DraftKings Inc. began offering its online sportsbook to Puerto Rico residents on February 23, 2026, after opening a retail sportsbook at Foxwoods El San Juan Casino in November. The new platform requires residents to register in person at the casino before logging in online, ensuring compliance with local licensing requirements. The launch adds same‑game parlays, in‑game wagering and odds boosts for major leagues such as MLB, NFL and NBA, while non‑residents remain excluded from the online service but can still bet in person at the Foxwoods location.
Puerto Rico legalized sports betting in 2019, and the market has attracted several entrants, including BetMGM (online launch February 2022), FanDuel (January 2025) and Caesars (July 2023). DraftKings’ entry marks the first time the company has launched an online sportsbook in a territory outside the 29 U.S. states, Washington D.C., and Ontario, Canada where it already operates. The move is part of a broader strategy to capture incremental opportunity in regulated markets and to support the company’s goal of becoming the largest licensed sportsbook in the United States.
DraftKings’ Q4 2025 results, released in February 2026, showed record revenue of $1.989 billion, up 43% year‑over‑year, and the company’s first full‑year net income of $3.7 million. Adjusted EBITDA reached $343.2 million, a margin of 17% versus 6.4% the previous year. The company guided 2026 revenue to $6.5 billion–$6.9 billion, below the consensus estimate of $7.3 billion, and highlighted a conservative outlook that excludes projected revenue from its new DraftKings Predictions platform.
Investors reacted negatively to the guidance, citing the lower revenue forecast as a headwind despite the strong Q4 performance. The guidance signals management’s concern about near‑term macro conditions and a focus on disciplined cost control, even as the company continues to invest heavily in customer acquisition for the Predictions platform. The market’s response underscores the importance of forward‑looking metrics in evaluating DraftKings’ growth trajectory.
"Puerto Rico has a passionate sports community and launching our online sportsbook allows us to meet fans where they are. With retail already live at Foxwoods El San Juan Casino, mobile represents the next step in expanding the DraftKings experience across the island—giving eligible local customers a seamless, exciting, and responsible way to engage with sports," said Gregory Karamitis, EVP and General Manager of Sports. CEO Jason Robins added, "We closed 2025 on a high note. Fourth quarter revenue increased 43% year‑over‑year and we achieved records for revenue and Adjusted EBITDA. Our core business is strong as we enter 2026." He also noted, "We also see a massive, incremental opportunity in DraftKings Predictions. We plan to deploy growth capital to build the best customer experience in Predictions, and acquire millions of customers. We have the playbook to execute and win," and later remarked, "My team came in and showed me a number, and I said no, go make it lower."
DraftKings is the second‑largest licensed sportsbook in the United States, trailing only FanDuel. The Puerto Rico launch adds a new market to its portfolio and positions the company to capture a larger share of the growing U.S. sports betting market, while reinforcing its status as a leading digital sports entertainment platform.
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