DraftKings Inc. (DKNG)
DraftKings Inc. operates in the Gambling, Resorts & Casinos industry of the Consumer Cyclical sector, headquartered in Boston, MA, US. The stock last traded at $22.15, up 1.85% on the session, giving a market capitalisation of $10.99B. On trailing twelve-month figures it carries a trailing P/E of -65.78, a net margin of -2.7%. Its beta of 1.63 implies it has historically moved more than the broad market.
DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.
DraftKings Inc. is most often compared with the following Consumer Cyclical names: