Bank of America has downgraded its ratings on major sports betting platforms, DraftKings and Flutter, moving both to a “neutral” rating as a result of uncertainty around...
DraftKings grows Q3 2025 revenue to $1.14B
DraftKings reported Q3 2025 revenue of $1.14 billion, up by about 4% ($49 million) compared to $1.09 billion in the same quarter last year.
The operator attributed the revenue growth to the steady customer engagement, which was complemented by the successful targeted marketing efforts, resulting in an inflow of new users.
In addition, DraftKings was able to achieve a higher sportsbook hold rate, which allowed it to keep more than the share of the bets that were placed.
Jason Robins, DraftKings’ CEO and co-founder, shared:
“This is the most bullish I have ever felt about our future. 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.”
After factoring out the impact of sports results, DraftKings’ revenue growth in the third quarter of 2025 remained strong. In October, the sportsbook handle was up 17% from the same month a year ago.
A blind man from New York is taking DraftKings to court, claiming the sports betting giant’s website shuts out people with vision disabilities.Anthony Benson filed the...
