{"id":9078,"date":"2025-05-09T03:02:33","date_gmt":"2025-05-09T03:02:33","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/09\/draftkings-reports-q1-revenue-jump-to-1-4-billion\/"},"modified":"2025-05-09T03:02:33","modified_gmt":"2025-05-09T03:02:33","slug":"draftkings-reports-q1-revenue-jump-to-1-4-billion","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/09\/draftkings-reports-q1-revenue-jump-to-1-4-billion\/","title":{"rendered":"DraftKings Reports Q1 Revenue Jump to $1.4 Billion"},"content":{"rendered":"<div>\n<p>DraftKings closed out the first quarter of 2025 with steady growth in revenue, rising customer numbers, and improved operational performance, although it still posted a net loss. The company credits several key developments, including a strategic acquisition and product upgrades, for its upward momentum.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>DraftKings reported $1.4 billion in Q1 revenue, up nearly 20% from last year.<\/strong><\/em><\/li>\n<li><em><strong>Adjusted EBITDA jumped over 350% to $102.6 million.<\/strong><\/em><\/li>\n<li><em><strong>Monthly unique players rose to 4.3 million in the first quarter.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>In Q1 2025, DraftKings generated $1.4 billion in revenue, reflecting a 19.9% year-over-year increase. A large portion of that, nearly $882 million, came from sportsbook operations, which saw a 20.1% bump compared to the same period last year.<\/p>\n<p>The operator reported a net loss of $33.9 million for the quarter. However, this was a major improvement from the $143.8 million loss posted in Q1 2024. Adjusted EBITDA reached $102.6 million, which marks a sharp 358.4% improvement year-over-year.<\/p>\n<p>CEO Jason Robins pointed to recent progress as a major factor behind these results. <em>\u201cRecent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment,\u201d<\/em> he said.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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That contributed to a sportsbook net revenue margin of 6.4%.<\/p>\n<p>The company also continued to grow in other areas. iGaming brought in $423.5 million during the quarter, up 14.5% year-over-year. Revenue in the \u201cother\u201d category rose by 45.7% to $103.4 million, thanks in part to new initiatives and the closing of the Jackpocket Inc. acquisition in May 2024.<\/p>\n<p>That acquisition also played a role in boosting player activity. Monthly unique players jumped 28% to 4.3 million, which the company attributed to both improved retention and new customer gains.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>DraftKings spent $843.8 million on cost of revenue, up 18.8% from Q1 2024. Marketing expenses rose slightly to $343.7 million, increasing by $3 million year-over-year.<\/p>\n<p>Despite solid top-line growth, DraftKings lowered its full-year outlook. It now expects revenue between $6.2 billion and $6.4 billion, down from the earlier forecast of $6.3 billion to $6.6 billion. Adjusted EBITDA expectations were also revised to $800 million\u2013$900 million from the previous $900 million\u2013$1 billion range.<\/p>\n<p>The company is preparing to expand further, eyeing Missouri as a potential new market pending regulatory approvals. Sports betting was legalized in the state in November 2024, and DraftKings hopes to launch there soon.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/draftkings-q1-2025-results\/\">DraftKings Reports Q1 Revenue Jump to $1.4 Billion<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DraftKings closed out the first quarter of 2025 with steady growth in revenue, rising customer numbers, and improved operational performance, although it still posted a net loss. The company credits several key developments, including a strategic acquisition and product upgrades, for its upward momentum. Good to know DraftKings reported $1.4 billion in Q1 revenue, up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9078","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9078"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9078\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}