DraftKings reported second-quarter 2024 revenue of $1.104bn, up 26% year on year, and announced authorisation to repurchase up to $1bn of its Class A common stock. The company raised its 2024 revenue guidance to $5.05bn-$5.25bn and lowered its adjusted EBITDA outlook to $340m-$420m.
The repurchase authorisation and revised forecasts provide investors with updated information on DraftKings’ capital plans and outlook.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
Bonus.com reported that DraftKings expanded Crown Cash use to Jackpocket and Golden Nugget Online Gaming alongside its casino and sportsbook. DraftKings Predictions integration is planned but not yet available.
Peter Sullivan, Jackpocket's founder, said he was stepping away from the lottery courier's day-to-day operations, according to the report published on 2 July 2026. DraftKings acquired Jackpocket for $750m around 26 months earlier.
TheLotter said it would stop accepting New Jersey lottery orders from 19 November and suspend operations in the state. Existing orders, multi-draw packages and later subscription draws will be cancelled and refunded, with customers able to withdraw funds until 17 February 2026; the company said it plans to redirect resources to other markets.
DraftKings reported revenue of $1.51 billion for the three months ended 30 June, up 37% year on year, and said it was exploring opportunities in federally regulated prediction markets. The company reported net income of $158 million, but also a net loss of $293.7 million for the quarter, and maintained its 2025 revenue guidance of $6.2 billion to $6.4 billion. DraftKings was reportedly in talks with Railbird about entering the sector.
The World Lottery Association has called for stronger oversight of online lottery couriers and a ban on bulk ticket purchases. Its proposed measures include identity and location checks, background checks for retailers working with couriers, and limits on terminal installations; the association says jurisdictions should decide whether to permit courier services.