DraftKings quarterly revenue has jumped again—and this time, it set a new high. The company pulled in $1.51bn in Q2 2025, up 37% year-on-year. That makes this DraftKings’ strongest quarter to date across revenue, net income, and adjusted EBITDA.

  • Revenue hit $1.51bn for Q2 2025, a $408m jump from the same period last year. Growth was fuelled by strong customer engagement, higher sportsbook hold percentages, and more favorable betting outcomes. The DraftKings quarterly revenue figure marks a new all-time high for the business.

  • Net income came in at $158m, while adjusted EBITDA soared to $301m. These both represent quarterly records for DraftKings. The company said it’s on track to meet 2025 targets, with revenue expected toward the high end of its $6.2bn to $6.4bn guidance range.

  • Monthly Unique Payers (MUPs) rose 6% year-on-year to 3.3 million. This was supported by both strong retention and new customer acquisition, including the impact of its Jackpocket acquisition. Excluding Jackpocket, MUP growth was 5%.

  • Average Revenue per MUP (ARPMUP) rose 29% to $151. This was mainly due to stronger sportsbook performance and improved promo reinvestment strategies. Excluding Jackpocket, ARPMUP was up 30% from Q2 2024.

  • Sportsbook revenue increased 45.3% to $998m, with total handle growing 6.3% to $11.47bn. Net revenue margin improved to 8.7% versus 6.4% in Q2 last year. iGaming revenue was also up 22.6% year-on-year.

  • DraftKings is maintaining its 2025 adjusted EBITDA outlook of $800m to $900m. It expects performance to trend near the midpoint of that range. Guidance now reflects upcoming mobile sportsbook launches in Missouri and higher state tax rates in New Jersey, Louisiana, and Illinois.

  • The company repurchased 6.5 million shares in the first half of the year. CFO Alan Ellingson said: “In addition to our investments, we repurchased 6.5 million shares through our stock repurchase program.”

  • DraftKings is currently live with mobile sports betting in 25 U.S. states and D.C., covering around 49% of the U.S. population. Its iGaming platform is live in 5 states, covering roughly 11% of the population.

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