{"id":43670,"date":"2020-11-16T07:04:31","date_gmt":"2020-11-16T07:04:31","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=43670"},"modified":"2020-11-16T07:04:31","modified_gmt":"2020-11-16T07:04:31","slug":"draftkings-reports-third-quarter-results-and-raises-2020-revenue","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/","title":{"rendered":"DraftKings Reports Third Quarter Results and Raises 2020 Revenue"},"content":{"rendered":"<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-42808\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings-300x200.png 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings-768x511.png 768w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings-220x146.png 220w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings.png 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>DraftKings has reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp., as if it had occurred on January 1, 2019, revenue grew 42% compared to the three months ended September 30, 2019.<\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\">\u201cThe resumption of major sports such as the NBA, MLB and the NHL in the third quarter, as well as the start of the NFL season, generated tremendous customer engagement,\u201d said Jason Robins, DraftKings\u2019 co-founder, CEO and Chairman of the Board. \u201cIn addition to our year-over-year pro forma revenue growth of 42%, DraftKings recorded an increase in monthly unique payers of 64% to over 1 million, demonstrating the effectiveness of our data-driven sales and marketing approach. Our product offerings and scalable platform provide a distinctive and personalized experience for customers across the ten states where we operate mobile sports betting today, and we look forward to entering additional jurisdictions at the earliest opportunity.\u201d<\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b>\u00a0<\/b><\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b><u>Return of Major Sports and Unique Sports Calendar Drive Growth and Attractive Customer Acquisition Opportunities<\/u><\/b><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: left;\" type=\"disc\">\n<li class=\"oneComWebmail-MsoNormal\">Monthly Unique Payers (\u201cMUPs\u201d) for our B2C segment increased by 64% compared to the third quarter of 2019. On average, more than a million monthly unique paying customers engaged with DraftKings each month during the third quarter. This improvement reflected continued growth of our core DFS product spurred by on-going product innovation, strong engagement from existing Sportsbook and iGaming players, and expansion of our player base in several new states.<\/li>\n<li class=\"oneComWebmail-MsoNormal\">Average Revenue Per Monthly Unique Payer (\u201cARPMUP\u201d) for our B2C segment was $34 due to limited sports activity in July and atypical hold rates from NFL wagering through the third week of the season, which was partially offset by increased engagement with our iGaming product offering.<\/li>\n<li class=\"oneComWebmail-MsoListParagraph\"><span lang=\"EN-US\">GAAP sales and marketing expense increased to $203 million in the three months ended September 30, 2020. The increase over the third quarter of 2019 was primarily due to being live in seven more states, including Illinois, for Week 1 of the NFL season this year versus Week 1 of 2019.\u00a0 DraftKings experienced strong returns on its marketing spend due in part to pent-up demand, the unique sports calendar, and the stay-at-home nature of the COVID-19 pandemic.<\/span><\/li>\n<\/ul>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b><u>Increasing 2020 Revenue Guidance and Introducing 2021 Revenue Guidance<\/u><\/b><\/p>\n<ul style=\"text-align: left;\" type=\"disc\">\n<li class=\"oneComWebmail-MsoListParagraphCxSpFirst\"><span lang=\"EN-US\">DraftKings is raising its fiscal year 2020 pro forma revenue guidance from a range of $500 to $540 million to a range of $540 to $560 million, which equates to year-over-year pro forma revenue growth of 25% to 30% in 2020, despite COVID-19\u2019s impact on the major sports calendar. This guidance assumes that all announced sports calendars are maintained through the end of the year and that we continue to operate in states in which we are live today.\u00a0\u00a0<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">DraftKings is also introducing 2021 revenue guidance of $750 million to $850 million, which equates to 45% year-over-year growth based on the mid-points of the Company\u2019s 2020 pro forma revenue guidance range and the Company\u2019s 2021 revenue guidance range. This range is based on the same assumptions used for the Company\u2019s 2020 guidance, in particular that all professional and college sports calendars that have been announced come to fruition, including the commencement of their 2020 to 2021 seasons, and that we continue to operate in states in which we are live today.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpLast\"><span lang=\"EN-US\">Detailed financial data and other information is available in DraftKings\u2019 Quarterly Report on Form 10-Q, being filed today with the Securities and Exchange Commission, as well as in a slide presentation that can be accessed through the \u201cInvestors\u201d section of the Company\u2019s website at\u00a0<\/span><span lang=\"EN-US\"><a href=\"\/Users\/jchisholm\/AppData\/Local\/Microsoft\/Windows\/INetCache\/Content.Outlook\/ERVVX727\/investors.draftkings.com\" target=\"_blank\" rel=\"noopener noreferrer\">investors.draftkings.com<\/a><\/span><span lang=\"EN-US\">.<b><\/b><\/span><\/li>\n<\/ul>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b><u>DraftKings Grows Its Nation-Leading Mobile Sports Betting Footprint<\/u><\/b><\/p>\n<p>&nbsp;<\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\">During the third quarter, DraftKings launched mobile sports betting in Illinois and iGaming in West Virginia.<\/p>\n<ul style=\"text-align: left;\" type=\"disc\">\n<li class=\"oneComWebmail-MsoListParagraphCxSpFirst\"><span lang=\"EN-US\">As a result of Illinois Governor J.B. Pritzker\u2019s suspension of the in-person registration requirement, DraftKings was able to effectively acquire new Illinois customers to the platform as well as cross-sell from its existing product offerings. Illinois has quickly become the Company\u2019s fastest-growing state as well as one of its largest states in terms of handle.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">Following its successful launch in Tennessee, DraftKings is now live with mobile sports betting in 10 states, which is more than any other company in the industry. These 10 states together represent 20% of the U.S. population, a position that DraftKings has achieved just two and a half years after the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">The Company continues to work with state officials on regulations and licensing in Michigan for sports betting and iGaming and in Virginia for sports betting and expects to launch in these states at the earliest practicable opportunity. Michigan and Virginia together account for 6% of the U.S. population and have already legalized these offerings.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">Maryland (with 67% voter approval), South Dakota (with 58% voter approval) and 55 of 64 parishes in Louisiana (representing approximately 97% of the state\u2019s population) recently passed referendums in favor of sports betting. These states together account for 3.5% of the U.S. population.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpLast\"><a target=\"_blank\" rel=\"noopener noreferrer\"><span lang=\"EN-US\">In addition, Ontario\u2019s government recently presented its annual budget, which included language that would modify the long-standing statutory internet gaming framework in order to allow private operators to join the province in offering sports betting and iGaming products. Ontario\u2019s population would make it the fifth largest U.S. state by population. DraftKings has offered its DFS product in Canada since 2012.<\/span><\/a><\/li>\n<\/ul>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b><u>Commercial and Strategic Agreements<\/u><\/b><\/p>\n<p>&nbsp;<\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\">DraftKings announced several advantageous commercial and strategic agreements in the quarter that\u00a0 are expected to provide the Company with access to unique and valuable content, intellectual property and marketing assets, including:<\/p>\n<ul style=\"text-align: left;\" type=\"disc\">\n<li class=\"oneComWebmail-MsoListParagraphCxSpFirst\"><a target=\"_blank\" rel=\"noopener noreferrer\"><span lang=\"EN-US\">an expansion of a multi-year content and marketing relationship with the PGA TOUR to become the first Official Betting Operator of the PGA TOUR.<\/span><\/a><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">an exclusive multi-year extension to remain the Official Daily Fantasy Sports Partner of Major League Baseball.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">an exclusive multi-year deal with the Chicago Cubs, making DraftKings the Official Sports Betting Operator and Official Daily Fantasy Partner of the Cubs, including a plan to pursue a first-of-its-kind sportsbook at Wrigley Field.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">a multi-year agreement with ESPN to collaborate in a variety of areas including becoming a co-exclusive sportsbook link-out provider and exclusive daily fantasy sports link-out provider.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">an exclusive, multi-year agreement with the New York Giants, making DraftKings the official sports betting, gaming &amp; casino and daily fantasy partner of the team.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpLast\"><span lang=\"EN-US\">an agreement with the Colorado Rockies to be named both the franchise\u2019s Official Daily Sports Partner and the franchise\u2019s first Official Sports Betting Partner.<\/span><\/li>\n<\/ul>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b><u>Product and Technology<\/u><\/b><\/p>\n<p>&nbsp;<\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\">DraftKings unveiled several technology enhancements and new product features during the third quarter:<b><\/b><\/p>\n<ul style=\"text-align: left;\" type=\"disc\">\n<li class=\"oneComWebmail-MsoListParagraphCxSpFirst\"><span lang=\"EN-US\">launched standalone casino app in Pennsylvania and West Virginia, offering users a more holistic product suite and dynamic gaming experience in a DraftKings-created casino app.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">launched Best Ball, a new season-long DFS game variant, featuring snake drafts. The streamlined draft format enables the Company to engage with customers long before the traditional pre-NFL period. DraftKings will launch Best Ball versions for fantasy basketball and hockey in the near future.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\"><span lang=\"EN-US\">introduced\u00a0<a target=\"_blank\" rel=\"noopener noreferrer\">several new DraftKings-created games for online casino, including\u00a0<\/a>new versions of blackjack, roulette and baccarat.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpLast\"><span lang=\"EN-US\">made various improvements to the mobile and online Sportsbook to further differentiate the customer experience including the addition of dark mode and shifting of main navigation (online) to the left rail.<\/span><\/li>\n<\/ul>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\"><b><u>Environmental-Social-Governance Initiatives<\/u><\/b><\/p>\n<p>&nbsp;<\/p>\n<p class=\"oneComWebmail-MsoNormal\" style=\"text-align: left;\">DraftKings had several notable ESG-related highlights during the quarter, including:<\/p>\n<ul type=\"disc\">\n<li class=\"oneComWebmail-MsoListParagraphCxSpFirst\" style=\"text-align: left;\"><span lang=\"EN-US\">strengthened our corporate governance foundation by appointing two new Board members, Jocelyn Moore and Valerie Mosley. The two directors each bring unique skills, experiences and ideas, and will play an important role in shaping the future of DraftKings and helping us achieve our long-term goals.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\" style=\"text-align: left;\"><span lang=\"EN-US\">welcomed Michael Jordan as a special advisor to the Board. Jordan will provide strategic and creative input to the Board on brand strategy, product development, inclusion, equity and belonging, marketing activities and other key initiatives.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\" style=\"text-align: left;\"><span lang=\"EN-US\">donated all of the Company\u2019s daily fantasy sports revenue from the NBA and WNBA games on August 28 and 29, totaling approximately $340,000, to organizations promoting racial justice.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpMiddle\" style=\"text-align: left;\"><span lang=\"EN-US\">announced Election Day as an official DraftKings company holiday; employees at all DraftKings offices worldwide will now receive their respective election day as a holiday.<\/span><\/li>\n<li class=\"oneComWebmail-MsoListParagraphCxSpLast\" style=\"text-align: left;\"><span lang=\"EN-US\">raised $20,000 through charity DFS contests in support of the Company\u2019s\u00a0<\/span><span lang=\"EN-US\"><a href=\"https:\/\/www.draftkings.com\/tech-for-heroes\" target=\"_blank\" rel=\"noopener noreferrer\">Tech for Heroes<\/a><\/span><span lang=\"EN-US\">\u00a0initiative, which provides recent and returning veterans and their spouses with free, high-tech skills training in areas like front end web development and cybersecurity.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DraftKings has reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":42809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,8,18],"tags":[],"class_list":["post-43670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-igaming","category-latest","category-n-america"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DraftKings Reports Third Quarter Results and Raises 2020 Revenue - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DraftKings Reports Third Quarter Results and Raises 2020 Revenue - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"DraftKings has reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T07:04:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/38b848f26341d94a3f6b1f5d9642234c\"},\"headline\":\"DraftKings Reports Third Quarter Results and Raises 2020 Revenue\",\"datePublished\":\"2020-11-16T07:04:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/\"},\"wordCount\":1400,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/DraftKings2.png\",\"articleSection\":[\"Headlines\",\"iGaming\",\"Latest\",\"N. America\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/\",\"name\":\"DraftKings Reports Third Quarter Results and Raises 2020 Revenue - iGaming Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/DraftKings2.png\",\"datePublished\":\"2020-11-16T07:04:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#primaryimage\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/DraftKings2.png\",\"contentUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/DraftKings2.png\",\"width\":800,\"height\":532},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DraftKings Reports Third Quarter Results and Raises 2020 Revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#website\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/\",\"name\":\"iGaming Post News for the B2B Gaming Inudstry\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\",\"name\":\"iGaming Post\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/iGamingPost-new-2015logo-copy.png\",\"contentUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/iGamingPost-new-2015logo-copy.png\",\"width\":400,\"height\":110,\"caption\":\"iGaming Post\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/igamingpost\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/38b848f26341d94a3f6b1f5d9642234c\",\"name\":\"Staff\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/author\\\/staff\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"DraftKings Reports Third Quarter Results and Raises 2020 Revenue - iGaming Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/","og_locale":"en_US","og_type":"article","og_title":"DraftKings Reports Third Quarter Results and Raises 2020 Revenue - iGaming Post","og_description":"DraftKings has reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond [&hellip;]","og_url":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/","og_site_name":"iGaming Post","article_published_time":"2020-11-16T07:04:31+00:00","og_image":[{"width":800,"height":532,"url":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings2.png","type":"image\/png"}],"author":"Staff","twitter_card":"summary_large_image","twitter_creator":"@igamingpost","twitter_site":"@igamingpost","twitter_misc":{"Written by":"Staff","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#article","isPartOf":{"@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/"},"author":{"name":"Staff","@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/person\/38b848f26341d94a3f6b1f5d9642234c"},"headline":"DraftKings Reports Third Quarter Results and Raises 2020 Revenue","datePublished":"2020-11-16T07:04:31+00:00","mainEntityOfPage":{"@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/"},"wordCount":1400,"publisher":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#organization"},"image":{"@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings2.png","articleSection":["Headlines","iGaming","Latest","N. America"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/","url":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/","name":"DraftKings Reports Third Quarter Results and Raises 2020 Revenue - iGaming Post","isPartOf":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#website"},"primaryImageOfPage":{"@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#primaryimage"},"image":{"@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings2.png","datePublished":"2020-11-16T07:04:31+00:00","breadcrumb":{"@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#primaryimage","url":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings2.png","contentUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/08\/DraftKings2.png","width":800,"height":532},{"@type":"BreadcrumbList","@id":"https:\/\/gaming-awards.com\/NEWS\/draftkings-reports-third-quarter-results-and-raises-2020-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gaming-awards.com\/NEWS\/"},{"@type":"ListItem","position":2,"name":"DraftKings Reports Third Quarter Results and Raises 2020 Revenue"}]},{"@type":"WebSite","@id":"https:\/\/gaming-awards.com\/NEWS\/#website","url":"https:\/\/gaming-awards.com\/NEWS\/","name":"iGaming Post News for the B2B Gaming Inudstry","description":"","publisher":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gaming-awards.com\/NEWS\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gaming-awards.com\/NEWS\/#organization","name":"iGaming Post","url":"https:\/\/gaming-awards.com\/NEWS\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/logo\/image\/","url":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/07\/iGamingPost-new-2015logo-copy.png","contentUrl":"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/07\/iGamingPost-new-2015logo-copy.png","width":400,"height":110,"caption":"iGaming Post"},"image":{"@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/igamingpost"]},{"@type":"Person","@id":"https:\/\/gaming-awards.com\/NEWS\/#\/schema\/person\/38b848f26341d94a3f6b1f5d9642234c","name":"Staff","url":"https:\/\/gaming-awards.com\/NEWS\/author\/staff\/"}]}},"_links":{"self":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts\/43670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/comments?post=43670"}],"version-history":[{"count":2,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts\/43670\/revisions"}],"predecessor-version":[{"id":43672,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/posts\/43670\/revisions\/43672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/media\/42809"}],"wp:attachment":[{"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/media?parent=43670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/categories?post=43670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaming-awards.com\/NEWS\/wp-json\/wp\/v2\/tags?post=43670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}