DraftKings (DKNG)
Operates an integrated sportsbook, online casino, fantasy sports, lottery, and event-contract platform.
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DraftKings is mainly a place for people to bet on sports, with online casino games supplying almost all the rest. Fantasy contests and lottery delivery are small side businesses. The next act is prediction markets, a young and costly push whose legal boundaries are still being fought over; for now, the established betting engines fund it.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
5 in detail · 11 more below
DraftKings Sportsbook
The main engine produced $3.827 billion in FY2025. Watch how much DraftKings keeps after paying winners: Q2 2026 revenue fell 10.6% even as customers staked more.
Competes with FanDuel Sportsbook (Flutter Entertainment) · BetMGM Sportsbook (BetMGM)
In plain English
DraftKings posts odds on games before they start and while they are being played. A customer puts down money; winners are paid, and DraftKings keeps what is left across all settled bets.
It is like a busy ticket window where most cash passes back out. What ultimately remains depends on which teams win, how well DraftKings set the odds, taxes, and payments to leagues and data suppliers. ESPN and NBCUniversal send sports audiences toward the app, while local licenses decide where the window can open.
DraftKings Predictions
A new marketplace for contracts tied to real-world events. By late July 2026, activity had grown fast from a small base, but revenue remained undisclosed and state challenges could restrict sports-related contracts.
Competes with Kalshi (KalshiEX) · Polymarket U.S. (Polymarket)
In plain English
A customer buys and sells contracts whose value depends on what happens in a real-world event. Buyers need sellers on the other side, so the marketplace only works when enough orders meet.
DraftKings can earn fees as contracts change hands, including one cent per contract. It also launched DKeX, its own exchange, and brought more order handling inside. Putting up its own buy and sell offers can help trades happen, but federal oversight and state legal challenges still decide which contracts it may offer and where.
iGaming
Online casino games are the second engine, growing 19.7% in FY2025. Watch how much play moves to DraftKings-made games, which keep more of each player's losses than outside games.
Competes with FanDuel Casino (Flutter Entertainment) · BetMGM Casino (BetMGM)
In plain English
Online casino play turns repeated wagers into revenue: players win some rounds, lose others, and across many rounds a portion stays with DraftKings. That makes this a steadier companion to sports, where a few surprising game results can swing a quarter.
Some games belong to DraftKings; others come from suppliers such as IGT and Evolution. An outside supplier takes a share when its game is played, while a DraftKings-made game leaves more behind. The common account and wallet also let sportsbook customers move into casino play, but local law keeps the service confined to far fewer places.
Daily Fantasy Sports
Players pay to enter short contests built around real athletes, and DraftKings keeps part of the pool after prizes. Its revenue is not disclosed alone; Pick6 is the newer format to watch.
Competes with FanDuel Fantasy (Flutter Entertainment) · PrizePicks Arena (PrizePicks)
In plain English
In salary-cap contests, each person builds a pretend team under a spending limit. In Pick6, players choose whether athletes will finish above or below selected marks. Real game results settle both kinds of contest.
Everyone pays an entry fee, winners receive the prizes, and DraftKings keeps a slice for running the game. Timely sports data makes scoring possible, while enough entrants are needed to create worthwhile prize pools. A shared account and links from ESPN help bring sports fans in, but local rules for games of skill determine where each format is allowed.
Jackpocket
Jackpocket orders official lottery tickets for users without owing the jackpot. DraftKings paid $773.1 million for it; demand still rises and falls with jackpot excitement and state courier rules.
Competes with Lotto.com (Lotto.com) · Jackpot.com (Jackpot.com)
In plain English
Jackpocket is closer to a delivery app than a casino. A customer orders an official lottery ticket, and the service handles the purchase through lotteries and retailers rather than creating a new game.
DraftKings earns courier fees and commissions from state lotteries; the lottery, not Jackpocket, owes the prize if a ticket wins. A giant jackpot can bring more buyers to the door, while state-by-state courier rules decide whether that door can open. The shared DraftKings app and rewards system can introduce existing bettors to the service.
DraftKings SportsbookThe main engine produced $3.827 billion in FY2025. Watch how much DraftKings keeps after paying winners: Q2 2026 revenue fell 10.6% even as customers staked more.The main engine produced $3.827 billion in FY2025. Watch how much DraftKings keeps after paying winners: Q2 2026 revenue fell 10.6% even as customers staked more.
In plain English
DraftKings posts odds on games before they start and while they are being played. A customer puts down money; winners are paid, and DraftKings keeps what is left across all settled bets.
It is like a busy ticket window where most cash passes back out. What ultimately remains depends on which teams win, how well DraftKings set the odds, taxes, and payments to leagues and data suppliers. ESPN and NBCUniversal send sports audiences toward the app, while local licenses decide where the window can open.
Competes with FanDuel Sportsbook (Flutter Entertainment) · BetMGM Sportsbook (BetMGM)
DraftKings PredictionsA new marketplace for contracts tied to real-world events. By late July 2026, activity had grown fast from a small base, but revenue remained undisclosed and state challenges could restrict sports-related contracts.A new marketplace for contracts tied to real-world events. By late July 2026, activity had grown fast from a small base, but revenue remained undisclosed and state challenges could restrict sports-related contracts.
In plain English
A customer buys and sells contracts whose value depends on what happens in a real-world event. Buyers need sellers on the other side, so the marketplace only works when enough orders meet.
DraftKings can earn fees as contracts change hands, including one cent per contract. It also launched DKeX, its own exchange, and brought more order handling inside. Putting up its own buy and sell offers can help trades happen, but federal oversight and state legal challenges still decide which contracts it may offer and where.
Competes with Kalshi (KalshiEX) · Polymarket U.S. (Polymarket)
iGamingOnline casino games are the second engine, growing 19.7% in FY2025. Watch how much play moves to DraftKings-made games, which keep more of each player's losses than outside games.Online casino games are the second engine, growing 19.7% in FY2025. Watch how much play moves to DraftKings-made games, which keep more of each player's losses than outside games.
In plain English
Online casino play turns repeated wagers into revenue: players win some rounds, lose others, and across many rounds a portion stays with DraftKings. That makes this a steadier companion to sports, where a few surprising game results can swing a quarter.
Some games belong to DraftKings; others come from suppliers such as IGT and Evolution. An outside supplier takes a share when its game is played, while a DraftKings-made game leaves more behind. The common account and wallet also let sportsbook customers move into casino play, but local law keeps the service confined to far fewer places.
Competes with FanDuel Casino (Flutter Entertainment) · BetMGM Casino (BetMGM)
Daily Fantasy SportsPlayers pay to enter short contests built around real athletes, and DraftKings keeps part of the pool after prizes. Its revenue is not disclosed alone; Pick6 is the newer format to watch.Players pay to enter short contests built around real athletes, and DraftKings keeps part of the pool after prizes. Its revenue is not disclosed alone; Pick6 is the newer format to watch.
In plain English
In salary-cap contests, each person builds a pretend team under a spending limit. In Pick6, players choose whether athletes will finish above or below selected marks. Real game results settle both kinds of contest.
Everyone pays an entry fee, winners receive the prizes, and DraftKings keeps a slice for running the game. Timely sports data makes scoring possible, while enough entrants are needed to create worthwhile prize pools. A shared account and links from ESPN help bring sports fans in, but local rules for games of skill determine where each format is allowed.
Competes with FanDuel Fantasy (Flutter Entertainment) · PrizePicks Arena (PrizePicks)
JackpocketJackpocket orders official lottery tickets for users without owing the jackpot. DraftKings paid $773.1 million for it; demand still rises and falls with jackpot excitement and state courier rules.Jackpocket orders official lottery tickets for users without owing the jackpot. DraftKings paid $773.1 million for it; demand still rises and falls with jackpot excitement and state courier rules.
In plain English
Jackpocket is closer to a delivery app than a casino. A customer orders an official lottery ticket, and the service handles the purchase through lotteries and retailers rather than creating a new game.
DraftKings earns courier fees and commissions from state lotteries; the lottery, not Jackpocket, owes the prize if a ticket wins. A giant jackpot can bring more buyers to the door, while state-by-state courier rules decide whether that door can open. The shared DraftKings app and rewards system can introduce existing bettors to the service.
Competes with Lotto.com (Lotto.com) · Jackpot.com (Jackpot.com)
Named in filings, launches and programs
- Golden Nugget Online GamingBrandA second online-casino brand whose revenue is counted entirely with iGaming.
- Pick6ProductA peer-to-peer fantasy contest where players choose whether athletes will finish above or below selected marks.
- DKeXPlatform · RampingDraftKings' own marketplace for event contracts, launched in June 2026 to carry part of Predictions activity.
- DraftKings Sports & CasinoPlatformThe shared account, wallet and navigation layer that began bringing betting, predictions, casino and lottery together in 2026.
- DraftKings Rewards / Crown CashEcosystemA five-tier loyalty program and shared reward currency expanded across products in August 2026.
- DraftKings RacingProductHorse-racing wagers offered alongside the main sports product; the service was formerly called DK Horse.
- DraftKings NetworkEcosystemOwned sports articles and podcasts that help attract audiences to DraftKings products.
- Live-betting technology portfolioProductAcquired Simplebet, Sports IQ Analytics and Mustard Golf capabilities now help price bets placed during games and combine choices into one bet.
- Sports-betting and casino softwareServiceDesign, development and licensing work that DraftKings does not break out financially.
- Customer-deposit interestServiceInterest earned on customer balances contributed $25.6 million in FY2025, only 0.4% of company revenue.
- DK ShopBrandA merchandise storefront whose sales are too small for DraftKings to break out.
Golden Nugget Online GamingBrand
A second online-casino brand whose revenue is counted entirely with iGaming.
Pick6Product
A peer-to-peer fantasy contest where players choose whether athletes will finish above or below selected marks.
DKeXPlatform · Ramping
DraftKings' own marketplace for event contracts, launched in June 2026 to carry part of Predictions activity.
DraftKings Sports & CasinoPlatform
The shared account, wallet and navigation layer that began bringing betting, predictions, casino and lottery together in 2026.
DraftKings Rewards / Crown CashEcosystem
A five-tier loyalty program and shared reward currency expanded across products in August 2026.
DraftKings RacingProduct
Horse-racing wagers offered alongside the main sports product; the service was formerly called DK Horse.
DraftKings NetworkEcosystem
Owned sports articles and podcasts that help attract audiences to DraftKings products.
Live-betting technology portfolioProduct
Acquired Simplebet, Sports IQ Analytics and Mustard Golf capabilities now help price bets placed during games and combine choices into one bet.
Sports-betting and casino softwareService
Design, development and licensing work that DraftKings does not break out financially.
Customer-deposit interestService
Interest earned on customer balances contributed $25.6 million in FY2025, only 0.4% of company revenue.
DK ShopBrand
A merchandise storefront whose sales are too small for DraftKings to break out.