DraftKings reported first-quarter 2026 revenue of $1.65 billion, representing year-on-year growth of 17%, driven by continued sportsbook and iGaming engagement alongside higher sportsbook net revenue margins.
Sportsbook revenue increased 24.1% year-on-year to $1.09 billion, while iGaming revenue rose 8.9% to $461.3 million. Total sportsbook handle for the quarter reached $14.08 billion, compared to $13.88 billion during the same period in 2025. Sportsbook net revenue margin improved to 7.8% from 6.4% a year earlier.
The operator reported net income attributable to common stockholders of $21.1 million, compared to a net loss of $33.9 million in the prior year period. Adjusted EBITDA increased to $167.9 million from $102.6 million year-on-year.
Monthly unique payers declined 4% to 4.2 million during the quarter, which DraftKings said was largely related to lower lottery activity following its exit from Texas in 2025. Excluding lottery operations, monthly unique payers across sportsbook and iGaming products increased 2% year-on-year.
Average revenue per monthly unique payer increased 21% to $131, supported by improved sportsbook performance and continued customer engagement across DraftKings’ digital betting products.
DraftKings maintained its full-year 2026 guidance, forecasting revenue between $6.5 billion and $6.9 billion, alongside adjusted EBITDA guidance ranging from $700 million to $900 million.
The operator currently offers mobile sports betting in 27 US states, Washington, D.C. and Puerto Rico, covering approximately 53% of the US population. Its iGaming operations are active in five US states, while the company also continues to operate sportsbook and iGaming products in Ontario, Canada.
As of 31 March 2026, DraftKings reported cash and cash equivalents of approximately $999.4 million, with total assets of $4.31 billion. The company’s balance sheet included convertible notes of $1.26 billion and a term loan balance of $575.6 million.
The results reflect continued growth within the North American iGaming sector, where operators remain focused on customer retention, sportsbook margin management and expansion across regulated online betting markets.
“We are off to a fantastic start to the year as our first quarter results exceeded our expectations,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder. “Our core business is strong, and profitability is inflecting. That gives us the firepower to press our advantage in Predictions. With our Super App, market-making capabilities, proprietary exchange, and combos coming together, we intend to establish a leadership position in Sports Predictions before year-end.”
“The business continues to scale efficiently as we grow revenue, expand profitability, and invest in high-return opportunities,” said Alan Ellingson, DraftKings’ Chief Financial Officer. “We continue to expect fiscal year 2026 revenue of $6.5 billion to $6.9 billion and Adjusted EBITDA of $700 million to $900 million.”
