- DraftKings executives said the company plans to launch in Ontario in Q2 2022, perhaps before the end of May.
- “We expect to go live in Ontario in the near future, pending licensure and regulatory approval,” CEO Jason Robins said during an earnings call last Friday to discuss Q1 2022.
- During the call, CFO David Park said DraftKings expects the GNOG acquisition, combined with its upcoming launch in Ontario will add $130 million to $150 million in revenue for the full-year 2022, but would also create a loss of $50 million to $70 million in adjusted EBITDA
DraftKings executives said the company plans to launch in Ontario in Q2 2022, perhaps before the end of May.
“We expect to go live in Ontario in the near future, pending licensure and regulatory approval,” CEO Jason Robins said during an earnings call last Friday to discuss Q1 2022.
Ontario’s regulated market for online poker, casino, and sports betting opened on April 4, and several of DraftKings’ rivals launched on the first day. Despite that, Robins said the Boston-based company doesn’t believe its competitors hold an edge.
“Due to the presence of gray market operators, many of which have been present in Ontario for several years, we do not believe that the timing of our launch will have any impact on the share we are able to achieve in that province,” Robins said.
On the day before the earnings call, DraftKings completed its acquisition of Golden Nugget Online Gaming (GNOG).
