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DraftKings CEO links NBA betting growth to Doncic trade

Business

DraftKings chief executive Jason Robins said NBA betting handle at the company was higher in the first quarter than in the final quarter of 2024 and suggested Luka Doncic’s move to the Los Angeles Lakers had increased interest. Robins said the company was tracking somewhat ahead of past NBA handle patterns, while cautioning that it had not seen a clear material link between handle and hold.

The comments offer investors and sportsbook operators an attributed indication of NBA wagering trends and uncertainty over hold effects.

End-of-day close DraftKings (DKNG), USD, to 17 April 2025
Story date21 January 202517 April 2025

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

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DraftKings CEO expects 2027 prediction-market investment near $300m midpoint

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.

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