DraftKings reported mixed second-quarter 2026 results, with sports betting volume, customer numbers, and engagement all rising while quarterly revenue declined 5% year over year.
The company generated $1.44 billion in revenue for the three months ending June 30, down from $1.51 billion during the same period in 2025. DraftKings attributed the decrease largely to bettor-friendly sports outcomes and increased promotional spending to attract new customers to its Sportsbook and Predictions products, like its new app exchange.
Even with the revenue decline, DraftKings maintained its full-year 2026 outlook. The operator continues to expect annual revenue between $6.5 billion and $6.9 billion, along with adjusted EBITDA of $700 million to $900 million.
The company also teamed up with Delta to provide free, in-flight sports predictions games for travelers.
Sports Betting Volume Reaches $13.1 Billion
DraftKings reported Sports Consumer Volume of $13.1 billion in the second quarter, an increase of $1.7 billion, or 15%, from $11.5 billion in Q2 2025.
The increase points to continued growth in customer activity across DraftKings’ betting products. The company said strong customer acquisition and engagement helped drive the higher volume.
DraftKings CEO and co-founder Jason Robins said the company entered the second half of 2026 with momentum in its core business. He highlighted growth in betting handle, users, and engagement, as well as the nationwide rollout of the DraftKings Super App.
Robins also pointed to the company’s Predictions offering, which launched in December 2025 and has grown faster than management initially expected.
“Our Super App is now live nationwide, and Predictions is already growing faster than we anticipated,” Robins said.
Monthly Paying Users Increase 9%
DraftKings reported approximately 3.6 million Monthly Unique Payers, or MUPs, during the second quarter. That figure was up about 9% from the prior-year period.
The company credited player retention and the acquisition of new customers across its Sportsbook and Predictions products for the increase.
However, average revenue per monthly unique payer declined. DraftKings reported average revenue per MUP of $132, down approximately 13%, or $19, from Q2 2025.
The lower figure reflects customer-friendly betting results and heavier promotional investment. Promotions remain an important tool for online sportsbook operators, particularly when competing for new players in expanding markets and newer product categories.
DraftKings Keeps 2026 Outlook Unchanged
DraftKings CFO Alan Ellingson said the company’s core business remains positioned to generate about $1 billion in adjusted EBITDA during 2026. That financial flexibility, he said, allows the operator to continue investing in Predictions.
The company did not change the guidance it previously issued in May:
- Revenue $6.5 billion to $6.9 billion
- Adjusted EBITDA $700 million to $900 million
DraftKings’ confidence heading into the NFL season will be closely watched. Football is traditionally the most important period of the year for U.S. online sportsbooks, making customer acquisition, promotional spending, and betting results especially important in the coming months.
DraftKings Expands Its North American Reach
DraftKings is currently live with mobile sports betting in 27 states, Washington, D.C., and Puerto Rico. Those jurisdictions represent about 53% of the U.S. population.
The operator also offers iGaming in five U.S. states, reaching roughly 11% of the country’s population. In Canada, DraftKings now operates Sportsbook and iGaming products in provinces representing approximately 51% of the Canadian population following its Alberta launch.
The company’s second-quarter report shows a familiar challenge for major online betting operators: growing betting volume and customer counts does not always translate into higher short-term revenue. Still, DraftKings is betting that its broader product lineup, including Predictions and the Super App, will strengthen its position during the crucial NFL season.
