DraftKings sets Q2 record with revenue up 37% to US$1.51 billion
DraftKings posted revenue of US$1.51 billion for the second quarter of 2025, an increase of US$408 million, or 37%, compared to US$1.10 billion during the same period in 2024.
The revenue increase, along with net income of US$158 million, and adjusted EBITDA of US$301 million set new quarterly records for the company.
According to a release, the revenue rise was due to continued healthy customer engagement, efficient acquisition of new customers, higher structural sportsbook hold percentage, and sportsbook-friendly outcomes.
“We are pleased to be maintaining our fiscal year 2025 guidance, with revenue expected to be closer to the high end of our range, highlighting the strength of our platform as we prepare for an exciting new state launch,” DraftKings Chief Executive Jason Robins said in a statement.
Monthly unique payers rose to 3.3 million, representing an increase of 6% compared to the second quarter of 2024.
The release stated the increase reflects “strong unique payer retention and acquisition across DraftKings’ sportsbook and igaming product offerings and the impact of the acquisition of Jackpocket. Excluding the impact of the acquisition of Jackpocket, monthly unique payers increased by 5% compared to the second quarter of 2024.
Average revenue per monthly unique payers increased to US$151 in Q2 2025, representing a 29% increase year-over-year. The increase was primarily due to improvement of DraftKings’ sportsbook hold percentage and improved promotional reinvestment for sportsbook. Excluding the impact of the acquisition of Jackpocket, average revenue per monthly unique payer increased 30% compared to the second quarter of 2024.
DraftKings closed Wednesday at $45.36 on the Nasdaq, up US$0.42, or 0.93%.
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