DraftKings Inc. reported significant financial growth in its latest quarterly results, with revenue reaching $1.51 billion for the three months ended June 30, 2025, a 36.9% increase from $1.10 billion in the same period last year. For the first half of 2025, revenue totaled $2.92 billion, up 28.2% from $2.28 billion in the prior year. The company also achieved a net income of $157.9 million for the second quarter, compared to a net income of $63.8 million in the same quarter of 2024, marking a 147.5% increase. This growth was attributed to strong customer engagement, efficient acquisition strategies, and the expansion of its Sportsbook product offerings, particularly following the acquisition of Jackpocket Inc. in May 2024.
In terms of operational metrics, DraftKings reported a 6.5% increase in Monthly Unique Payers (MUPs) for the second quarter, reaching 3.3 million, and a 29.1% increase in Average Revenue per MUP (ARPMUP), which rose to $150. The company’s Sportsbook handle also increased by 6.3% to $11.47 billion, reflecting heightened customer activity. The improved performance metrics were bolstered by a higher structural hold percentage and better promotional reinvestment strategies.
DraftKings has made strategic moves to enhance its market position, including the acquisition of Jackpocket, which allows the company to enter the digital lottery courier market. Additionally, the company has expanded its Sportsbook and iGaming offerings into new jurisdictions, now operating in 26 states and several Canadian provinces. The company’s total assets increased to $4.47 billion as of June 30, 2025, up from $4.28 billion at the end of 2024, while total liabilities also rose to $3.46 billion, reflecting increased borrowings under its Term B Loan.
Looking ahead, DraftKings remains optimistic about its growth trajectory, focusing on expanding its product offerings and enhancing customer retention. The company plans to continue investing in technology and marketing to drive user engagement and profitability. Management anticipates that as jurisdictions mature and the user base expands, the company will achieve improved profitability over time, with a goal of reaching profitability on a consolidated Adjusted EBITDA basis when total contribution profit exceeds fixed costs.
About DraftKings Inc.
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