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Arkansas Racing Commission approves FanDuel and DraftKings vendor licences

Licences & markets

Arkansas’s Racing Commission unanimously approved vendor licences for FanDuel and DraftKings on 26 February, the operators separately confirmed. The companies will provide sports betting through casino partnerships: DraftKings with Southland Casino Hotel and FanDuel with Oaklawn Racing Casino Resort. Arkansas requires vendors to share at least 51% of net revenue with casino partners.

The approvals allow both operators to enter Arkansas under the state’s 51% revenue-sharing requirement.

End-of-day close DraftKings (DKNG), USD, to 13 April 2026
Story date13 January 202613 April 2026

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

Earlier licence decisions by Arkansas Racing Commission

DateCompanyAmountStoryAppeal status
DraftKings, FanDuelNot statedDraftKings and FanDuel apply to enter Arkansas mobile sports betting marketNot stated
DraftKings, FanDuelNot statedDraftKings and FanDuel file applications for Arkansas sports bettingNot stated
DraftKings, FanDuelNot statedArkansas officials review DraftKings and FanDuel sportsbook applicationsNot stated

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DraftKings lowers 2026 revenue guidance to $6.35bn-$6.55bn

DraftKings lowered its full-year 2026 revenue guidance to $6.35 billion-$6.55 billion, from $6.5 billion-$6.9 billion previously, and reported a third-quarter adjusted EBITDA loss of $317 million. The company said more than 1.6 million customers had used its predictions offering year-to-date and expected 2026 predictions investment of at least $650 million; its shares fell about 22% in Thursday after-hours trading after the results.

DraftKings lowered its 2026 revenue guidance to $6.35bn–$6.55bn from $6.5bn–$6.9bn. It reported a third-quarter adjusted EBITDA loss of $317m, compared with a $126m loss a year earlier.

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