Q4 of 2025 in the iGaming industry closed out a very busy year. Betsson, BetMGM, Flutter, Entain, Wynn Resorts, and DraftKings all had a fair share of wins and challenges,...
DraftKings hits 1.4B in Q1 revenue with 20% growth
An American gambling company offering sportsbooks and daily fantasy sports services, DraftKings, announced its Q1 results, highlighting the increase in revenues by 20%.
DraftKings’ strong debut in 2025 is mainly driven by its recent acquisition of Jackpocket, the lottery courier app. Despite regulatory challenges, the app has remained a significant revenue driver for the company.
However, the company also noted that Q1 2025 is not only about positive outcomes. While the number of monthly unique players (MUPs) jumped 28% to 4.3 million, average revenue per player dropped 5% to $108, partly due to Jackpocket’s more budget-conscious user base. Without Jackpocket in the mix, average spend per player was up 7%, showing the core business is on solid footing.
Full-year guidance gets lowered
DraftKings lowered its full-year guidance slightly, now targeting $6.2 to $6.4 billion in revenue and $800 million to $900 million in adjusted EBITDA, down from its earlier, more optimistic forecast. As CEO Jason Robins said, the revision mainly reflects customer-friendly outcomes in sports betting, which took a bit of the shine off their Q1 profits.
Despite these adjustments, DraftKings remains optimistic about its growth, including the still-developing prediction market sector. After previously announcing a step back from the prediction market, DraftKings’ CEO now finds a big growth potential in the market, with customers betting on everything from sports to political elections.
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