DKNGAugust 7, 2026
A reason to own DraftKings just broke.
Helm tested one of the reasons to own DraftKings against a primary source and recorded what it found. The sentence below is quoted exactly as it was published.
The claim under test
Improving hold rates and promotional discipline drive sustained positive EBITDA
What the source actually says
Revenue decreased by $69.3 million, or 4.6%, to $1,443.2 million in the three months ended June 30, 2026, from $1,512.5 million in the three months ended June 30, 2025. The decrease was primarily attributable to our Sports revenue, which decreased $106.0 million, or 10.6%, due to a reduction in our Sports Net Revenue Margin of 1.9 percentage points primarily due to customer-friendly sports outcomes and higher promotions associated with new customers on our Sportsbook and Prediction Markets offerings.
Why it matters
The significant decrease in sports revenue and net revenue margin undermines the pillar of improving hold rates and promotional discipline.
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