DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

DraftKings Inc.

SBTech

It's simple, we believe life is more fun when you're in on the action. For that reason, we’re committed to responsibly creating the world’s favorite games and betting experiences.

At DraftKings, The Crown Is Yours. 

We are driven by the thrill of the future and the pull of possibility. As an original, continuous gamechanger, we’re shaping the present and future of sports entertainment and digital experiences, leading the way into new markets with new products, and providing the ultimate experience to our customers. 

Here, we believe in the power and impact that comes from innovation, collaboration, and a winning culture. We’re a strong and dedicated global team of 4,000+ teammates driven to achieve great things. From your very first day, you’ll be part of an amazing culture that welcomes your ideas, champions your growth, and values you for you. 

Ready to own what’s next?

Vivid Seats

Michael Jordan

UIT Growth Equity

ACME Capital

David Wyler

Eldridge

FirstMark

Accomplice

Revolution

Manhattan Venture Partners

Bobby Brannigan

Data Point Capital

Disruptive Ventures

Kombo Ventures

10X Capital

Here's how our teammates are owning their crown 👑

➡️ https://lnkd.in/e3AH7ahM

Today marks the first day of Women’s History Month in the United States!

This month serves as a significant reminder of the invaluable contributions women have made throughout history and continue to make in our society and workplace today. Women’s History Month is not only a time to reflect on the amazing achievements and strides made by women in various fields, but also an opportunity for us to acknowledge and appreciate the diverse perspectives, talents and leadership that women bring to our team here at DraftKings.

Amanda works on our Compliance team and shared with us why she is excited for Women’s History Month. She has already made a big impact here at DraftKings as one of our Business Resource Group Co-Leads for 2024 🎉👑


Баба Марта бързала, мартеници вързала!

Celebrating the holiday together in our offices in Bulgaria where it feels like spring already 🌷

"When I get together with my co-founders, we always say, ‘We haven’t achieved everything; we’ve got more to prove.’ And that’s a huge driver for me.”

Our Co-Founder and President of Global Technology and Product, Paul Liberman, recently sat down with Scott Whitney of the WPI Journal where he talked about his early career, his time at his alma matter, and DraftKings' success.

Read more: https://lnkd.in/ee-twpYY 


	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	191.84M -	226.28M 17.95%	323.41M 42.93%	614.53M 90.02%	1.30B 110.90%	2.24B 72.87%	3.67B 63.60%
cost of revenue	31.75M -	48.69M 53.35%	103.89M 113.37%	346.59M 233.61%	794.16M 129.14%	1.48B 86.90%	2.29B 54.43%
gross profit	160.09M -	177.59M 10.93%	219.52M 23.61%	267.94M 22.06%	501.86M 87.30%	756.19M 50.68%	1.37B 81.60%
selling and marketing expenses	156.63M -	145.58M 7.06%	185.27M 27.26%	495.19M 167.28%	981.50M 98.21%	1.19B 20.83%	1.20B 1.24%
general and administrative expenses	56.45M -	75.90M 34.47%	124.87M 64.51%	447.37M 258.28%	828.33M 85.15%	763.72M 7.80%	606.57M 20.58%
selling general and administrative expenses	213.08M -	221.48M 3.94%	310.14M 40.03%	942.57M 203.92%	1.81B 92.01%	1.95B 7.73%	1.77B 9.23%
research and development expenses	20.21M -	32.88M 62.70%	55.93M 70.07%	168.63M 201.51%	253.66M 50.42%	318.25M 25.46%	355.16M 11.60%
other expenses	-607K -				11.95M -	20.70M 73.21%	-224K 101.08%
cost and expenses	265.04M -	303.06M 14.34%	469.95M 55.07%	1.46B 210.20%	2.86B 96.03%	3.75B 31.30%	4.42B 17.72%
operating expenses	233.29M -	254.37M 9.03%	366.07M 43.91%	1.11B 203.55%	2.06B 85.70%	2.27B 9.91%	2.12B 6.31%
interest expense				-1.07M -	1.96M 282.90%	18.70M 855.65%	2.68M 85.68%
ebitda	-66.90M -	-69.28M 3.57%	-132.91M 91.84%	-765.85M 476.22%	-1.47B 92.02%	-1.37B 6.71%	-549.75M 59.93%
operating income	-73.20M -	-76.78M 4.89%	-146.54M 90.86%	-843.26M 475.42%	-1.56B 85.19%	-1.51B 3.19%	-751.66M 50.28%
depreciation and amortization	6.30M -	7.50M 19.01%	13.64M 81.84%	77.41M 467.69%	91.07M 17.65%	139.86M 53.56%	201.92M 44.38%
total other income expenses net	-607K -	666K 209.72%	4.35M 552.85%	-1.07M 124.61%	43.97M 4,209.63%	68.80M 56.46%	-39.59M 157.54%
income before tax	-75.35M -	-76.11M 1.02%	-142.20M 86.82%	-844.33M 493.77%	-1.52B 79.75%	-1.44B 4.92%	-791.25M 45.16%
income tax expense	210K -	105K 50%	58K 44.76%	-622K 1,172.41%	8.27M 1,429.42%	-67.87M 920.73%	10.17M 114.99%
net income	-75.56M -	-76.22M 0.88%	-142.25M 86.64%	-843.70M 493.09%	-1.53B 80.86%	-1.38B 9.88%	-802.14M 41.67%
weighted average shs out	184.60M -	184.60M 0%	184.60M 0%	305.59M 65.54%	402.49M 31.71%	436.51M 8.45%	462.60M 5.98%
weighted average shs out dil	184.60M -	184.60M 0%	184.60M 0%	305.59M 65.54%	402.49M 31.71%	436.51M 8.45%	462.60M 5.98%
eps	-0.41 -	-0.41 0%	-0.77 87.80%	-2.76 258.44%	-3.79 37.32%	-3.15 16.89%	-1.73 45.08%
epsdiluted	-0.41 -	-0.41 0%	-0.77 87.80%	-2.76 258.44%	-3.79 37.32%	-3.15 16.89%	-1.73 45.08%

COM:DRAFTKINGS

DraftKings Inc.

Last Close

43.80

21/11 21:00

Market Cap

17.76B

Beta: -

Volume Today

6.10M

Avg: -

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