DraftKings CEO Sees Record-Breaking Momentum Ahead Of NFL Season: Report

DraftKings (DKNG) CEO Jason Robins reportedly said that heading into the NFL season, the company was seeing record numbers.

According to a CNBC report, the NFL is one of the biggest seasons for sports betting. However, Robins noted that the NFL season was second only to the Super Bowl in driving customer acquisition to its platform and expanding the overall betting market.

“The numbers just keep going up right into kickoff, and it’ll continue through Sunday,” Robin told CNBC. He added that the company was seeing big and record numbers.

Retail sentiment on DraftKings remained unchanged in the ‘bearish’ territory, with message volumes at ‘low’ levels, according to data from Stocktwits. Shares of DraftKings were down 4% during midday trading on Thursday.

The report cited the American Gaming Association to state that this NFL season, legal betting in the U.S. is estimated to grow by 8.5% to $30 billion. CNBC added that DraftKings was not seeing any slowdown in the numbers and that everything was going up.

“We’re regulated in a lot of states, and some states have taken a very adversarial position, so we have to obviously be careful and engage the regulator,” Robins told CNBC. He noted that DraftKings would not take any chances that could compromise its sports betting licenses.

At the same time, BetMGM CEO Adam Greenblatt said last week was the sportsbook’s best-ever season for revenue, with pre-season volume up 30%. He added that the company was seeing no softness or reduction in average bet size. 

DraftKings shares have gained 23% this year and have jumped 28% in the last 12 months. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Also See: Gap Eyes Beauty Boom, Old Navy To Launch Cosmetics And Accessories In Fall Rollout