DraftKings has published its financial results for Q3 2026, reporting a period of strength and highlighting a double-digit increase in revenue thanks to healthy customer engagement and higher sportsbook net revenue margin. Emboldened by the strong performance, the company introduced an optimistic FY 2027 guidance.
The Company Recorded Double-Digit Revenue Growth
In its report, DraftKings highlighted total Q3 2026 revenue of $1,329 million, marking an increase of $185 million, or 16%. For comparison, the company’s revenue in Q3 2025 stood at $1,144 million.
DraftKings officials attributed the strong Q3 performance to continued healthy customer engagement and higher Sportsbook net revenue margin.
Additional data shows that monthly unique payers for Q3 2026 increased roughly 13% to 4.1 million, underpinned by strong player retention and customer acquisition across DraftKings’ Sportsbook, iGaming and Predictions offerings. DraftKings’ average revenue per monthly unique payer was $109, up 3% year-on-year.
DraftKings Updated Its Guidance
DraftKings also updated its FY 2026 guidance and posted its first FT 2027 guidance. In terms of the company’s expectations for 2026, the company projected revenue of $6.35-6.55 billion, as well as adjusted EBITDA of $175-275 million. The EBITDA guidance highlights an increase in DraftKings’ investment in its Predictions and iGaming segments.
DraftKings also introduced its first guidance for 2027, saying that it expects revenue of $7.35-7.75 billion for the year, as well as adjusted EBITDA of $800 million to $1 billion for the same period. Officials clarified that these figures are based on forecasts for increased core business revenue and adjusted EBITDA performance.
As of the time of this writing, DraftKings’s mobile sports betting products are available in 27 states, Washington DC, and Puerto Rico, allowing it to reach up to 53% of American adults. The company also operates iGaming in 5 states, which represent 11% of the US population.
DraftKings’ iGaming and sports betting products are also available in several Canadian provinces, allowing it to reach 51% of Canadian adults.
Q3 Was a Pivotal Moment for DraftKings
DraftKings’ co-founder & CEO, Jason Robins, called Q3 2026 a “pivotal moment” for the company, attributing its meaningful growth to its recent investments in the Predictions segment. Since the start of the year, some 1.6 million people have engaged with DraftKings’ prediction market platform, attesting to the popularity of such products.
At the same time, DraftKings’ core business remained strong, encouraging DraftKings to introduce an optimistic 2027 guidance. Alan Ellingson, CFO at DraftKings, said that the midpoint of the FY 2027 guidance implies revenue growth of 17% year-on-year.