DraftKings Inc

IK1

Company Profile

  • Business description

    DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. DraftKings is now live with online or retail sports betting in 28 states and i-gaming in 5 states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company plans to launch a predictive event platform in late 2025 and also operates a non-fungible token commission-based marketplace and develops and licenses online gaming products.

  • Contact

    222 Berkeley Street
    5th Floor
    BostonMA02116
    USA

    T: +1 617 986-6744

    https://www.draftkings.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Gambling

    Fiscal Year End

    31 December 2026

    Employees

    5,500

Stocks News & Analysis

stocks

Earnings losers: TWE, GMG, SUN and more fall on weaker profits

Where companies fell short of market expectations in the third week of earnings.
stocks

Overvalued ASX listed gold miner reports lower profit

Shares remain materially overvalued.
stocks

ASX healthcare leader still undervalued after rally

Our view following announcement of potential spinoff.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries9,251.5083.10-0.89%
CAC 408,497.1798.391.17%
DAX 4024,991.97268.72-1.06%
Dow JONES (US)48,820.96805.01-1.62%
FTSE 10010,707.4920.600.19%
HKSE27,081.91668.562.53%
NASDAQ22,613.70272.37-1.19%
Nikkei 22556,825.70642.13-1.12%
NZX 50 Index13,420.43111.910.84%
S&P 5006,833.4576.06-1.10%
S&P/ASX 2009,026.0084.10-0.92%
SSE Composite Index4,082.0751.95-1.26%

Market Movers