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.