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DraftKings reported $1.44 billion in second-quarter 2026 revenue, down 5% from $1.51 billion a year earlier, even as betting activity and customer counts both increased. The company said the decline was driven largely by bettor-friendly sports outcomes and higher promotional spending.
For online sportsbook watchers, the quarter showed how operator revenue can fall even when underlying engagement rises.
Betting volume and payer growth both moved higher
DraftKings said Sports Consumer Volume reached $13.1 billion in Q2, up 15% from $11.5 billion in the same period last year. Monthly Unique Payers rose about 9% year over year to roughly 3.6 million.
At the same time, average revenue per Monthly Unique Payer fell to $132, down about 13% from Q2 2025.
That combination helps explain the mixed quarter: more betting and more paying users did not translate into higher revenue. DraftKings tied the revenue decline to favorable results for bettors and increased promotional spend.
CEO and co-founder Jason Robins said the company’s product rollout is still contributing to growth. In the earnings update, he said, “Our Super App is now live nationwide, and Predictions is already growing faster than we anticipated.”
Full-year guidance stays in place
Despite the softer quarterly revenue result, DraftKings left its full-year 2026 guidance unchanged. The company still expects revenue of $6.5 billion to $6.9 billion and adjusted EBITDA of $700 million to $900 million.
CFO Alan Ellingson said the core business remains positioned to generate about $1 billion in adjusted EBITDA during 2026.
DraftKings also highlighted its current footprint: mobile sports betting is live in 27 states, Washington, D.C., and Puerto Rico, while iGaming is available in five U.S. states. In Canada, the operator said its Sportsbook and iGaming products now serve provinces representing about 51% of the country’s population following its Alberta launch.
What to watch next
The next key question is whether DraftKings can turn higher engagement into stronger revenue as the year continues, especially with full-year guidance unchanged. Readers should also watch for more detail around its Predictions product and Super App performance in future updates. As always, betting should stay entertainment-first, and players should wager responsibly.
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Source: As reported by actionnetwork.com.
