# DraftKings lowers earnings outlook as prediction market spending rises

_Published Friday, November 6, 2026 at 10:19 AM EST · Products · Latest · Tier 2 — Notable_

![DraftKings cuts 2026 earnings forecast by up to $625 million as quarterly losses nearly double | Yogonet International — Primary](https://imagenesyogonet.b-cdn.net/data/imagenes/2024/08/14/66933/1723646376-draftkings-mobile-generica-03.jpg)

DraftKings reduced its 2026 adjusted EBITDA forecast to $175 million-$275 million from $700 million-$900 million, attributing much of the reduction to planned investment in its Predictions business, Yogonet reported. The business lets customers trade event contracts.

DraftKings plans to invest $650 million-$700 million in Predictions in 2026 and expects minimal reported revenue from it because customer promotions offset most gross revenue. The company also lowered revenue guidance to $6.35 billion-$6.55 billion from $6.5 billion-$6.9 billion. Additional iGaming investment and customer-friendly sporting results also weighed on the outlook.

## Sources

- [Yogonet](https://www.yogonet.com/international/news/2026/11/06/127212-draftkings-cuts-2026-earnings-forecast-by-up-to-625-million-as-quarterly-losses-nearly-double)

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Canonical: https://techandbusiness.org/newswire/1bFx-zUGfrGq96vHGIDinW
Published: 2026-11-06T15:19:08.926Z
Story chronology: 2026-11-06T00:00:00.000Z
Retrieved: 2026-11-06T22:56:45.143Z
Publisher: Tech & Business (techandbusiness.org)