In the cutthroat world of online gambling, Jason Robins has continually welcomed fierce competition.
Following a quarter when DraftKings claimed the top spot in national market share, CEO Robins is not backing down with a pair of highly capitalized, mainstream brands in pursuit. One of those, ESPN BET, revealed its'formal launch date on Thursday, but DraftKings made news of its own just a few hours later.
After trailing arch nemesis FanDuel for all of 2022, DraftKings announced Thursday afternoon that it vaulted past the longtime U.S. market leader for the third quarter of 2023. During the three-month period ending on Sept. 30, DraftKings reported combined online sports betting and iGaming market share of approximately 33%, ascending to the top of the podium, according to company internal metrics. The announcement coincides with a strong quarter in which the company reported double-digit top-line growth in numerous categories.
While Robins took a victory lap of sorts on Friday’s earnings conference call, he promised to not rest on his laurels.