• DraftKings posted its Q1 2025 financial report
• The company's revenue increased by 20% year-over-year during the first quarter, hitting $1.40bn
• Jason Robins, DraftKings' CEO and Co-founder, comments on the topic

The leading betting and gaming company with a strong presence in North America, DraftKings, released its latest financial update.

Besides uncovering details regarding its financial performance for the first quarter of 2025, the company updated its fiscal year 2025 guidance.

The company enjoys solid performance in Q1

The latest report reveals that DraftKings' revenue for the three months ended March 31, 2025, soared to $1.40bn.

This result, compared to the $1.17bn figure reported for the corresponding period in 2024, marks an increase of 20% or $234m.

DraftKings confirmed that the outstanding figure was the direct result of a cumulative effort, including the acquisition of Jackpocket, which was completed on May 22, 2024.

While the revenue growth was partially offset by bettor-friendly sport outcomes, the overall increase was attributed to a range of drivers such as efficient acquisition of new customers, a higher structural Sportsbook hold percentage, as well as continued healthy customer engagement.

Not unexpectedly, DraftKings released details regarding its Monthly Unique Players (MUPs).

Notably, in Q1 this year, the company recorded 4.3m average monthly unique playing clients.

The latest MUP result, when compared to the corresponding period in 2024, points to an increase of 28%.

The acquisition of Jackpocket positively impacted the aforementioned metric, however, excluding the Jackpocket customer base, DraftKings reported an increase of nearly 11% year-over-year, a result that also signals strong growth.

In mid-February, DraftKings posted fiscal year 2025 revenue guidance, confirming it expects a figure between $6.3bn and $6.6bn.

However, in its latest report, the leading betting and gaming company slightly decreased its previous fiscal year 2025 revenue guidance to $6.2bn and $6.4bn.

Last month, DraftKings was named a defendant in a new lawsuit in Pennsylvania.

The legal hurdle took issue with the operator's use of specific bonus language terms that were allegedly vague, unclear and challenging to understand.

DraftKings continues to expand its presence

Besides its financial performance, DraftKings highlighted its strong position across the United States.

To date, the operator is live with mobile sports betting in 25 states, along with Washington DC.

This means that DraftKings is available to approximately 49% of the US population.

Moreover, the company is live with online gambling in five different states, reaching approximately 11% of the population of the country.

Jason Robins, DraftKings' Chief Executive Officer and Co-founder, commented: "Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment."

"If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance," explained Robins in conclusion.

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