New Jersey’s Division of Gaming Enforcement fined DraftKings $100,000 for inaccurate sports betting data reporting, the agency said. The errors led Resorts Digital to submit incorrect tax returns for December 2023 and January and February 2024; DraftKings said it had corrected the coding problem and added controls.
The enforcement action highlights operators’ responsibility for accurate betting data used in monthly tax returns.
Quarter ended 30 September 2026
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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 reportedly notified affected employees of staff cuts the week before its third-quarter results; the company declined to comment on personnel decisions. The number of affected employees is unknown, while DraftKings reported third-quarter revenue of $1.33bn and lowered its 2026 adjusted EBITDA forecast to $175m-$275m.
DraftKings reportedly notified employees of job cuts last week, days before presenting its third-quarter results. The number affected is unknown, and DraftKings has not disclosed a figure. A company spokesperson declined to comment on personnel decisions.
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.
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 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.