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DRAFT KINGS DraftKings Meets Guidance with Third Quarter Revenue Growth of 60 % ; Exceeds 2.1 Million MUPS in September ; Increases Midpoint of 2021 Revenue Guidance to $ 1.26 Billion ; Introduces 2022 Revenue Guidance of $ 1.7 Billion to $ 1.9 Billion November 5 , 2021 Successfully completed sports betting technology migration ahead of schedule ; Continued user growth and engagement with new product offerings BOSTON , Nov. 05 , 2021 ( GLOBE NEWSWIRE ) -- DraftKings Inc. ( Nasdaq : DKNG ) ( " DraftKings " or the " Company " ) today reported third quarter 2021 financial results . Third Quarter 2021 Highlights For the three months ended September 30 , 2021 , DraftKings reported revenue of $ 213 million , an increase of 60 % compared to $ 133 million during the same period in 2020. Third quarter 2021 revenue was in - line with the guidance the Company previously provided during its second quarter earnings conference call on August 6 , 2021 . " DraftKings had a strong third quarter that highlights our team's unique ability to drive engagement with our core customers while simultaneously launching new states and verticals and completing the complex migration to our own in - house technology ahead of schedule , " said Jason Robins , DraftKings ' co - founder , Chief Executive Officer and Chairman of the Board . " Since migrating , we have rapidly added innovative features and functionality to our top - ranked mobile sports betting app . We are also excited that our new growth initiatives , including DraftKings Marketplace and our content and media business , demonstrated promising early results in the quarter . " Jason Park , DraftKings ' Chief Financial Officer , added , " Fundamental user acquisition , retention and engagement trends in the third quarter were outstanding across all of our online gaming products . We delivered $ 213 million in third quarter revenue which represents a 60 % year - over - year increase . On a same state basis and taking into consideration lower than expected hold primarily due to NFL game outcomes , third quarter revenue would have been $ 40 million higher . Our key performance indicators also continued to grow , as Monthly Unique Payers increased by 31 % and Average Revenue Per Monthly Unique Payer grew by 38 % . We are increasing the midpoint of our 2021 revenue guidance and introducing 2022 revenue guidance which points to another year of strong growth in existing states for DraftKings . " Continued Healthy Growth in Player Retention . Acquisition and Engagement • Monthly Unique Payers ( " MUPS " ) for our B2C segment increased 31 % compared to the third quarter of 2020. On average , 1.3 million monthly unique paying customers engaged with DraftKings during each month of the third quarter . The increase reflects strong unique payer retention and acquisition across our Sportsbook and iGaming product offerings as well as the expansion of our Sportsbook and iGaming product offerings into new states . • Average Revenue per MUP ( " ARPMUP " ) was $ 47 in the third quarter of 2021 representing a 38 % increase versus the same period in 2020. Our ARPMUP benefitted from continued mix shift into our sportsbook and iGaming product offerings , cross selling our customers into more products and stronger engagement within product verticals . • DraftKings delivered strong growth in MUPS and ARPMUP in the third quarter of 2021 without contribution from major sports such as the NBA and NHL which resumed their respective seasons in the third quarter of 2020 following suspension in March 2020 due to COVID - 19 . Increasing Midpoint of 2021 Revenue Guidance and Introducing 2022 Revenue Guidance DraftKings is increasing the midpoint of its fiscal year 2021 revenue guidance to $ 1.26 billion and narrowing the guidance range of $ 1.21 billion to $ 1.29 billion to a range of $ 1.24 billion to $ 1.28 billion , which equates to year - over - year growth of 93 % to 99 % . • This guidance reflects strong results year - to - date , completed new state launches and our demonstrated ability to engage users and acquire customers efficiently and does not include the impact of any new state launches after November 5th , 2021 . • DraftKings ' 2021 revenue guidance also includes a $ 25 million negative revenue impact primarily due to customer - friendly NFL event outcomes in October . • DraftKings is also introducing 2022 revenue guidance of $ 1.7 billion to $ 1.9 billion , which equates to 43 % year - over - year