Quarterly Revenue and Profit Margins
DraftKings reported total revenue of $1,329 million for the third quarter of 2026. This represents an increase of $185 million, or 16%, compared to the $1,144 million recorded in the same period of 2025. The New York-based operator attributed the strong performance to healthy customer engagement and a higher net revenue margin within its Sportsbook product line.
Alongside the quarterly figures, the company updated its financial outlook for the current fiscal year and provided its first guidance for fiscal year 2027. DraftKings now projects FY 2026 total revenue to fall between $6.35 billion and $6.55 billion. The projected adjusted EBITDA for the same period is estimated at $175 million to $275 million.
For the upcoming fiscal year, the company anticipates revenue between $7.35 billion and $7.75 billion. The midpoint of this FY 2027 guidance implies a year-on-year revenue growth rate of 17%. Adjusted EBITDA for FY 2027 is projected to range from $800 million to $1 billion.
Customer Engagement and Revenue Per User
Monthly unique payers reached 4.1 million in the third quarter of 2026, marking a 13% year-on-year increase. The average revenue generated per monthly unique payer stood at $109, a 3% increase compared to the prior year. These metrics suggest that while the user base continues to expand, the revenue contribution per user is growing at a more modest pace.
Jason Robins, co-founder and CEO of DraftKings, described the period as a “pivotal moment” for the company. Alan Ellingson, the company’s CFO, noted that the FY 2026 EBITDA guidance reflects increased investment in the Predictions and iGaming segments. This strategic allocation indicates a focus on diversifying revenue streams beyond the core sports betting business.
Geographic Reach and Product Availability
DraftKings’ mobile sports betting products are currently available in 27 US states, Washington DC, and Puerto Rico. The company stated that this sports betting offering reaches 53% of the US adult population. In the iGaming sector, DraftKings operates in five US states, with a population reach of 11%.
In Canada, the operator’s products are available in several provinces, reaching 51% of the Canadian adult population. The expansion in both the US and Canadian markets contributes to the company’s overall growth trajectory.
Prediction Market Traction
DraftKings reported that 1.6 million people have engaged with its prediction market platform since the start of the year. This segment is part of the broader investment strategy outlined in the FY 2026 EBITDA guidance. The company’s financial disclosures confirm its position as a major player in the regulated US and Canadian gambling markets, with a diversified product portfolio spanning sports betting, iGaming, and prediction markets.
Why It Matters
The 16% revenue growth and expanded FY2027 guidance signal continued expansion in the regulated US and Canadian markets. The shift in EBITDA guidance reflects strategic investment in iGaming and prediction markets, indicating a diversification of revenue streams beyond sports betting. Readers tracking operator performance will note the stable user growth and geographic reach as key drivers.
Sarah Thompson is an editorial byline used by Casino No Deposits for industry news coverage. Articles published under this byline are summarised from reporting by licensed gambling industry news sources and produced with AI assistance, then published against our editorial rules on accuracy, sourcing and tone. They are not first-hand reporting and do not contain personal player accounts. Our full process, including how bonus listings and ratings are maintained separately by our team, is documented in how we review casinos: https://casinonodeposits.com/how-we-review-casinos/
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