DraftKings said it plans to offer online sports betting in Arkansas through Southland Casino Hotel, subject to final regulatory approvals. The company expects to launch ahead of March Madness; the report cited access to two million potential customers in the state.
The launch remains conditional on regulatory approval and a partnership with a local casino.
Quarter ended 30 September 2026
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DraftKings CEO Jason Robins defended the company’s planned prediction-markets investment on its third-quarter earnings call. The company projects adjusted EBITDA investment of $900m to $1.05bn across 2026 and 2027, and Robins said customer acquisition costs could take about 41 months to recover if the Supreme Court bars sports event contracts in July 2028.
DraftKings plans to invest $900m to $1.05bn in prediction markets across 2026 and 2027, the company said in its third-quarter earnings release. The projected investment is measured in adjusted EBITDA.
DraftKings said in its third-quarter materials that it increased its 2026 adjusted EBITDA investment in Predictions by $50m to $700m. Its downside model assumes sports event contracts end on 31 July 2028 and that Predictions customers then generate 20% of current gross profit; the model extends payback from 18 months to 41 months.
DraftKings said it raised its 2026 adjusted EBITDA investment in Predictions by $50m to $700m and modelled the effect of sports event contracts ending on 31 July 2028. The downside model assumes Predictions customers would generate 20% of their current gross profit after sports contracts end, extending payback from 18 months to 41 months.
DraftKings sports operations director Johnny Avello said the Chicago Bears moved from +1400 to +1200 in Super Bowl futures after trading for Jeffery Simmons on 29 October. After Chicago’s 34-17 win over Seattle on 2 November, the Bears stood at +750, behind the San Francisco 49ers at +550 and Buffalo Bills at +600.
Flutter Entertainment chief executive Dan Taylor said on its 4 November earnings call that the company expects more clarity in the coming months on the economics of FanDuel Predicts. FanDuel recorded $119 million in trading volume in the third quarter; Flutter expects its market-making operation to generate $50 million in revenue and $40 million in adjusted EBITDA during 2026.
Dan Taylor, Flutter's chief executive, told the third-quarter earnings call on 4 November that the coming months should sharpen the company's view of how its prediction market business makes money. At issue is whether FanDuel Predicts can turn a profit by itself, or can only help recruit customers in states that could later permit online sports betting.
FanDuel said it carried out more than 58,000 manual responsible gambling reviews over the past year and described its monitoring practices on a Fast Facts page. The company says its systems flag behavioural indicators for human review, which can lead to education, account limits or exclusion; it also cited free support resources through Kindbridge Behavioral Services.
FanDuel said it has carried out more than 58,000 manual responsible gambling reviews over the past year. The company has published this information on its Fast Facts page.