College Sports

DraftKings Posts Record Q1 Revenue but Cuts 2025 Outlook

DraftKings was out with record-breaking revenue numbers for its first quarter of 2025. An eye-popping $1.4 billion, up 20% from last year’s $1.17 billion. EBITDA was also higher at $102.6 million vs. last year’s $22.3 million. DraftKings uses a metric dubbed Monthly Unique Players instead of the more standard industry parlance of Active Monthly Users […]

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3 months ago

May 12, 2025

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DraftKings Posts Record Q1 Revenue but Cuts 2025 Outlook

DraftKings uses a metric dubbed Monthly Unique Players instead of the more standard industry parlance of Active Monthly Users to more easily designate the number of their users who are actually placing monetary bets.

This number reached 4.3 million in Q1, up substantially from last year’s Q1 number of 3.4 million, but down from its record Q4 quarter in 2024 during NFL and College Football when they reached 4.8 million.

The company also publishes a handy metric called Average Revenue Per Monthly Unique Payer, which basically looks at how much the average real-money bettor contributes to revenue. In this case, that number reached $108 per player, up from just $97 last quarter but down from $114 in Q1 2024.

Sportsbook handle, or total dollar amount wagered, also saw impressive growth, up to $13.8 billion, up 16%, or more than $1.8 billion more than the same quarter last year. Sportsbook revenue accounted for $882 million, while the five states in which the company currently operates iGaming chipped in an additional $423 million, which was up $370 million YOY.

The company added an additional $103 million in revenue from other sources, such as its fantasy sports business and its recently acquired business, Jackpocket, the leading digital lottery app in the US. Last year, it also purchased Simple Bet and Sports IQ.

DraftKings Posts Record Q1 Revenue but Cuts 2025 Outlook

NCAA Tournament Chalk Costs Draftkings Plenty

In sports betting parlance, chalk is the favorite in a matchup; usually, in this reference, it means the heavy favorite. And according to Allen Ellingson, the company’s CFO, chalk cost DraftKings roughly $170 million in revenue and $110 million in EBIDA during the men’s college basketball tournament in March, where the favorites won at a rate not seen in modern times. In fact, more than 82% of games were won by the Chalk.

The company revised earnings downward in the face of this for the full year 2025 to $6.3 billion, from a previous guidance of $6.6 billion. EBITDA projections now stand at $800 million, down from an earlier forecast of $900 million to $1 billion, so it was again a sizable impact.

The company CEO, Jason Robbins, spent a good bit of his earnings call making the case that this was an aberration and that the sportsbook hold would bounce back after what are now two consecutive quarters of dismal results, first in NFL outcomes in Q4 and then NCAA basketball in Q1.

He even briefly launched into a fan theory on NIL in college basketball, possibly being behind the dominance of large, favored basketball programs. Top recruits sign with dominant programs in larger markets to maximize their earnings from the NCAA’s new Name, Image, Likeness program, allowing even college athletes to be compensated for endorsements or sponsorships. Thus, these all-star programs have increased their wins over less well-known competitors.

The company also highlighted its continued belief that its customers would migrate towards much higher holding parlay and live action betting over time. They touted an almost 36% uptick in Major League Baseball Live Game bets already this season, to showcase what they believe will be the future of sports betting, and one that the company has been pursuing relentlessly with its M&A purchases over the past several years.

They also reaffirmed their intention to buy back about $1 billion in stock over the coming year, and they had already purchased about $140 million in the first quarter.

Looking Forward

Despite some bruising losses, DraftKings believes that structural hold will stabilize over the next quarter or two and that adding live betting and parlays will grow that hold number over time.

Clearly, they continue to capitalize on increasing handle. That number should also sharply rise as AI-assisted gambling technology and its highly skilled oddsmakers, allow an almost infinite number of live in-game bets and parlays to be offered on the app in the not-so-distant future.

Compare that with the total of only 272 games in an entire NFL season, and the number of bets and the amount wagered could skyrocket, as most players currently only bet the line and possibly the over/under. This means that many punters only currently make perhaps two bets on their favorite team per week, versus a dozen or more once live game betting rolls out further, which is why you have seen DraftKings snatching up companies like Simple Bet and Sports IQ as they prepare for the real growth that is yet to come in live game betting.

They also believe that as the market matures, their spending on advertising and free play will come down, but they mention the potential for higher taxes in some states that may offset that decreased spending.

Regardless of the future, the pressure is on Robbins in the present to show that the last two quarters of player-friendly outcomes were a fluke and that the company can convert those increasing numbers of Monthly Unique Players and ever-increasing handle into an actual, sustainable, and predictable revenue stream.

College Sports

MEN’S ICE HOCKEY: A fourth former Statesmen goes pro this summer | Around The Web

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39 minutes ago

July 26, 2025

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College Sports

Celeste Brown – Penn State

Celeste Brown enters her fourth year as an assistant coach with Penn State women’s hockey in 2020-21 not far removed from her reputable career on the ice. Primarily responsible for coaching the team’s forwards, Brown has had a direct impact on the Nittany Lion offense which scored 73 goals in 2018-19, the second-highest total in […]

Published

2 hours ago

July 26, 2025

Your Sports Nation

An alumna of the Rochester Institute of Technology (RIT), Brown returned for her second stint in College Hockey America (CHA) after serving as an assistant coach at Connecticut College for the 2016-17 season.

Before beginning her coaching career, Brown played for the New York Riveters during the inaugural season of the National Women’s Hockey League (NWHL) in 2015-16. While coaching at Connecticut College, Brown played for the NWHL’s Connecticut Whale in 2016-17.

Brown closed out her collegiate career as RIT’s Division I career leader with 30 goals between 2012-15 and her nine-career game-winning goals rank in the top 10 at RIT.

Her class tallied a 15-2 record in postseason play, which included an NCAA Division III National Championship in 2012. After the Tigers elevated to Division I in the 2012-13 season, she helped the Tigers to back-to-back CHA titles in 2014 and 2015. She was a two-time captain and netted 70 points on 42 goals and 28 assists in 139 career games played, the fifth most games in program history.

The 2012 NCAA Division III National Championship game featured Brown recording the go-ahead goal 1:23 into the third period to help lead the Tigers to a 4-1 victory over Norwich.

In the classroom, Brown posted a cumulative grade-point average of 3.73, was named a three-time CHA All-Academic Team honoree and received the 2014 CHA Academic All-Star honor for posting a 4.0 GPA.

From Great Falls, Montana, Brown graduated from RIT in 2015 with a bachelor’s degree in sociology and anthropology.

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College Sports

Maryland coach Mike Locksley: I lost the locker room over NIL payments last year

In another sign of how name, image and likeness payments have fundamentally changed college football, Maryland head coach Mike Locksley admitted this week that player payments became such a contentious issue on his team that it caused strife in the locker room. “A year ago, Coach Locks lost his locker room,” Locksley said. “We had […]

Published

2 hours ago

July 26, 2025

Your Sports Nation

“A year ago, Coach Locks lost his locker room,” Locksley said. “We had haves and have-nots for the first time. The landscape of college football taught me a valuable lesson. And that valuable lesson is it’s important for me, even in the midst of this change, to continue to educate our players on the importance of what playing for something bigger than yourself is all about. And I can tell you, if I have to put my desk in the locker room, I will.”

Locksley said he was torn between paying younger players to attract new recruits, and paying older players to reward those who had been valuable contributors to the program for years. Maryland fell to 4-8 last year after winning bowl games each of the three previous seasons.

“Losing the locker room a year ago, for me, was really personal, because it’s bigger than football,” Locksley said. “Last year was tough on me as a coach because for the first time, those really strong relationships were questioned. Because I had to decide whether to pay a freshman coming in or take care of a veteran player who helped me go to three bowl games.”

Locksley said he now has a sign at the locker room entrance telling players to leave their finances out of the locker room. A sign of a major change in college football.

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College Sports

Frank Seravalli joins the high school coaching ranks

Frank Seravalli’s standout ice hockey playing days at Holy Ghost Prep continue to pay dividends during his adult career in the sport. Seravalli, a Bucks County native now living in Churchville, was recently named varsity head hockey coach at regional powerhouse Germantown Academy in Fort Washington. GA’s hockey alumni list includes former Stanley Cup-winning goaltender […]

Published

4 hours ago

July 26, 2025

Your Sports Nation

Frank Seravalli’s standout ice hockey playing days at Holy Ghost Prep continue to pay dividends during his adult career in the sport.

Seravalli, a Bucks County native now living in Churchville, was recently named varsity head hockey coach at regional powerhouse Germantown Academy in Fort Washington.

GA’s hockey alumni list includes former Stanley Cup-winning goaltender Mike Richter of New York Rangers fame, along with Yardley native Brian O’Neill, whose resume includes a stint with the NHL’s New Jersey Devils.

Seravalli’s appointment was announced by Germantown Academy director of athletics Tim Ginter.

“We are thrilled to welcome Frank to Germantown Academy,” Ginter said in a press release. “Frank is a respected figure in the hockey world whose passion for the game is unmatched. His deep knowledge of the sport, vision for building a program and lifelong connection to GA make him the perfect leader to guide our program forward.”

Seravalli’s ties to Germantown Academy run deep.

He’s been a devoted fan of the Patriots’ ice hockey program for a number of years, dating back to his youth. Seravalli would often attend GA games at Face Off Circle rink in Warminster. He was particularly interested in the coaching style of long-time bench boss John Ioia, who was inducted into Germantown Academy’s Athletic Hall of Fame in 1996.

“That’s where my love for hockey began and those memories remain a powerful source of inspiration,” said Seravalli, a former Flyers beat writer/columnist for the Philadelphia Daily News.

“Germantown Academy hockey has been one of the crown jewels of the Philadelphia region and is still the only school to send three players (Richter, O’Neill and David Sloane) to the NHL. There is a proud history and a passionate alumni base here. I’m incredibly thankful for the trust demonstrated by GA leadership and the athletic department. I can’t wait to dig in and put in the work.”

Seravalli brings a wealth of experience to the Germantown Academy program.

He currently serves as head coach of the 11U Philadelphia Blazers, and professionally as an insider and broadcaster.

As president of Daily Faceoff, he led a national network of digital hockey coverage and served as the site’s lead NHL insider.

A three-time selection to The Hockey News list of “100 People of Power and Influence in the NHL,” Seravalli has spent nearly two decades breaking league-wide news and offering expert analysis across international platforms such as TSN, Sportsnet and Amazon Prime.

Off the ice, Seravalli served as president of the Professional Hockey Writers’ Association for six years and previously sat on the Holy Ghost Prep Alumni Association board. He holds a B.A. from Penn State and attended Columbia University’s Graduate School of Journalism.

The Patriots return 10 varsity letterwinners from their 2024-25 Independence Hockey League championship season, including five All-IHL selections.

www.flyingfishhockey.com

Originally Published: July 25, 2025 at 3:22 PM EDT

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College Sports

USPHL Commitment Profile: Red Bank’s Singleton Commits To New England College • USPHL

By Joshua Boyd / USPHL.com Red Bank Generals goaltender Braxton Singleton is extremely excited that he has made his commitment this summer to the NCAA’s New England College. “I started speaking with NEC over the summer. They told me they really like my compete level and game sense, which I take a lot of pride […]

Published

4 hours ago

July 26, 2025

Your Sports Nation

By Joshua Boyd / USPHL.com

Red Bank Generals goaltender Braxton Singleton is extremely excited that he has made his commitment this summer to the NCAA’s New England College.

“I started speaking with NEC over the summer. They told me they really like my compete level and game sense, which I take a lot of pride in,” said Singleton, a 2004-born goaltender from Edmonton, Alb.

He just completed his first and only season with the Generals, a new team in 2024-25. He had previously played with the Hampton Roads Whalers in the USPHL Premier and Elite conferences.

He is excited to be joining the Pilgrims, who will play their first season as members of the new Little East Conference.

“NEC is a top-notch program. They treat their players like pros, and the facilities are second to none,” Singleton said. “Away from the rink, it’s also a great school with an academic program that fits my needs perfectly.”

Singleton played in a career-high 30 games this past season, going 18-8-2-1 with a .923 save percentage. In the playoffs, he registered a .921 save percentage, staying consistent.

“Playing for the Red Bank Generals was a dream come true. The coaching staff truly cares about every single guy and does whatever it takes to help you succeed and prepare for the next level,” added Singleton. “The facilities are among the best in the country, and choosing to play in Red Bank was the best decision I’ve ever made.”

Being a three-year USPHL veteran, Singleton was thankful to the league as a whole for providing the platform for teams to succeed and players to advance to higher levels.

“Playing in the USPHL was huge for my development and exposure. The showcases were awesome for getting in front of coaches and showing them what you could do,” he added. “It gave me the chance to play against the best of the best in the country, which helped my game grow a lot.”

With a midsummer commitment, he’s going to be ramping up his training even more to be ready to be the best player he can be for the Pilgrims from the time of his arrival at the Henniker, N.H., campus of New England College.

“This off-season, I’m really focused on gaining more explosive power in my movements around the crease and holding my edges,” said Singleton. “I’m also working on controlling my depth. I believe these are the things that will help me thrive and make an impact right away at the NCAA level.”

The USPHL congratulates Braxton Singleton, his family, the Red Bank Generals and New England College for his commitment.

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