DraftKings posts steady Q3 revenue and plans prediction markets launch

• DraftKings reports $1.14 billion revenue for Q3 2025, a 4% increase year-on-year.
• The company expects $5.9 billion to $6.1 billion revenue for 2025, with upcoming Missouri launch included.
• DraftKings plans to launch its prediction markets platform, DraftKings Predictions, soon after securing licensure.

DraftKings, the US-based gaming and betting company, has posted its financial results for the third quarter of 2025, reporting steady growth with revenue of $1.14 billion, a 4% increase from the same period last year.

Strong quarter

The company attributed this to strong customer engagement, effective acquisition strategies, and a higher Sportsbook hold percentage, which balanced losses from favourable sports betting outcomes.

At the same time, the number of monthly unique players rose by 2% to 3.6 million, with average bets per customer increasing by 3% to $106.

Despite these positive indicators, DraftKings recorded an adjusted EBITDA loss of $126.5 million for Q3. However, the year-to-date figures were more encouraging, with EBITDA rising significantly to $276.8 million.

The adjusted loss per share expanded to $0.26, though earnings per share for the year reached $0.27, up from $0.09 in the prior year.

DraftKings also updated its full-year guidance for 2025, anticipating revenue between $5.9 billion and $6.1 billion, representing growth of 24% to 28%. Adjusted EBITDA is projected in the range of $450 million to $550 million. These expectations factor in the company’s imminent entry into the Missouri market.

DraftKings Predictions

A notable highlight of the company’s future plans is the upcoming launch of DraftKings Predictions, a prediction markets platform. This new offering, currently pending regulatory approval, will allow DraftKings to extend its reach across all 50 US states.

Presently, DraftKings provides sports betting services in 25 states and Washington DC, along with online casino gaming in five states and operations in Ontario, Canada.

CEO Jason Robins expressed strong confidence about the company’s direction:

“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.”

CFO Alan Ellingson also remarked positively on the company’s capacity to deliver shareholder value.

“With handle growth accelerating and parlay handle mix continuing to increase, we are excited about the trajectory of our Free Cash Flow,” said Alan Ellingson, DraftKings’ Chief Financial Officer.

“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.”

DraftKings’ expansion into prediction markets reflects a strategic move to capture a broader segment of the growing event contracts sector in the US, poised to enhance its national presence and diversify its offerings.

This initiative, alongside market entries like Missouri, will be critical for operators, regulators, and investors monitoring the evolving US iGaming landscape.

Source: DraftKings’ official press release.