DraftKings Sportsbook held its 2022 Investor Draft Day presentation on Thursday, with DraftKings CEO Jason Robins and CFO Jason Park highlighting the company’s progress.
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new Sportsbook customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: dkng.co/offer. Get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings. Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/26 at 11:59 PM ET. Addt’l terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Ends 11/29/26 at 11:59 PM ET. Sponsored by DK.
Focus on DraftKings’ Growth
Here are some of the key takeaways from Thursday’s presentation:
DraftKings noted how the overall sports betting and iGaming business is larger than originally predicted, from $67 billion to $80 billion.
The company also reiterated how it’s acquiring customers faster and more efficiently than before with 2021 sales and marketing spend guided by this data. During the sportsbook’s Arizona launch, DraftKings acquired 3.5% of the adult population in its first two quarters with online sports betting compared to 1.3% in the first two quarters with online sports betting in New Jersey.
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new Sportsbook customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: dkng.co/offer. Get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings. Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/26 at 11:59 PM ET. Addt’l terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Ends 11/29/26 at 11:59 PM ET. Sponsored by DK.
DraftKings also believes it will be a contribution profit positive for all states where they are currently live. In years one, two and three, customer retention was 83%, 88% and 86% with year one to year two and Year 1 to Year 3 revenue per retained player increasing 39% and 49%. If no new states are added in the current fiscal year, DraftKings believes it will be contribution profit for 2022.
Five states are currently contribution positive, including New Jersey, New Hampshire, Indiana, Illinois and West Virginia. But the contribution positive does not take into account the marketing dollars necessary to acquire customers.
Currently, 44% of the adult population is in states where sports betting sites are legal. DraftKings has a 25% share, which is the second-highest behind FanDuel Sportsbook. According to DraftKings, they, along with FanDuel and BetMGM own nearly 80% of the mobile gaming market.
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new Sportsbook customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: dkng.co/offer. Get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings. Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/26 at 11:59 PM ET. Addt’l terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Ends 11/29/26 at 11:59 PM ET. Sponsored by DK.
The company also increased its long-term adjusted EBITDA outlook from $1.7 billion to $2.1 billion.
Still, the news didn’t do anything to ease the concerns of investors. Following the conference, the stock went down 9% to $21.08.
DraftKings No Longer Offering Games in Russia, Belarus
On Thursday, DraftKings also announced it will not be offering betting on sports leagues and events in Russia and Belarus. This means no KHL betting on the platform.
DraftKings went on to reiterate it has no direct commercial relationship with any Russian or Belarusian league, team or sports organization.
