Welcome to our dedicated page for Draftkings news (Ticker: DKNG), a resource for investors and traders seeking the latest updates and insights on Draftkings stock.
The DraftKings Inc. (DKNG) news feed on Stock Titan focuses on developments across the company’s digital sports entertainment and gambling ecosystem. DraftKings describes itself as the "Ultimate Host" for sports fans, with products spanning daily fantasy sports, regulated online sports betting, iGaming, digital lottery courier services through Jackpocket, prediction markets via DraftKings Predictions and media content on DraftKings Network. News about DraftKings often highlights how these offerings evolve within regulated markets in the United States and Canada.
Investors and followers of DKNG can use this page to track company announcements on topics such as mobile and retail sportsbook launches in new jurisdictions, expansions of iGaming under the DraftKings and Golden Nugget Online Gaming brands, and updates on daily fantasy sports availability across U.S. states and Canadian provinces. Coverage also includes partnership news with major sports leagues and media organizations, including DraftKings’ roles as an official sports betting or daily fantasy partner of leagues like the NFL, NBA, NHL, PGA TOUR, WNBA, UFC, NASCAR and MLB, as well as multi-year advertising and integration agreements with broadcasters such as NBCUniversal.
DraftKings news frequently features financial updates and strategic moves disclosed through earnings press releases and related 8-K filings, including revenue trends across sportsbook, iGaming and other revenue categories, and capital allocation decisions such as share repurchase authorizations. Additional items include product innovations, such as the launch of DraftKings Predictions under CFTC oversight, acquisitions like Railbird Technologies Inc. and Railbird Exchange, LLC to support prediction markets, and enhancements to responsible gaming and responsible trading tools.
By following this DKNG news page, readers can monitor how DraftKings’ regulated gaming footprint, partnerships, technology initiatives and responsible engagement programs develop over time, and how these factors shape the company’s position in online sports betting, iGaming, fantasy sports, lottery courier services, prediction markets and digital sports media.
DraftKings (DKNG) has scheduled the release of its first quarter 2025 financial results after market trading hours on Thursday, May 8, 2025. The company will follow this with a conference call and audio webcast on Friday, May 9, 2025, at 8:30 a.m. ET.
Management will discuss the quarterly results and provide business performance commentary during the call. Interested parties can access the audio webcast and Q&A session through DraftKings' investor relations website at investors.draftkings.com. The webcast recording will remain available for replay until June 30, 2025, at 11:59 p.m. ET.
DraftKings (DKNG) has announced several responsible gaming initiatives during Problem Gambling Awareness Month. The company is renewing its State Council Funding Program, which will distribute over $500,000 to 34 U.S. state problem gambling councils in 2025. Since its 2022 launch, the program has provided over $2 million in support.
The company is celebrating the one-year anniversary of its My Stat Sheet tool, which has attracted nearly half of all DraftKings players and recorded 13 million unique visits. This feature provides players with personalized gaming behavior insights, including time spent, deposits, withdrawals, and net wins/losses.
Additionally, DraftKings is launching a national Responsible Gaming advertising campaign with a $10 million investment. The campaign, developed with NFL and NBA branding support, will air during NCAA basketball tournaments to promote responsible gaming practices.
DraftKings (DKNG) has successfully closed a $600 million senior secured term loan B credit facility, which was upsized from the initially announced $500 million due to strong market demand. The Term Loan B will mature in March 2032 and carries an interest rate of SOFR plus 1.75% per annum.
The facility was offered at 99.50% of par value and requires annual repayment of 1.00% of its aggregate principal amount. The company plans to use the net proceeds for general corporate purposes.
DraftKings (DKNG) announced that CEO and Co-founder Jason Robins will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025, at 3:20PM ET. The fireside chat will be accessible through both the conference website and DraftKings' Investor Relations website.
DraftKings (DKNG) has announced the launch of syndication for a proposed $500 million senior secured term loan B credit facility. The company plans to use the net proceeds from this Term Loan B for general corporate purposes. The completion of this credit facility is subject to market and other conditions.
DraftKings (DKNG) reported Q4 2024 revenue of $1,393 million, up 13% from $1,231 million in Q4 2023. The company raised its 2025 revenue guidance midpoint to $6.45 billion and reaffirmed Adjusted EBITDA guidance of $900 million to $1.0 billion.
Monthly Unique Payers increased 36% to 4.8 million in Q4 2024, while Average Revenue per MUP decreased 16% to $97. The revenue growth was driven by customer engagement, new customer acquisition, Sportsbook expansion, higher structural hold percentage, and the Jackpocket acquisition, partially offset by customer-friendly NFL outcomes.
DraftKings achieved its first year of positive Adjusted EBITDA in 2024 and began executing share repurchases. The company is live with mobile sports betting in 25 states plus Washington D.C., representing 49% of the U.S. population, and iGaming in 5 states covering 11% of the population.
DraftKings (DKNG) has scheduled the release of its fourth quarter and full year 2024 financial results after market close on Thursday, February 13, 2025. The company will hold a conference call and audio webcast the following morning on Friday, February 14, 2025, at 8:30 a.m. ET, where management will discuss results and provide business performance commentary.
The audio webcast and live Q&A session will be accessible through DraftKings' investor relations website, and the recording will remain available until March 31, 2025, at 11:59 p.m. ET.
A historic $112 million Mega Millions jackpot was won by an Arizona ticket holder who ordered through the Jackpocket app, marking the largest win ever on a lottery courier app. The winner matched all six numbers drawn: 8, 10, 37, 54, 69, and Mega Ball 22.
This milestone reinforces Jackpocket's position as the leading lottery courier service, with its customers having won 61 prizes of $1 million or more to date. The app is currently available in 19 jurisdictions, offering Powerball, Mega Millions, and state lottery games. A recent survey indicated that 40% of lottery participants have used mobile apps or websites for ticket purchases in the past six months, highlighting the growing trend toward digital lottery solutions.
DraftKings (Nasdaq: DKNG) announced that CEO and Co-founder Jason Robins will participate in a fireside chat at The Craig-Hallum Online Gaming Conference on December 2, 2024, at 9:00AM ET. The event will be accessible through both the conference website and DraftKings' Investor Relations platform.
DraftKings reported strong Q3 2024 results with revenue of $1,095 million, up 39% year-over-year. Monthly Unique Payers increased 55% to 3.6 million, while Average Revenue per MUP decreased 10% to $103. The company introduced FY2025 revenue guidance of $6.2-6.6 billion and reiterated Adjusted EBITDA guidance of $900 million to $1.0 billion. However, DraftKings revised down its FY2024 guidance due to customer-friendly sport outcomes, now expecting revenue of $4.85-4.95 billion and Adjusted EBITDA of $240-280 million.