{"id":21134,"date":"2024-05-03T10:28:05","date_gmt":"2024-05-03T10:28:05","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=21134"},"modified":"2024-05-10T09:13:13","modified_gmt":"2024-05-10T09:13:13","slug":"draftkings-enjoys-outstanding-q1-with-52-7-increase-on-year-on-year-revenue-figures","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/draftkings-enjoys-outstanding-q1-with-52-7-increase-on-year-on-year-revenue-figures\/","title":{"rendered":"DraftKings Enjoys “Outstanding” Q1 With 52.7% Increase On Year-On-Year Revenue Figures"},"content":{"rendered":"

DraftKings Q1 results for 2024 have been revealed, with the betting company revealing an impressive start to the year compared to 2023 revenue figures.<\/strong><\/p>\n

DraftKings Q1 results<\/h2>\n

The operator reported a huge increase in year-on-year numbers, with DraftKings seeing a 52.7% rise in revenue to $1.18Billion compared to last year.<\/p>\n

CEO of DraftKings, Jason Robins, was ecstatic with his company’s performance through Q1 as despite changes of senior management they continued to perform in 2024.<\/p>\n

\u201cDraftKings\u2019 performance in the first quarter of 2024 was outstanding, reflecting healthy revenue growth and a scaled fixed cost structure that positions us to drive rapidly improving adjusted EBITDA,\u201d Robins said.<\/p>\n

\u201cLooking ahead, we remain committed to maximising shareholder value through continued innovation, operational excellence and disciplined capital allocation.\u201d<\/p>\n

DraftKings reported that revenue was $405Million higher through Q1 in 2024 than it was in 2023 –\u00a0 with figures crossing the billion dollar mark to kick off this year for a first time.<\/p>\n

DraftKings Profitable Deals in 2024<\/h3>\n

The Boston based bookmaker set up multiple deals at the beginning of this year that are likely to be big contributors to their revenue.<\/p>\n

In February DraftKings agreed a deal to acquire lottery app ‘Jackpot’ for a whopping $750m. Jackpot is expected to bring in over $340m of revenue each year.<\/p>\n

DraftKings sportbook also struck a profitable deal with the hugely popular Barstool sportsbook that is sure to get the operator much more exposure in the future of their multi-year deal.<\/p>\n

Finally, sportsbooks were launched in both North Carolina and Vermont at the beginning of this year, which will both no doubt be big contributions to the $405million rise in Q1 revenue this year.<\/p>\n

For a seamless gaming experience, check out the fastest payout online casinos<\/a> and enjoy instant withdrawals.<\/p>\n","protected":false},"excerpt":{"rendered":"

DraftKings Q1 results for 2024 have been revealed, with the betting company revealing an impressive start to the year compared to 2023 revenue figures. DraftKings Q1 results The operator reported a huge increase in year-on-year numbers, with DraftKings seeing a 52.7% rise in revenue to $1.18Billion compared to last year. CEO of DraftKings, Jason Robins, … <\/p>\n","protected":false},"author":64,"featured_media":17603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-21134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nDraftKings Enjoys "Outstanding" Q1 With Huge Revenue Figures<\/title>\n<meta name=\"description\" content=\"DraftKings announced their Q1 results for 2024 this week, with the betting company revealing an impressive start to the year compared to 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/instantcasinos.com\/blog\/draftkings-enjoys-outstanding-q1-with-52-7-increase-on-year-on-year-revenue-figures\/\" \/>\n<meta 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