DraftKings hails “outstanding” Q1 2021 as pro forma revenue rockets 175%

Sportsbook heavyweight raises revenue guidance for 2021 to more than $1bn despite deepening losses of $346m

DraftKings has posted a 175% pro forma year on year revenue increase in Q1 to $312m fueled by strong customer acquisition and retention, as well as new state launches. The Boston-based operator reported a 114% annual increase in monthly unique players (MUP) within its B2C segment, with average revenue per MUP rising 48% over the…

Daily fantasy sports | DraftKings | Finance | Jason Robins | Q1 | Results | Sports betting