DraftKings appointed Christian H. A. Bogstrand executive vice-president and general manager of iGaming, according to his LinkedIn announcement. He will oversee the company’s online casino operations and strategy across regulated jurisdictions.
The appointment puts Bogstrand in charge of DraftKings’ online casino operations and strategy.
Quarter ended 30 September 2026
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DraftKings told federal lawmakers on 5 November that it had sent one personalised video from New York Knicks player Miles McBride to a customer. The company said it does not target people based on indicators of problem gambling or use AI to tailor promotional offers to customers’ gambling activity. The response followed a congressional inquiry into operators’ loyalty programmes, VIP practices and AI use.
DraftKings told federal lawmakers it had sent a customer one personalised video featuring New York Knicks guard Miles McBride, in response to their inquiry into betting operators’ practices. The company said it did not generally use personalised content from professional athletes or celebrities as an incentive for eligible rewards customers.
DraftKings expects adjusted EBITDA investment of up to $1.05bn in its Predictions business across 2026 and 2027. The company budgeted $650m–$700m for 2026 and $250m–$350m for 2027; former lottery finance executive Ivan Soloviov said the first half of 2027 would better show whether customers remain active after promotions end.
DraftKings expects its prediction markets expansion to absorb up to $1.05bn in adjusted EBITDA across 2026 and 2027. The November 5 earnings presentation budgets $650m to $700m for Predictions in 2026 and another $250m to $350m the following year.
DraftKings CEO Jason Robins said he would be surprised if the company’s 2027 investment in prediction markets exceeded the $300m midpoint of its plan. He said DraftKings would monitor court rulings and adjust spending, and described non-sports event contracts as a “hidden gem”.
DraftKings' CEO would be surprised if its 2027 prediction-market investment exceeded the $300m midpoint of its plan. Jason Robins said the group would track court rulings and adapt its spending, and saw an overlooked opportunity in non-sports event contracts.
DraftKings told US lawmakers that it did not direct promotional offers or VIP rewards at customers showing signs of problem gambling, including people on exclusion lists. The company said it continued monitoring VIP members and that 1% of its customers were in its highest loyalty tiers; the congressional scrutiny followed questions about betting firms’ use of customer data.
DraftKings denied ever directing promotional offers at people displaying signs of problem gambling. It also said customers who had excluded themselves, or whom it had removed after detecting problematic gambling, received neither promotional offers nor access to VIP and rewards programmes.
DraftKings increased iGaming customer acquisition by 76% year on year in Q3 2026, while gross revenue rose 7% and net revenue 2%. CEO Jason Robins said October gross revenue growth accelerated to 12% year on year, and the company expects the new customer cohorts to contribute more in 2027.