DraftKings Forecasts 30% EBITDA Margins, Unveils Super App Plans
Posted on: March 2, 2026, 11:37h.
Last updated on: March 2, 2026, 11:37h.
- DraftKings forecasts long-term adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 30%
- Sees potential upside to that projection
- Company sees $55 billion to $80 billion industry “gross revenue opportunity”
In advance of its investor day, which is taking place today, DraftKings (NASDAQ: DKNG) said it expects to notch a long-term adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 30%, eyeing potential upside to that forecast.
That estimate was part of a broader growth strategy, which is being detailed at the investor event, and include an estimate indicating the industry-wide gross revenue opportunity set could range from $55 billion to $80 billion by 2030. DraftKings Predictions, the company’s prediction market platform, figures prominently in that scenario.
The expected 2030 industry gross revenue opportunity reflects continued state legalization of Sportsbook and Casino, growth in existing jurisdictions, and the expansion of DraftKings Predictions,” according to a statement issued by the company. “As a key driver of this opportunity, DraftKings Predictions enables the Company to offer sports event contracts in states without regulated online wagering, expanding its reach to nearly the entire U.S. population.”
DraftKings Predictions debuted in December. The stock is slightly lower in midday trading, but that appears to be more the result of weakness in the broader gaming complex.
DraftKings Announces Super App
The sportsbook giant also announced plans for what it deemed a “super” mobile application known as DraftKings Sports & Casino.
The concept is easy to understand and centers around convenience as it the app would be all inclusive, bringing DraftKings’ iGaming, lottery courier, prediction markets, and sports wagering offerings together under a single roof.
Although DraftKings didn’t comment to this effect, the super app concept is being deployed in the financial services realm with companies such as Coinbase (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD) bringing investing, saving, trading, prediction markets platforms together under one umbrella. It’s possible gaming companies are mirroring that approach.
“Phase one of the integration is expected by March Madness, with additional upgrades planned throughout the year. The Super App will leverage DraftKings’ experience and infrastructure operating the No. 1-rated Sportsbook to offer a unified sports experience, available nationwide,” notes Boston-based DraftKings.
DraftKings Embracing AI
DraftKings also highlighted plans for a wide embrace of artificial intelligence (AI), which jibes with some expectations on Wall Street that the company is likely to be a leading implementer of that disruptive technology.
“The planned rollout of DraftKings Sports & Casino is expected to enhance DraftKings’ powerful lifetime value flywheel, which is increasingly efficient and supported by its four sustainable advantages in Product, Technology, Trust, and Marketing, and accelerated by AI,” according to the statement.
Last week, DraftKings announced layoffs amounting to up to 5% of its workforce, stoking speculation those moves were AI-related.
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