DraftKings saw double-digit increases in monthly payers and revenue in the second quarter of this year, the sports wagering platform said in a Friday (Aug. 5) press release.
According to the company’s second-quarter financial results, DraftKings’ revenue came to $466 million, an increase of 57% compared to the $298 million it took in during Q2 of 2021.
“Customer engagement remains strong, and we continue to see no perceivable impact from broader macroeconomic pressures,” said DraftKings Co-Founder, CEO and Board Chairman Jason Robins in the release. “Due to our ongoing investments in core online gaming technologies, we are in a strong position from a competitive perspective as we approach the beginning of the NFL season. We remain well capitalized, ready to enter new markets as they become live, and confident in our ability to compete and win with customers.”
Meanwhile, the company’s monthly unique payers (MUPs) rose to 1.5 million unique paying B2C customers, an increase of 30% over the second quarter of last year. DraftKings said in the release this increase is indicative of robust payer retention and acquisition across its sportsbook and iGaming products, along with the expansion of those products into new jurisdictions.
See also: DraftKings Wins With Mobile iGaming as More States Legalize, Players Socialize
The average revenue per MUP was $103 during the quarter, a 30% increase from the same quarter in 2021. The company attributed this increase mainly to “strong customer engagement, a continued mix shift into DraftKings’ Sportsbook and iGaming products, and reduced promotional intensity compared to the same period in 2021,” per the release.
DraftKings now offers mobile sports betting in 17 states that represent around 36% of the U.S. population, while also offering iGaming in five states, representing approximately 11% of the country’s population, according to the release.
The company’s monthly payer and revenue wins come three months after it launched its Sportsbook and iGaming products in Ontario, Canada. At the same time, DraftKings also spent $1.5 billion to complete its acquisition of the Golden Nugget Online Casino (GNOC).
Read more: How Much You Wanna Bet There’ll Be Fewer Online Casinos Next Year?
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