Jason Robins, Chief Executive Officer of DraftKings, has revealed that the leading US sportsbook is pondering adding crypto payments to its platforms, news that broke out after a fourth-quarter earnings call in February.
According to the CEO of DraftKings, the company is currently looking into integrating cryptocurrencies, highlighting that the time may be right as many regulators are slowly but surely getting “comfortable with it”.
Moreover, Robins stated that the sole reason for not offering crypto payments at this time is due to the fact that only a few US states are open to allowing crypto at the moment. The CEO said that if the number of states that allow crypto grows substantially, the company is most likely to integrate cryptocurrencies.
It’s certainly something we’re looking at. It’s also getting regulators comfortable with it. They’re usually cautious around crypto. There are only a handful of states open to it at the moment, but if it grows to a larger number of states, it’s something we’d take a longer look at.
DraftKings is well-positioned to excel in the realm of instant transactions with no processing fees, as one report by PYMNTS reveals that nearly 70% of recreational gambling enthusiasts opt for instant payouts whenever they are available.
This notion is further supported by the fact that US President Donald Trump is currently working to create a clear legal framework for cryptocurrencies. According to the official statement, if this results in concrete crypto regulation, then DraftKings could become one of those US operators to add cryptocurrency payments.
President Donald Trump is working to clarify the legal situation regarding cryptocurrency. Should regulation in this area become clearer, DraftKings could be one of multiple betting operators to add crypto payment options.
Furthermore, Robins said that another area the company wants to improve is live betting. More specifically, the CEO mentioned Jackpocket as an example, highlighting its success as an “efficient acquisition channel” for the sportsbook.
Jackpocket is the number 1 US digital lottery courier app, which recently entered the top 5 in the entertainment category of the App Store, and the CEO believes that by partnering with leading broadcasters to boost live streaming, DraftKings can benefit from improved streaming service.
For instance, Jackpocket, the No. 1 digital lottery courier app, has proven to be an efficient acquisition channel for the DraftKings ecosystem. The app recently cracked the top 5 in the entertainment category of the App Store when the Mega Millions jackpot reached $1.2 billion. In 2025, we believe Jackpocket is positioned to benefit from larger prizes, more states, and an expanded product offering that includes scratcher games.
In other related news, DraftKings had a record-breaking 2024, which saw the company’s Q4 revenue grow by 13% compared to 2023, reaching the figure of $1.39 billion. Year-on-year, the company’s revenue reached $4.48 billion, which is a 30% increase, a development made possible by the company registering 3 million new members, for a total player base of more than 10 million at the moment of writing.
