Summary
DraftKings (DKNG) Laps the Stock Market: Here's Why
In the latest trading session, DraftKings (DKNG) closed at $42.8, marking a +1.09% move from the previous day.
How Strong is DraftKings' Path to Free Cash Flow in 2025?
DKNG eyes $750M in 2025 free cash flow as sportsbook strength and margin expansion drive profitability gains.
US Sportsbook Leaders Flutter And DraftKings Post Double-Digit Growth Guidance
Flutter and DraftKings dominate the US sports betting and iGaming markets, holding a combined 66.1% market share and benefiting from economies of scale. The US sports betting market is still far from maturity, with legislative momentum and tax incentives driving further legalization and expansion opportunities. Both companies are well-positioned for growth: DraftKings offers higher upside as it nears profitability, while Flutter boasts a stable international base and superior hold rates.
DraftKings Inc. Profile
| Gambling, Resorts & Casinos Industry | Consumer Cyclical Sector | Jason D. Robins CEO | LSE Exchange | US26142V1052 ISIN |
| US Country | 5,100 Employees | - Last Dividend | - Last Split | 24 Apr 2020 IPO Date |
Overview
DraftKings Inc. stands out as a pioneer in the digital sports entertainment and gaming industry, with a broad footprint across the United States and international markets. At its core, DraftKings is renowned for revolutionizing the sports betting and gaming sphere through its wide array of consumer products, including online sports betting and casino operations, daily fantasy sports, and innovative media offerings. The company has also made significant strides in retail sports betting, augmenting its digital prowess with physical sportsbook locations. Based in Boston, Massachusetts, DraftKings continues to lead and shape the landscape of digital sports gaming by developing cutting-edge software for sports betting and casino gaming, tailored for both online platforms and brick-and-mortar retail sportsbooks. With a commitment to expanding the boundaries of sports entertainment and gaming, DraftKings has also ventured into the digital collectibles market, introducing the DraftKings Marketplace. This platform serves as a conduit for the sale and trade of curated non-fungible tokens (NFTs), making digital collectibles more accessible to the mainstream audience.
Products and Services
- Online Sports Betting and Casino
- Daily Fantasy Sports
- Media
- Retails Sportsbooks
- Sports Betting and Casino Gaming Software
- DraftKings Marketplace
DraftKings delivers an immersive experience in sports betting and casino gaming, allowing users to engage in these activities online with ease and convenience. This platform caters to a wide array of betting preferences, covering numerous sports and casino games, and is designed to meet the needs of gamblers of all levels.
A pioneer in the daily fantasy sports arena, DraftKings offers enthusiasts the chance to build fantasy sports teams and compete in various contests based on player performances in real-world sports. This service combines the excitement of sports betting with the strategy of fantasy sports management.
To enhance the sports betting and gaming experience, DraftKings provides a range of media content related to sports betting and fantasy sports. This includes insights, tips, news, and analyses to keep users informed and engaged.
Beyond its digital offerings, DraftKings expands its reach through retail sportsbooks, offering a physical venue for sports fans to place bets, watch games, and enjoy a communal atmosphere with other enthusiasts.
DraftKings takes pride in the design and development of sophisticated software solutions for sports betting and casino gaming. Tailored for both online and retail implementations, this software caters to the operational needs of sportsbooks and iGaming operators, ensuring seamless and efficient gaming experiences.
The DraftKings Marketplace marks the company's foray into the digital collectibles sphere, offering an ecosystem for the trading and collecting of NFTs. This platform features curated NFT drops and supports secondary-market transactions, making it easier for collectors and enthusiasts to access digital collectibles.
Contact Information
