarket preferred prediction market exchanges
DraftKings partnership also expanded NBA Commissioner Adam Silver.
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Flutter and DraftKings Are Worth Less Than Kalshi’s Reported $40 Billion Valuation
Flutter and DraftKings are worth $24.44 billion combined, less than Kalshi's reported $40 billion valuation, after ten months in which the sector's multiples and its earnings both fell. The post Flutter and DraftKings Are Worth Less Than Kalshi’s Reported $40 Billion Valuation appeared first on iGaming Express.
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FanDuel and DraftKings Hit With Class Action Lawsuit in Louisiana
A class action lawsuit was filed in Louisiana against online sports betting companies FanDuel and DraftKings, accusing them of designing and marketing their apps to encourage and exploit addictive gambling behaviors. Lawsuit Filed Against FanDuel and DraftKings According to the lawsuit, the companies use a predatory d…
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NBA signs prediction market deals with Kalshi and Polymarket
The league has also signed an information-sharing agreement with the CFTC and extended its DraftKings deal to cover prediction markets across the US. The National Basketball Association (NBA) has named Kalshi and Polymarket as its ‘Preferred Prediction Market Exchanges’. It has also become the third league, after the …
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Four Leagues Have Signed With Prediction Markets. The NFL Has Gone to the Supreme Court Instead
The NBA signed agreements with Kalshi, Polymarket and DraftKings on October 26, making it the fourth North American league with… The post Four Leagues Have Signed With Prediction Markets. The NFL Has Gone to the Supreme Court Instead appeared first on iGaming Express.
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NBA Dives Into Sports Predictions, Partners With Kalshi, Polymarket, DraftKings
The NBA announced partnerships with Kalshi, Polymarket and DraftKings Predictions while signing a memorandum of understanding with the Commodity Futures Trading Commission covering integrity in...
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Prediction Market roundup: Robins pleased as DraftKings ascends to bronze in rankings
While DraftKings continues to lag behind Kalshi and Polymarket in notional volume, Robins appears delighted that trading levels have soared in recent weeks
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DraftKings CEO Robins says company in win-win position in prediction market legal battle
DraftKings has been offering sports event contracts through its app for almost a year now, but CEO Jason Robins has made it clear they will not offer prediction markets in states where they are licensed to offer sports betting. But was that decision the right move for the company to make? Robins explained that it... R…
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State regulations do not apply to federally regulated event contracts, attorneys say
The core dispute surrounding sports event contracts offered by federally regulated designated contract markets (DCMs) is who gets to regulate the products offered by Kalshi, Polymarket, DraftKings and other prediction market companies. The industry’s position is they are federally regulated derivatives that are traded…
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DraftKings’ DKeX Platform May Be the Third-Largest in the US, Company in No Hurry, Though
DraftKings’ dedicated prediction market platform, DKeX, is doing well, the sportsbook company’s boss has recently commented. In fact, it is doing so well, argues CEO and co-founder Jason Robins, that it may be the third-largest in the United States, speaking at the NEXTPredict Summit in New York City. DKeX Solidifies …
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DraftKings CEO says DKeX is now the No. 3 prediction market exchange in the US
Despite limited state footprint
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Analysts Update DraftKings, FanDuel Expectations Ahead Of Earnings
Two gaming analysts tweaked expectations for DraftKings and FanDuel parent Flutter ahead of third quarter earnings reports. Barry Jonas of Truist and Julie Hoover of Bank of America both noted that...
Read summary →Louisiana Defers Final Decision on DraftKings License Until It Studies How the Company Uses AI
The Louisiana Gaming Control Board (LGCB) has voted unanimously on Thursday to conditionally approve DraftKings for a four-month license extension. A final decision is expected on the day after a planned license hearing on February 18, 2027. LGCB to Look into Certain Aspects of DraftKings Practices Before It Confirms …
Read summary →DraftKings Tells Louisiana It Has No Reason to Hunt for Losing Bettors: Most of Them Lose Anyway
DraftKings will keep taking bets in Louisiana, but on probation. On 15 October the Louisiana Gaming Control Board voted unanimously… The post DraftKings Tells Louisiana It Has No Reason to Hunt for Losing Bettors: Most of Them Lose Anyway appeared first on iGaming Express.
Read summary →DraftKings Faces Regulatory Setback in Louisiana
Louisiana state regulators declined to renew DraftKings’ full gambling license. However, the platform remains available in the state, as officials gave the sportsbook a conditional extension while they investigate its business practices, use of artificial intelligence, and responsible gaming measures. DraftKings must …
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Louisiana grants DraftKings conditional license extension amid AI and responsible gambling probe
Full hearing set for February
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DraftKings gets conditional Louisiana licence extension through Feb 19
DraftKings licence extension in Louisiana runs through February 19 as regulators investigate shareholder suitability and AI-related allegations. The post DraftKings gets conditional Louisiana licence extension through Feb 19 appeared first on CasinoBeats.
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Louisiana: Regulators delay DraftKings license renewal over AI concerns
DraftKings’s application for renewal of its sports betting permit in Louisiana has been put on hold until early next year, after regulators continue to investigate reports over the company’s use of artificial intelligence and the suitability of some shareholders. The Louisiana Gaming Control Board (LGCB) voted unanimo…
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Louisiana Regulators Delay Full DraftKings License Renewal Amid AI Investigation
Most sports betting and casino license renewals are relatively standard, but DraftKings proved an exception to the rule in Louisiana on Thursday. The Louisiana Gaming Control Board had plenty of...
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Missouri Man Robbed Woman at Gunpoint After Following Her Across State Border
Ronnell L. Williams, 36, from St. Louis, Missouri, is accused of robbing a woman after watching her win $3,200 at DraftKings at Casino Queen in East St. Louis, Illinois, and then following her and threatening her at gunpoint. Williams is Accused of Robbing the Casino Winner After Stalking Her According to the St. Loui…
Read summary →Report: FTC Reviewing Online Sports Betting Industry
The Federal Trade Commission has started a review of online sportsbooks, including U.S. sports betting leaders DraftKings and FanDuel, according to The Washington Sun. The Sun reported Tuesday that...
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Where The Sun Don’t Shine: Seminole Tribe Suing DraftKings In Florida
EXCLUSIVE: The Seminole Tribe of Florida is suing DraftKings, accusing the sports betting giant of conducting an illegal gambling business–a la prediction... Read More...
Read summary →Donde el sol no brilla: La tribu Seminole demanda a DraftKings en Florida
EXCLUSIVO: La Tribu Seminole de Florida está demandando a DraftKings, acusando al gigante de las apuestas deportivas de operar un negocio de... Leer más... La entrada Donde el sol no brilla: La tribu Seminole demanda a DraftKings en Florida se publicó primero en iGaming Futuro.
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Prediction market roundup: NFL files amicus brief with Supreme Court
The week includes a 32-page brief filed by the NFL on market integrity, as well as a high-profile suit by a Florida tribe against DraftKings.
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Seminole Tribe sues DraftKings over alleged illegal sports betting in Florida
Gaming compact violations alleged
Read summary →Ahead of Key Nebraska Vote: DraftKings and FanDuel Add Another $7M
DraftKings and FanDuel have each contributed another $3.5 million to the campaign aimed at legalizing online sports betting in Nebraska. Their latest generosity now brings the total raised by supporters to approximately $14.65 million ahead of the November 3 election. Bigger Stake The latest donations to Tax Relief Ne…
Read summary →DraftKings Sued By Seminole Tribe Over Sports Predictions In Florida
The Seminole Tribe of Florida is suing DraftKings, alleging the company’s prediction markets and fantasy sports offerings violate the Tribe’s exclusive rights to operate sports betting in...
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BofA Said “Buy,” DraftKings Shares Went Up 5%
DraftKings shares rose about 5% after Bank of America upgraded the sports betting company from “Neutral” to “Buy,” pointing to the growing potential of prediction markets. Analyst Julie Hoover kept a $27 price target for DraftKings, which entered the prediction market scene after buying Railbird Technologies Inc. and …
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Kalshi, Polymarket y la nueva amenaza para DraftKings y FanDuel
El reciente desdén—atribuido al CEO de DraftKings, Jason Robins, pero en realidad pronunciado por su cofundador Matt Kalish—al referirse a Kalshi y... Leer más... La entrada Kalshi, Polymarket y la nueva amenaza para DraftKings y FanDuel se publicó primero en iGaming Futuro.
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Reporter Tests the Limits of DraftKings’ Problem Gambling Safeguards
ProPublica reporter Jake Pearson recently launched an experiment to check the effectiveness of DraftKings’ problem gambling safeguards by opening an account with the operator and recording his betting journey as he triggered every red flag. His findings were concerning, especially considering several ongoing lawsuits …
Read summary →DraftKings Shares Climb As Bank Of America Upgrades To Buy
DraftKings shareholders have something to cheer about after a rough few weeks that saw the stock dip to its lowest point in years. Julie Hoover of Bank of America upgraded DraftKings to buy from...
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DraftKings Hit With Class-Action Suit Over AI Tools Allegedly Targeting Addicted Bettors
A West Virginia man has filed a proposed class action against DraftKings, accusing the Boston-based sports betting company of using artificial intelligence to push people toward irresponsible gambling. The suit was filed last Wednesday in U.S. District Court in Boston. Daniel Vest, the plaintiff, claims DraftKings fla…
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Wall Street Bets: G2E, DraftKings
David Katz of Jefferies on October 5 weighed in on the recent Global Gaming Expo: “G2E reinforced our view that gaming equities remain caught between weak near-term narratives and stronger long-term earnings power. Prediction markets again dominated discussions, alongside demand trends, consumer health, and capital al…
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Maine Is Monitoring DraftKings Over NYT Report Alleging AI Is Used to Keep Gamblers Playing More
Gambling regulators in Maine are now actively monitoring DraftKings, one of America’s largest sports betting companies, after a report by The New York Times suggests that the company has been using AI technology to keep people playing more. NYT Report Continues to Get DraftKings in Trouble Across the Nation The compan…
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New Lawsuit Accuses DraftKings of Using AI to Target Problem Gamblers
A proposed Massachusetts class action lawsuit against DraftKings alleges that the sports betting company used artificial intelligence to identify customers most likely to respond to gambling promotions, including people showing signs of problem gambling. Notably, none of these allegations have been proven in court, an…
Read summary →MGM, Caesars Not Risking Casino Licenses For Prediction Markets
MGM Resorts and Caesars Entertainment have no plans to follow DraftKings or FanDuel into prediction markets, as casino executives warn that doing so could jeopardize their larger businesses. MGM CEO...
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Michael Jordan, DraftKings and Sportradar discuss the future of sports at SBC Summit Lisbon
Day 1 highlight
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DraftKings becomes NHL on Prime's exclusive betting sponsor
Exclusive sportsbook, casino integrations
Read summary →Michigan Regulators Reviewing Issues Raised In DraftKings AI, VIP Reports
The Michigan Gaming Control Board told LSR it is reviewing the issues raised in recent New York Times and ProPublica reports on DraftKings‘ use of artificial intelligence and machine learning...
Read summary →Be Like Mike! Jordan mindset leads Sportradar & DraftKings’ audience evolution
Buzz words are nice, but the stakes are stacking up for sports, wagering and technology leaders as to who will dominate and commercialise future audiences. “Nothing is linear anymore. We must expect that sports live in a mixed environment. But there is now an opportunity to commercialise every element, data point, bro…
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SBC Summit: Michael Jordan on sport branding, NASCAR, and more
Michael Jordan headlined SBC Summit in a rare event appearance to speak on the dynamics and differences between sports branding in his time vs. today, his work with DraftKings and Sportradar, and why he is up for the challenge as a NASCAR team owner. NBA legend and business entrepreneur Michael Jordan believes there i…
Read summary →SBC Summit Lisbon 2026: live with Michael Jordan and more
Today’s the day. Day one of the 2026 edition of the SBC Summit in Lisbon is underway, with speeches and insights from the CEOs of the likes of DraftKings, Sportradar, Super Technologies, basketball legend Michael Jordan, and a plethora of legal, technology and business experts from across the realms of betting, gaming…
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DraftKings Joins NHL for 2026/27 as Exclusive Sportsbook Partner on Prime
With the new National Hockey League (NHL) season set to get underway on Wednesday, September 30, with the Toronto Maple Leafs hosting the New York Islanders, the league has expanded its marketing and reach through a new tie-up with DraftKings covering the 2026-27 regular season. DraftKings Forges New Deal with NHL for…
Read summary →DraftKings Partners with Prime Video for NHL Coverage
DraftKings has agreed a sponsorship deal with Prime Video covering its NHL broadcasts in Canada during the 2026-27 season. Under the agreement,... Read More...
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Hot Copy: What’s in a bonus?
You have been chosen The New York Times took a deep dive this week into how DraftKings uses artificial intelligence to decide which customers should receive betting promotions, and found that the same data could potentially be used to identify gamblers at risk of developing problems. The investigation, based on interv…
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