Eight-Figure Jackpot Skews Michigan's November iGaming Revenue [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
DraftKings became the first iGaming platform operator in U.S. history to make an eight-figure jackpot payout last month when a player won $22.4 million with a 20-cent play on the Huff N' Even More Puff progressive slot. That was more than double the largest previous iCasino jackpot payout — which also came via DraftKings in Michigan in February at $9.28 million via 20-cent play on the Irish Pot Luck progressive slot. Despite the massive payout, the 14 platforms still combined for a 9.9% increase in revenue compared to November 2024. FanDuel picked up the slack with its second-best month while both BetRivers and Fanatics Casino continued their impressive year-long run with record-setting monthly revenue totals. The state was eligible to levy taxes on $233.3 million in adjusted gross revenue, re-directing $48.5 million to its coffers. The city of Detroit collected $13 million in receipts, while tribal disbursements totaled $5.5 million. DraftKings is a top-three platform for reve
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DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website