As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / Legalization of sports betting continues to boost the rise of DraftKings

Legalization of sports betting continues to boost the rise of DraftKings

Publish Date: December 10, 2021
Fact checked by: Jesse M Cox

DraftKings has become one of the biggest operators in the US not just for its stellar daily fantasy sports platform but for its phenomenal sportsbook as well. The name DraftKings has become synonymous with sports betting in the US today and it continues to power to the top of the list of the best sports betting sites available.

laptop with money beside it

Since the US Supreme Court ruling in 2018 sports betting is now legal in over 30 different states. To give you an idea of what this kind of ruling has done for gambling revenue in the US, there is an expected intake of around $12 billion from 45 million different US citizens. This is just from NFL betting alone which shows how much further sports betting can still go in the country. The real winners in all of this can largely be attributed to 2 or 3 top sportsbooks but one that has grown into a colossus has been DraftKings. The operator is raking in revenue profits like never before as it continues to expand its brand into the far reaches of the US.

DraftKings sees huge rise in revenue

The real signs of the growth of DraftKings is in the numbers themselves. The sportsbook has posted some ridiculous revenue figures in the 3rd quarter. DraftKings announced that they had seen a 60% in profit from the same period of last year. To be more precise, DraftKings have raked in $213 million in profit for November alone. In addition to the sheer revenue numbers, the operator also announced that it has seen an increase in monthly users to 1.3 million unique customs. It makes sense that with the rise of unique monthly users that the profits of the  operator would rise as well.

These are not only staggering numbers but it is an astonishing increase from the previous years. The foundations are all there and as the US continues to relax its laws on sports betting, you can only imagine that these numbers will continue to grow as DraftKings continues to expand its business in different states.

Still a long way to go for mobile sports betting in the US

What is really interesting about this rapid rise in DraftKings revenue is that they are still essentially only scratching the surface. Sure, the numbers make for good reading but when you really delve into what they mean, they are barely anywhere near where they could be. This is largely in regulation to the mobile sports betting numbers. The gaming revenue in the US in 2021 can only attribute 4% to mobile sports betting. If you put those numbers up against the same markets in the UK, they don’t even get close to the UK mobile sports betting market contributing as much as 45% in 2021.

This only goes to show that the markets in the US have plenty more room for growth. Its of course only fair to mention the fact that the US online sports betting market is still incredibly young, all things considered. If sportsbooks like DraftKings are already putting up numbers like they are, the future holds massive revenue spikes for one of the US’s top mobile sportsbooks. Whether or not they will ever overtake the UK in revenue numbers remains to be seen but the future is bright for sportsbooks like DraftKings as more states begin to soften their sports betting laws. We are interested to see how things play out in the next couple of years as it will be an exciting race for dominance.

Read Also
PrizePicks launches a new free-to-play game in Michigan
PrizePicks offers users a new way to enhance their fantasy gaming experience. ...
Over $20 Billion In Revenues Since Legalization Of Sports Betting
Legal sports betting has only been in existence in the US for ...
BetMGM Promo
DFS Wins New York State Court Of Appeals
Daily fantasy sports achieved a major victory in the New York State ...
Mobile Sports Betting Launches In Arkansas
The Arkansas state joint budget committee approved rules that allow the state’s ...
Sports Betting Companies Contribute Towards All-Time Highs in NFL Sponsorship Revenue
The National Football League’s sponsorship revenue increased by a staggering 12% in ...
Sportsbook of the month
DraftKings - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
Top crypto gambling sites in 2024
Cryptocurrency casinos provide players with various advantages, such ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Top Betting Sites
Top Betting Bonuses
DraftKings
DraftKings
DraftKings Review
4.6/5
FanDuel
FanDuel
FanDuel Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.5/5
Bet365
Bet365
Bet365 Review
4.5/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
DraftKings
DraftKings Bonus
No Sweat First Bet up to $1,000
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $150 in Bonus Bets
T&Cs apply
4.6/5
BetMGM
BetMGM Bonus
Bet $5 Get $150 Instantly in Bonus Bets
T&Cs apply
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $2000 OR Bet $5 and Get $150
T&Cs apply
4.5/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $2000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
4.5/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site