D

DraftKings
D

DKNG

45.570
USD
-3.87
(-7.82%)
Market Closed
Volume
772,169
EPS
2
Div Yield
-
P/E
-43
Market Cap
22,327,304,991
OverviewSignalsIdeasNews
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News

Title: DraftKings

Sector: Consumer Cyclical
Industry: Gambling
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 in which it competes. DraftKings is now live with online or retail sports betting in about 25 states and iGaming in five 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 also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
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