Recent Updates — DKNG
On September 23, 2026, DraftKings Inc.'s Audit Committee dismissed BDO USA, P.C. as its independent registered public accounting firm, effective after the conclusion of the fiscal year ending December 31, 2026 audit and the filing of the 2026 Annual Report on Form 10-K. The committee appointed Deloitte & Touche LLP as the new auditor for the fiscal year ending December 31, 2027, subject to standard client acceptance procedures and execution of an engagement letter dated September 25, 2026. BDO’s reports for fiscal years ended December 31, 2024, and 2025 contained no adverse opinions, disclaimers, or modifications regarding audit scope or accounting principles. There were no disagreements with BDO on matters of accounting principles, financial statement disclosures, or auditing procedures that would have caused BDO to reference them in its reports. No reportable events occurred during the specified periods. DraftKings Inc. operates in the sports betting and iGaming industry.
On August 25, 2026, DraftKings Inc. closed a second amendment to its credit agreement, establishing a $700 million senior secured Term Loan B facility maturing in August 2033 and upsizing its revolving credit facility to $750 million, replacing the previous $500 million facility due in November 2029. The new term loan bears interest at Term SOFR plus 2.00% per annum and requires a 1.00% annual principal amortization. DraftKings intends to use net proceeds from the term loans to repurchase a portion of its outstanding Convertible Notes due 2028, subject to market conditions, with remaining funds allocated for general corporate purposes. The company operates in the digital sports betting and gaming industry.
DraftKings Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Sports Consumer Volume increased 15% to $13.1 billion, while revenue decreased 5% to $1,443 million due to customer-friendly outcomes and promotional reinvestment. Monthly Unique Payers rose approximately 9% to 3.6 million. The company reported a net loss of $67.6 million compared to net income of $157.9 million in the prior year period. Adjusted EBITDA declined to $114.6 million from $300.6 million. DraftKings maintained its fiscal year 2026 guidance for revenue between $6.5 billion and $6.9 billion and Adjusted EBITDA between $700 million and $900 million. The company operates in the digital sports betting, iGaming, and prediction markets industry.
DraftKings Inc. reported that in May 2026, annualized consumer volume in its Predictions offering grew 24% month-over-month to $1.3 billion, while annualized total volume traded rose 34% month-over-month to $3.1 billion compared to April 2026. The company operates in the online sports betting and iGaming industry.