Draftking Faces Headwinds in 3Q with Unfavorable Sports Calendar

Dow Jones07-13

1026 ET - DraftKings faces headwinds in its 3Q, as the NFL features 16 fewer games in the current quarter compared with last year, says Benchmark analyst Mike Hickey. He adds that the college football season also starts later, shifting games and betting opportunities out of 3Q. The online sports betting platform also faced unfavorable outcomes in 2Q with customer-friendly outcomes for the NBA playoff and the World Cup. But some 2Q customer winnings are being recycled into World Cup wagering, creating an opportunity for DraftKings recover part of its losses, Hickey said. (grace.yoon@wsj.com)

(END) Dow Jones Newswires

July 13, 2026 10:27 ET (14:27 GMT)

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