American gambling giants DraftKings are reportedly set to bounce back to strong numbers when they post their Q2 figures in the coming weeks.

Following a period that included Q4 and Q1 difficulties, reports from the Bank of America stated that in DraftKings’ quarterly preview, they are tracking to a “big beat” of consensus expectations of $228m, with investors expecting Q2 EBITDA at the high-end of the $250m-$300m range.

Analysts have claimed that the company have achieved this despite the current issues, including the higher taxes, the Illinois surcharge news, fears over slowing handle and a lack of progress on state legalisation. With their successes driven by robust online sports betting and accelerating iGaming revenue.

Detailed figures reveal that sports betting grew 11.5% year-over-year in Q2 2025, while gross gaming revenue (GGR) rose 13%. Those figures were less than Q1 but the direction is positive.

Morgan Stanley have also confirmed that over the past 30 days, gaming stocks surged 17%, far outpacing the S&P 500’s 4% gain, with a large chunk of that driven by enthusiasm around digital performance, with DraftKings leading the way.

DraftKings will look to consolidate the broader iGaming market successes, given the segment has posted over 20% year-on-year growth for twelve consecutive quarters, defying concerns over any slowdown in new state launches.

Interestingly, the latest news has revealed that DraftKings could be on the verge of acquiring another company. Front Office Sports reported on Monday that DraftKings is in talks to acquire Railbird Exchange – a newly licensed designated contract market (DCM).

The report states that this is at the very early stages of discussions but DraftKings did offer a brief, neutral statement when asked.

They said that it “speaks to a variety of companies regarding various matters in the normal course of business” and that “general policy not to comment on the specifics of any of those discussions”.