Currently, the company has launched mobile sports betting in 22 states and iGaming in five states.Īs more states legalize sports betting and online gaming, companies only have more potential dollars to win. He added that the company plans to move into new markets in the coming months with launches in Maine and North Carolina, pending regulatory approval. 'We are winning,' DraftKings CEO Jason Robins said in a conference call with analysts Friday.

23, while FanDuel's market share fell to 30%, according to Eilers & Krejcik.

across online sports betting and casino gaming, according to market research firm Eilers & Krejcik Gaming.ĭraftKings accounted for about 31% of online sports betting and casino gaming revenue in the third quarter through Aug. Last month, DraftKings overtook rival sportsbook FanDuel for the first time in market share to become the leader in the U.S. Wall Street has enjoyed what it has seen from the company, as shares have spiked nearly 200% this year. Revenue for online gaming is projected to grow 12.9% yearly and hit $31.1 billion by 2027.ĭraftKings has emerged from the pool as a clear leader in the sports betting and online gaming space. The games are online wagering on traditional casino games, such as blackjack, poker, or slot machines. Meanwhile, despite being legal in just six states, revenue in the online gaming market is projected to reach $19.1 billion in 2023, according to Statista data. Today, online sports betting is legal in more than half of the U.S. The market for sports betting began to take shape after a 2018 Supreme Court ruling cleared the way for states to determine their own laws on the matter. Revenue is expected to grow yearly by 17.3% to reach a projected market volume of $14.4 billion by 2027. Overall revenue from online sports betting is projected to reach $7.6 billion by the end of 2023 in the U.S., largely driven by its introduction in more states over the past year, according to data from research firm Statista. 14, when The Walt Disney Company plans to launch ESPN BET in 17 states. But a space that already boasts names like FanDuel, Caesars, MGM and Fanatics is about to get more crowded on Nov. It's been a winning plan that others in the fast-growing industry have followed. Its success, which sent shares more than 16% higher Friday, came not only from sports betting, but also from online versions of casino games. 30 as it expands into new jurisdictions, broadens its customer base and keeps existing customers spending on its platform. The gaming company said its revenue jumped 57% to $790 million for its third quarter ending Sept. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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