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BOSTON, Aug. 06, 2025 -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its second quarter 2025 financial results.
DraftKings 2nd Quarter Highlights
For the three months ended June 30, 2025, DraftKings reported revenue of $1,513 million, an increase of $408 million, or 37%, compared to $1,104 million during the same period in 2024. The increase in the Company’s second quarter 2025 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new customers, higher structural Sportsbook hold percentage, and sportsbook-friendly outcomes. Revenue of $1,513 million, net income of $158 million, and Adjusted EBITDA of $301 million in the second quarter set new records for the company.
“We set records for revenue, net income and Adjusted EBITDA in the second quarter, driven by an acceleration in revenue growth to 37% year-over-year,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder. “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.”
“We remain focused on investing in key growth initiatives across the organization to maximize shareholder returns over the long-term,” said Alan Ellingson, DraftKings’ Chief Financial Officer. “In addition to our investments, we repurchased 6.5 million shares through our stock repurchase program in the first two quarters of this year.”
Average Revenue per MUP (“ARPMUP”) increased to $151 in the second quarter of 2025, representing a 29% increase compared to the same period in 2024.
DraftKings is maintaining its fiscal year 2025 revenue guidance of $6.2 billion to $6.4 billion, which the Company previously announced on May 8, 2025. The Company is on track to deliver revenue closer to the high end of this range due to sportsbook-friendly outcomes in the second quarter as well as continuing strength across our core value drivers.
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DraftKings CEO Speaks Out Against Gambling Provision in Trump's Big Beautiful Bill
In a Wednesday interview with CNBC’s Jim Cramer, DraftKings CEO Jason Robins questioned a new tax provision related to gambling in President Donald Trump’s megabill, calling it a “very strange change.”
“I do think it’s something that doesn’t makes sense,” he said. “If you can’t deduct all your losses, you know, how does that make sense that you pay income tax on something that’s not actually income.”
The new tax rule makes it so that gamblers are no longer able to deduct 100% of their losses from their winnings.
Robins said he believes the change was made as part of a “technicality” to follow the Byrd rule, which bans “extraneous” matters — usually anything unrelated to federal revenue or spending — in the budget reconciliation process. He said there has been some “appetite” to change the new provision, adding that DraftKings is working with members of Congress to do so.
- Chris Costigan, Gambling911.com Publisher
