The Texas Senate unanimously approved a bill to ban lottery couriers, which now heads to the House, reportedly. The Texas Lottery Commission also said it was taking action to stop courier activity after investigations and a review of its authority; Jackpocket said it was suspending its Texas operations.
A ban and the commission’s action could end lottery courier operations in Texas.
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DraftKings reported fourth-quarter 2025 revenue of $1.98bn, up 43% year on year, and net income attributable to common stockholders of $136.4m. For 2026, the company forecast revenue of $6.5bn to $6.9bn and adjusted EBITDA of $700m to $900m; CEO Jason Robins said its core business was strong entering the year.
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.
The Texas Lottery Commission announced that executive director Ryan Mindell had resigned on 21 April, without giving a reason. His departure came as investigations and legislative scrutiny continued over lottery prize distribution and courier services; both the Texas Rangers’ and attorney general’s investigations remained ongoing.
DraftKings is waiting for a favourable CFTC ruling before committing more seriously to prediction markets, JMP Securities analysts said after meeting company executives. The analysts also discussed the Texas closure of DraftKings' Jackpocket lottery courier service; chief executive Jason Robins reportedly described it as a “unique situation”.
DraftKings reported fourth-quarter 2024 revenue of $1.39bn, up 13% year on year, and lifted its 2025 revenue guidance to $6.3bn-$6.6bn. The company maintained its adjusted EBITDA forecast of $900m-$1bn, while monthly unique paying customers rose 36% to 4.8 million and average revenue per user fell 16% to $97. DraftKings said its guidance excludes Missouri, where a launch remains subject to regulatory approval.