Financial PerformanceRevenue growth was robust thanks to a significant increase in active customers and lower customer acquisition costs, which boosted EBITDA margin.
Market ExpansionDraftKings expects the US iGaming market to expand with an additional 15-20% of the US population covered, with New York potentially adding ~$1B of incremental GGR.
Strategic InitiativesDraftKings is likely to remain one of the top two US operators alongside FanDuel, supported by recent mergers and acquisitions aimed at lowering customer acquisition costs and enhancing the domestic product.