Talk about outdoing yourself.
DraftKings, a renowned name in the world of sports betting and online casinos, recently announced its financial results for the second quarter of 2025.
The company has demonstrated impressive growth, breaking records for revenue, net income, and adjusted EBITDA.
In the second quarter of 2025, DraftKings generated $1,513 million. This amounts to a 37% growth compared to the same period in 2024, which saw $1,104 million in revenue. The surge is being tied to heightened customer engagement, efficient new customer acquisition, and favorable sports betting outcomes.
DraftKings generated record numbers despite recently adding fees to customer bets in Illinois to offset an increased tax rate. The move has not slowed the company down.
The announcement also comes on the heels of a massive win by a New Jersey man playing the DraftKings Casino. He turned a $24 bet into $1 million.
DraftKings Demonstrates Strong Financial Performance
Outside of revenue, DraftKings also set records for net income and adjusted EBITDA in Q2, with a net income of $158 million and an adjusted EBITDA of $301 million.
Jason Robins, DraftKings’ CEO and Co-founder, expressed his satisfaction with the company's performance by stating, "We are pleased to be maintaining our fiscal year 2025 guidance, with revenue expected to be closer to the high end of our range." Robins highlighted the strength and scalability of the DraftKings platform as a driver for future success.
The company recently added a popular new slot game to its DraftKings Casino lineup.
Growth in Customer Base and Engagement
DraftKings also experienced a significant increase in its customer base.
The Monthly Unique Payers (MUPs) rose to an average of 3.3 million, marking a 6% increase from the previous year. This growth is a testament to the company’s effective strategies for retaining and acquiring customers.
Moreover, the Average Revenue per MUP (ARPMUP) surged by 29%, reaching $151 in Q2 2025. Even without considering the impact of the acquisition of Jackpocket, ARPMUP increased by an impressive 30%.
All of this adds up to DraftKings being on track to meet its 2025 financial year targets. The company is expecting revenue in the range of $6.2 billion to $6.4 billion.
This would mark a 32% year-over-year growth based on the previous fiscal year. The company is also anticipating an adjusted EBITDA between $800 million and $900 million.
DraftKings Working on Expansion Plans
DraftKings continues to expand its footprint, actively participating in the mobile sports betting space.
Currently live in 25 states and Washington D.C., DraftKings aims to launch in Missouri soon. Additionally, its iGaming product is accessible in five states and Ontario, Canada, covering a substantial portion of North American users.
DraftKings' financial performance in Q2 2025 underscores its position as a leader in the online gaming industry. With exceptional growth in revenue and an expanding customer base, the company is poised for further success. As DraftKings plans to launch in new markets and enhance its offerings, the future looks bright for this innovative company.
