OverviewSuggest Edit

DraftKings is a digital sports entertainment and gaming company. It focuses on daily fantasy, regulated gaming, and digital media products. The company also is a multi-channel provider of sports betting and gaming technologies.
TypePublic
Founded2012
HQBoston, MA, US
Websitedraftkings.com
Employee Ratings4.4
Overall CultureA

Latest Updates

Employees (est.) (May 2022)3,400(+31%)
Job Openings279
Revenue (FY, 2020)$614.5 M(+91%)
Share Price (May 2022)$11.4(+11%)
Cybersecurity ratingCMore
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Key People/Management at DraftKings

Jason Robins

Jason Robins

Chief Executive Officer, Co-Founder
Matt Kalish

Matt Kalish

President, North America, Co-Founder
Paul Liberman

Paul Liberman

President, Global Technology and Product, Co-Founder
R. Stanton Dodge

R. Stanton Dodge

Chief Legal Officer
Jason Park

Jason Park

Chief Finance Officer
Graham Walters

Graham Walters

Chief People Officer
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DraftKings Office Locations

DraftKings has offices in Boston, Hoboken, Las Vegas, New York and in 6 other locations
Boston, MA, US (HQ)
222 Berkeley St
Hoboken, NJ, US
111 River St 12th Floor
Las Vegas, NV, US
6543 S Las Vegas Blvd #2nd
New York, NY, US
11 Park Pl
Plovdiv, BG
бул. „Христо Ботев“ 49
Sofia, BG
Bulevard Tsarigradsko shose 115k, ETC Complex Building B,
Show all (10)

DraftKings Financials and Metrics

DraftKings Revenue

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View revenue for all periods
DraftKings's revenue was reported to be $614.53 m in FY, 2020 which is a 90% increase from the previous period.
USD

Revenue (Q3, 2021)

212.8m

Gross profit (Q3, 2021)

42.1m

Gross profit margin (Q3, 2021), %

19.8%

Net income (Q3, 2021)

(545.0m)

EBIT (Q3, 2021)

(546.5m)

Market capitalization (12-May-2022)

4.6b

Closing stock price (12-May-2022)

11.4

Cash (30-Sept-2021)

2.4b

EV

3.6b
DraftKings's current market capitalization is $4.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

226.3m323.4m614.5m

Revenue growth, %

43%90%

Cost of goods sold

48.7m103.9m346.6m

Gross profit

177.6m219.5m267.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

57.4m67.0m88.5m70.9m132.8m312.3m297.6m212.8m

Cost of goods sold

17.8m25.3m43.4m47.3m96.6m183.2m187.0m170.7m

Gross profit

39.6m41.7m45.1m23.6m36.3m129.1m110.6m42.1m

Gross profit Margin, %

69%62%51%33%27%41%37%20%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

117.9m76.5m1.8b

Accounts Receivable

21.3m19.8m44.5m

Prepaid Expenses

11.2m20.8m14.6m

Current Assets

262.2m261.1m2.2b
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.1m870.9k157.8k1.2b1.1b2.8b2.6b2.4b

Accounts Receivable

35.1m46.1m48.4m46.3m45.1m

Prepaid Expenses

327.7k280.6k93.3k24.7m12.3m15.2m25.0m34.8m

Current Assets

1.5m1.2m251.1k1.5b1.5b3.2b3.1b3.0b
Annual
USDFY, 2019FY, 2020

Net Income

2.3m(844.3m)

Depreciation and Amortization

77.4m

Accounts Payable

1.3m103.6m

Cash From Operating Activities

(1.9m)(337.9m)
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

796.7k2.3m479.4k(230.1m)(577.9m)(346.3m)(651.9m)(1.2b)

Depreciation and Amortization

23.4m50.0m28.2m58.2m88.6m

Accounts Payable

518.3k246.1k2.2k11.7m112.3m71.4m73.3m194.7m

Cash From Operating Activities

175.8k(1.1m)(736.9k)(135.0m)(241.3m)(77.8m)(176.4m)(247.3m)
USDFY, 2018

Revenue/Employee

442.7k

Financial Leverage

3.9 x
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DraftKings Acquisitions / Subsidiaries

Company NameDateDeal Size
Golden Nugget Online GamingAugust 09, 2021$1.6 b
Blueribbon softwareApril 05, 2021
Vegas Stats & Information NetworkMarch 30, 2021
SBTechDecember 23, 2019
FAMJune 01, 2018
Kountermove IncFebruary 11, 2016
StarStreetAugust 25, 2014
DraftstreetJuly 15, 2014
Crown AZ Gaming LLC
Crown CO Gaming LLC
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DraftKings Revenue Breakdown

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DraftKings revenue breakdown by business segment: 84.2% from Online Gaming Revenue, 12.3% from Gaming Software Revenue and 3.5% from Other

DraftKings revenue breakdown by geographic segment: 88.6% from United States and 11.4% from International Revenue

Human Capital Metrics

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DraftKings Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

DraftKings Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

DraftKings Online and Social Media Presence

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DraftKings Company Culture

  • Overall Culture

    A

    80/100

  • CEO Rating

    A+

    82/100

  • Compensation

    B

    77/100

  • Diversity

    A+

    87/100

Learn more on Comparably

DraftKings News and Updates

The Margin: DraftKings CEO: Golden Nugget purchase could provide ‘meaningful revenue uplift’

DraftKings completed its acquisition of Golden Nugget Online Gaming for $1.56 billion.

Thinking about buying stock in Draftkings, ChemoCentryx, Opendoor Technologies, 1life Healthcare, or Enservco Corp?

NEW YORK, May 6, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, CCXI, OPEN, ONEM, and ENSV. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

DraftKings Reports First Quarter Revenue of $417 Million; First Quarter B2C Segment Revenue Increases 44% YOY and Company-Wide Adjusted EBITDA Exceeds Midpoint of Guidance by More Than 12%

Raises 2022 guidance for both revenue and Adjusted EBITDA based on continued strong customer behavior and optimization of cost structure Raises 2022 guidance for both revenue and Adjusted EBITDA based on continued strong customer behavior and optimization of cost structure

DraftKings Completes Acquisition of Golden Nugget Online Gaming

BOSTON, May 05, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the completion of its acquisition of Golden Nugget Online Gaming, Inc. (“Golden Nugget Online Gaming” or “GNOG”) (the “GNOG Acquisition”).

Vladimir Guerrero Jr., Ronald Acuña Jr. and Fernando Tatís Jr. Among the Latest Athletes to Introduce NFTs on DraftKings Marketplace

Metabilia Becomes DraftKings’ Newest Digital Collectibles Provider Metabilia Becomes DraftKings’ Newest Digital Collectibles Provider
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DraftKings Frequently Asked Questions

  • When was DraftKings founded?

    DraftKings was founded in 2012.

  • Who are DraftKings key executives?

    DraftKings's key executives are Jason Robins, Matt Kalish and Paul Liberman.

  • How many employees does DraftKings have?

    DraftKings has 3,400 employees.

  • What is DraftKings revenue?

    Latest DraftKings annual revenue is $614.5 m.

  • What is DraftKings revenue per employee?

    Latest DraftKings revenue per employee is $180.7 k.

  • Who are DraftKings competitors?

    Competitors of DraftKings include Generation Esports, Collectors and Raging River.

  • Where is DraftKings headquarters?

    DraftKings headquarters is located at 222 Berkeley St, Boston.

  • Where are DraftKings offices?

    DraftKings has offices in Boston, Hoboken, Las Vegas, New York and in 6 other locations.

  • How many offices does DraftKings have?

    DraftKings has 10 offices.