DraftKings
Operates an integrated sportsbook, online casino, fantasy sports, lottery, and event-contract platform.
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Profile
Operates online and retail Sportsbook and iGaming, which generate most revenue, alongside daily fantasy sports, lottery courier, and event-contract products. A vertically integrated technology stack supports the business, while gaming licenses, state rules, consumer protections, and responsible-gaming obligations determine how and where products operate.
Runs a vertically integrated real-money gaming platform centered on online and retail Sportsbook and iGaming. The same ecosystem includes daily fantasy contests, with the underlying betting technology housed inside the group.
Jackpocket adds digital lottery courier services, while DraftKings Predictions introduces federally regulated event-contract trading. Sportsbook and iGaming generate most revenue, and product availability varies by regulated jurisdiction.
A shared technology stack supports product design, pricing, customer acquisition, and in-play betting markets. Gaming licenses, state tax rules, responsible-gaming requirements, and consumer protections shape where products can operate. Event contracts also depend on an unsettled boundary between federal commodities oversight and state gaming authority.
Company facts
Categories
Key statistics
Year to date −29.2% · Average volume (30d) 12.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | William Blair | Initiate | Outperform | ||
| Aug 21, 2026 | CBRE | Reiterate | Buy | $54 | $27 |
| Aug 10, 2026 | Truist Financial | Target | $33 | $29 | |
| Aug 10, 2026 | Northland Securities | Target | $27 | $28 | |
| Aug 10, 2026 | Guggenheim | Reiterate | Buy | $35 | $33 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.02 | −$0.14 | −741.6% | $1.51B | $1.44B | −4.5% | +8.39% |
| May 7, 2026Q1 FY26 | $0.07 | $0.04 | −38.3% | $1.63B | $1.65B | +0.9% | +1.19% |
| Feb 12, 2026Q4 FY25 | $0.26 | $0.25 | −2.0% | $1.99B | $1.99B | 0.0% | −13.51% |
| Nov 6, 2025Q3 FY25 | −$0.43 | −$0.26 | +39.7% | $1.20B | $1.14B | −5.0% | +8.65% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.51B | $1.14B | $1.99B | $1.65B | $1.44B | |
| Gross profit | $565.0M | $657.9M | $359.9M | $914.7M | $696.7M | $551.5M | |
| Operating income | −$46.3M | $150.6M | −$271.9M | $151.8M | $5.8M | −$68.2M | |
| Net income | −$33.9M | $157.9M | −$256.8M | $136.4M | $21.1M | −$67.6M | |
| Diluted EPS | −$0.07 | $0.30 | −$0.48 | $0.26 | $0.04 | −$0.14 | |
| Gross margin | 40.1% | 43.5% | 31.5% | 46.0% | 42.3% | 38.2% | |
| Operating margin | -3.3% | 10.0% | -23.8% | 7.6% | 0.4% | -4.7% |
Fiscal years (4-quarter sums)FY21 $1.30B · FY22 $2.24B · FY23 $3.67B · FY24 $4.77B · FY25 $6.05B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $983.9M · Total debt $1.92B · Total assets $4.28B · Shareholders' equity $569.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 496.13M · Float 476.53M · 96.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| CIBC Bancorp USA Inc. | 37.32M | 7.52% | 13F | Aug 13, 2026 |
| Canadian Imperial Bank of Commerce /Can/ | 36.40M | 7.30% | 13G | Aug 13, 2026 |
| AQR Capital Management, LLC | 29.67M | 5.98% | 13G | Aug 13, 2026 |
| Dart Kenneth Bryan | 28.58M | 5.80% | 13G | Aug 14, 2026 |
| Janus Henderson Group PLC | 25.31M | 5.10% | 13G | Feb 17, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Jocelyn Moore | director | −10,759 | $24.05 |
| Jun 11, 2026 | R. Stanton Dodge | officer: Chief Legal Officer | −62,500 | $29.68 |
| May 20, 2026 | Erik Bradbury | officer: Chief Accounting Officer | −862 | $25.33 |
| May 18, 2026 | Woodrow Levin | director | −34,234 | $25.71 |
| Mar 13, 2026 | Jocelyn Moore | director | −2,150 | $25.60 |
Peers
- Flutter Entertainment
Broad rivalry across U.S. sportsbook, iGaming, DFS and predictions
- MGM Resorts International
BetMGM contests online sportsbook and iGaming customers across North America
- Caesars Entertainment
Caesars Digital contests sportsbook and online-casino customers
- PENN® Entertainment
theScore Bet and Hollywood iCasino overlap in U.S. digital wagering
- Rush Street Interactive
BetRivers overlaps in regulated U.S. online casino and sportsbook
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DraftKings | $25.27 | +0.09% | $12.53B | — | 43.1 | 2.0 | −4.6% |
| Flutter Entertainment | $101.53 | −0.24% | $17.66B | — | 16.4 | 1.0 | +3.3% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| PENN® Entertainment | $17.36 | +0.03% | $2.32B | — | 11.9 | 0.3 | +5.2% |
| Rush Street Interactive | $26.41 | 0.00% | $6.54B | 90.2 | 35.0 | 4.8 | +46.3% |
| Median | 57.9 | 21.0 | 0.6 | +3.3% |