BOSTON, Nov. 06, 2025 — Leads & Copy — DraftKings Inc. (Nasdaq: DKNG) announced its third-quarter 2025 financial results, reporting revenue of $1,144 million, a 4% increase compared to $1,095 million during the same period in 2024.
The company attributed the increase to continued customer engagement, efficient acquisition of new customers, and a higher structural Sportsbook hold percentage, which was partially offset by customer-friendly sport outcomes. Adjusting for these sport outcome impacts, third-quarter 2025 revenue growth was strong. In October, Sportsbook Handle increased 17% year-over-year.
DraftKings is also revising its fiscal year 2025 revenue guidance, now expecting $5.9 billion to $6.1 billion. The company’s updated guidance range equates to a year-over-year growth of 24% to 28% based on the company’s fiscal year 2024 revenue. DraftKings is also revising its fiscal year 2025 Adjusted EBITDA guidance and now expects $450 million to $550 million.
The company’s guidance includes anticipated financial impacts from DraftKings launching mobile sports betting in Missouri later this year and the expected launch of DraftKings Predictions in the coming months, pending licensure.
“This is the most bullish I have ever felt about our future,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder. “Underlying growth in the business is accelerating and we are excited to launch DraftKings Predictions in the coming months, which we view as a significant incremental opportunity.”
Alan Ellingson, DraftKings’ Chief Financial Officer, added, “With handle growth accelerating and parlay handle mix continuing to increase, we are excited about the trajectory of our Free Cash Flow. We continue to focus on maximizing shareholder returns and are pleased to announce that our board authorized an increase in our share repurchase program from $1.0 billion to $2.0 billion.”
Monthly Unique Payers (MUPs) increased approximately 2% to 3.6 million average monthly unique paying customers in the third quarter of 2025 compared to the third quarter of 2024, reflecting strong unique payer retention and acquisition across DraftKings’ Sportsbook and iGaming product offerings. Excluding Jackpocket, MUPs increased by 6% compared to the third quarter of 2024.
Average Revenue per MUP (ARPMUP) increased to $106 in the third quarter of 2025, representing a 3% increase compared to the same period in 2024. This increase was primarily due to increased revenue in iGaming as well as structural improvement in Sportsbook hold percentage, partially offset by customer-friendly sport outcomes for Sportsbook.
DraftKings is live with mobile sports betting in 25 states and Washington, D.C., representing approximately 49% of the U.S. population. DraftKings expects to launch its Sportsbook product in Missouri pending market access, licensure, regulatory approvals, and contractual approvals where applicable.
DraftKings is also live with iGaming in 5 states, representing approximately 11% of the U.S. population. The company is live with its Sportsbook and iGaming products in Ontario, Canada, representing approximately 40% of Canada’s population.
DraftKings will host a conference call and audio webcast tomorrow, Friday, November 7, 2025, from 8:30 a.m. to 9:15 a.m. ET, during which management will discuss the company’s results and provide commentary on business performance.
Media Contact:
Media@draftkings.com
(@DraftKingsNews)
Investor Contact:
Investors@draftkings.com
Source: DraftKings Inc.
