(AsiaGameHub) –   DraftKings Inc. has announced its financial results for the first quarter of 2026, reporting revenue of $1.646 billion, marking a 17% increase compared to the $1.409 billion recorded during the same period in 2025.

Here Are Some Important Numbers

Notably, monthly unique payers (“MUPs”) declined by 4% year over year to 4.2 million for the three months ended March 31, 2026. This decrease was primarily due to a drop in Lottery MUPs following the company’s exit from Texas in 2025. Excluding Lottery, MUPs increased by 2% compared to the same period in 2025, driven by strong customer retention and acquisition across DraftKings’ Sportsbook and iGaming offerings, according to a company statement.

Average Revenue per MUP (ARPMUP) grew 21%, or $23, to $131 for the three months ended March 31, 2026, compared to the prior-year period. DraftKings attributed this growth mainly to improved Sportsbook Net Revenue Margin.

Sportsbook revenue rose 24.1% year over year to $1.09 billion in the quarter, despite a 1.5% increase in betting handle to $14.08 billion, as the margin expanded from 6.4% to 7.8%. Meanwhile, iGaming revenue grew 8.9% to $461.3 million, accounting for approximately 28% of total group revenue and highlighting the segment’s rising significance to DraftKings’ business.

Officials Comment on the Report

Jason Robins, CEO and co-founder of DraftKings, stated that the company had delivered a “fantastic start” to the year, with Q1 results exceeding expectations. He emphasized that the core business remained robust and profitability was improving, providing resources to strengthen DraftKings’ position in Predictions.

Robins also noted that DraftKings aims to secure a leadership role in Sports Predictions before the end of the year. He explained that the company will leverage its Super App, market-making capabilities, proprietary exchange, and combo products to achieve this objective.

However, DraftKings will continue to focus on other parts of its product range, as demonstrated by its recent plans for Alberta.

Meanwhile, Alan Ellingson, CFO of DraftKings, said the business continued to scale efficiently through revenue growth, expanding profitability, and investment in high-return opportunities. He reaffirmed that the company expects fiscal 2026 revenue to be between $6.5 billion and $6.9 billion, with Adjusted EBITDA projected to reach $700 million to $900 million.

DraftKings will host a conference call and audio webcast on May 8, 2026, from 8:30 a.m. to 9:15 a.m. ET, where management will review the company’s results and discuss business performance.

In related news, a hacker who compromised more than 60,000 DraftKings accounts was recently sentenced to prison and ordered to pay over $1.3 million in restitution.