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 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.
DraftKings Inc. (Nasdaq: DKNG) has announced the release date for its third quarter 2024 financial results. The company will publish its results after market close on Thursday, November 7, 2024. Following the release, DraftKings will host a conference call and audio webcast on Friday, November 8, 2024, at 8:30 a.m. ET.
During the call, management will discuss the company's results and provide commentary on business performance. Interested parties can access the audio webcast and live Q&A session through DraftKings' investor relations website at investors.draftkings.com. The audio webcast will remain available on the website until 11:59 p.m. ET on December 31, 2024.
DraftKings (Nasdaq: DKNG) has announced that CEO and Co-founder Jason Robins will participate in the Bank of America Gaming and Lodging Conference on September 5, 2024. The event will feature a fireside chat scheduled for 12:20PM ET. Interested parties can access the live audio of the conference through the official conference website or DraftKings' Investor Relations website. This participation provides an opportunity for investors and analysts to gain insights into DraftKings' strategies and market position directly from the company's leadership.
DraftKings reported a 26% increase in Q2 2024 revenue, reaching $1,104 million, mainly due to customer engagement and the acquisition of Jackpocket. The company announced a $1.0 billion share repurchase authorization, reflecting confidence in its long-term outlook. For 2024, revenue guidance was raised to $5.15 billion, while adjusted EBITDA guidance was revised down to $380 million. Monthly Unique Payers (MUPs) rose by 50% to 3.1 million, though Average Revenue per MUP (ARPMUP) declined by 15% to $117 due to new customer promotions. DraftKings expects 2025 adjusted EBITDA to be between $900 million and $1.0 billion. CEO Jason Robins emphasized strong customer acquisition and retention, while CFO Alan Ellingson highlighted the company's healthy balance sheet.
DraftKings Inc. (Nasdaq: DKNG) has announced plans to launch its online sportsbook in Washington D.C., pending regulatory approvals. This expansion follows a market access agreement with D.C. United, potentially making Washington D.C. the 29th jurisdiction in North America for DraftKings Sportsbook. The launch will offer D.C. sports fans access to various betting markets, including same-game parlays and in-game betting.
DraftKings emphasizes its commitment to responsible gaming, offering tools like deposit limits, cool-off features, and the 'My Stat Sheet' for personalized gaming insights. The company is also an active member of the American Gaming Association, promoting responsible betting practices.