DraftKings (DKNG)
Operates an integrated sportsbook, online casino, fantasy sports, lottery, and event-contract platform.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | UBS | Reiterate | Rating: —Target: $49 | Target: $48 |
| Sep 3, 2026 | Bernstein | Reiterate | Rating: —Target: $27 | Target: $29 |
| Sep 2, 2026 | Wolfe Research | Initiate | Rating: —Target: — | Target: $40 |
| Aug 28, 2026 | William Blair | Initiate | Rating: — | |
| Aug 21, 2026 | CBRE | Reiterate | Rating: —Target: $54 | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $983.9M · Total debt $1.92B · Total assets $4.28B · Shareholders' equity $569.4M
- Revenue
- $1.44B
- Operating income
- −$68.2M
- Net income
- −$67.6M
No dividends on record.
| Institutions | 46.21% | 410.98M shares | |
|---|---|---|---|
| 768 holders · as of Jun 30, 2026 | |||
| Insiders | 4.06% | 36.11M shares | |
| 14 holders · as of Sep 3, 2026 | |||
| Strategic holders | 2.85% | 25.31M shares | |
| 1 holder · as of Feb 17, 2026 | |||
| Other | 46.88% | 417.06M shares | |
| remainder | |||
889.47M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (889.47M in the company's Sep 22, 2026 report, 496.13M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
CIBC Bancorp USA Inc.Institution | 4.20% | 37.32M A | as of Jun 30, 2026 |
Canadian Imperial Bank of Commerce /Can/Institution | 4.09% | 36.40M | filed Aug 13, 2026 |
AQR Capital Management LLCInstitution | 3.34% | 29.67M A | as of Jun 30, 2026 |
Dart Kenneth BryanInsider | 3.21% | 28.58M | filed Aug 14, 2026 |
Janus Henderson Group PLCStrategic | 2.85% | 25.31M | filed 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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DraftKings | $23.14 | +5.33% | $10.90B | — | 29.5 | 1.8 | −4.6% |
| Flutter Entertainment | $90.98 | +4.74% | $15.07B | — | 14.6 | 0.9 | +3.3% |
| MGM Resorts International | $38.65 | −0.21% | $9.74B | 23.5 | 23.5 | 0.5 | +1.1% |
| Caesars Entertainment | $29.65 | +0.01% | $6.04B | — | — | 0.5 | +3.0% |
| PENN® Entertainment | $16.23 | +0.64% | $2.16B | — | 11.2 | 0.3 | +5.2% |
| Rush Street Interactive | $22.09 | +2.41% | $5.34B | 73.6 | 29.3 | 3.9 | +46.3% |
| Median | 48.6 | 19.1 | 0.5 | +3.3% |