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DraftKings posts $1.38bn loss in 2022 despite strong revenue gains

17th February 2023 9:54 am GMT
DraftKings

New York-listed sportsbook and iGaming operator DraftKings has reported a 73 per cent increase in revenue to $2.24bn for 2022, driven by a strong finish to the year in the final quarter.

Revenue in Q4 exceeded expectations and increased by 81 per cent to $855m, buoyed by successful launches of DraftKings’ sportsbook and iGaming products in additional jurisdictions.

Monthly unique payers (MUPs) increased by 31 per cent year-on-year to 2.6m, while average revenue per MUP climbed 42 [...]

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