sports betting

DraftKings (DKNG) reported Q1 2026 results with revenue of $1.6 billion, up 17% year-over-year, and adjusted EBITDA of $168 million, up 64%. Sportsbook revenue rose 24% to $1.1 billion with net revenue margin up 140 basis points to 7.8%. Parlay handle mix grew nearly 300 basis points. Adjusted gross margins increased nearly 200 basis points. The company repurchased nearly $100 million in stock and achieved positive net income for the second straight quarter.

The Kentucky Wildcats look to rebound from a big loss when they battle the 15th-ranked Arkansas Razorbacks on Saturday night. Kentucky is coming off an 80-55 loss at Vanderbilt on Tuesday, while Arkansas downed Oklahoma 83-79 that same night. The Wildcats (14-7, 5-3 SEC), who are tied for fourth in the conference, are 2-3 on the road this season. The Razorbacks (18-3, 6-2 SEC), who are tied for second in the league, are 13-0 on their home floor.