DraftKings Inc. (DKNG)
| Market Cap | 19.80B |
| Revenue (ttm) | 1.06B |
| Net Income (ttm) | -1.65B |
| Shares Out | 793.99M |
| EPS (ttm) | -3.34 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,282,234 |
| Open | 49.20 |
| Previous Close | 49.09 |
| Day's Range | 48.76 - 49.91 |
| 52-Week Range | 34.90 - 74.38 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 70.02 (+43.1%) |
| Est. Earnings Date | Nov 5, 2021 |
About DKNG
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites...
Financial Performance
In 2020, DraftKings's revenue was $614.53 million, an increase of 90.02% compared to the previous year's $323.41 million. Losses were -$844.27 million, 491.5% more than in 2019.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for DraftKings stock is "Buy." The 12-month stock price forecast is 70.02, which is an increase of 43.13% from the latest price.
News
Drive by DraftKings Launches $60 Million Venture Fund to Invest in Sports Tech and Entertainment
BOSTON, Oct. 21, 2021 /PRNewswire/ -- Drive by DraftKings, the multi-stage venture capital firm investing in sports tech and entertainment companies, has today announced that it has raised its first ven...
Analyst Raises TAM For Online Sports Betting, Highlights A Few Big Winners
September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An an...
DraftKings Will Only Go Higher Once It Buys Golden Nugget Online Gaming
DraftKings' deal to buy GNOG could push the value of DKNG stock even higher than the previous estimate of $80.93 per share. The post DraftKings Will Only Go Higher Once It Buys Golden Nugget Online Gami...
DraftKings Statement Regarding Entain
BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ: DKNG) notes the announcement made by Entain earlier today relating to the extension of the deadline, under Rule 2.6 of the City Code on Take...
DraftKings gets one more month to decide on formal offer for Britain's Entain
Ladbrokes owner Entain said on Tuesday rival DraftKings has until Nov. 16 to make a formal offer to take over the British sports betting and gambling firm, following a $22.4 billion proposal from the U....
DraftKings Launches Online Sports Betting In Connecticut
DraftKings Inc (NASDAQ: DKNG), The Mashantucket Pequot Tribal Nation, and Foxwoods Resort Casino launch online and mobile sports betting and online casino in Connecticut. The first wager accepted was $2...
Foxwoods and DraftKings Launch Online Sports Betting and iGaming in Connecticut
BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- The Mashantucket Pequot Tribal Nation, Foxwoods Resort Casino and DraftKings Inc. (Nasdaq: DKNG) today announced that online and mobile sports betting and onlin...
DraftKings (DKNG) Outpaces Stock Market Gains: What You Should Know
DraftKings (DKNG) closed the most recent trading day at $48.65, moving +1.19% from the previous trading session.
DraftKings Teams With Ethereum-Based Platform on NFT Drops
The digital sports gaming company DraftKings is working with the Ethereum-based scaling platform Polygon to support custom NFT drops on the DraftKings marketplace. As Seeking Alpha reported on Monday (O...
NH Lottery and DraftKings Expand Retail Sports Betting in NH with New Dover Sportsbook
Manchester-based DraftKings Sportsbook at Filotimo opening sister location in Dover; new sportsbook to be third retail sportsbook in NH Manchester-based DraftKings Sportsbook at Filotimo opening sister ...
DraftKings NFTs Partnership Puts Polygon Crypto, DKNG Stock in Focus
The DraftKings NFTs partnership with Polygon is a big deal, as it will help the company continue to grow its booming token marketplace. The post DraftKings NFTs Partnership Puts Polygon Crypto, DKNG Sto...
DraftKings Enters Blockchain Agreement With Polygon
DraftKings Inc's (NASDAQ: DKNG) digital collectibles ecosystem, DraftKings Marketplace, is partnering with Polygon, an Ethereum-based scaling platform, to support custom NFT drops along with secondary-m...
Polygon and DraftKings Enter Into a Strategic Blockchain Agreement
DraftKings Able to Become a Validator on the Polygon Network DraftKings Able to Become a Validator on the Polygon Network
Michigan September Online Sports Betting Heats Up, DraftKings Passes $100M: Do Profits Matter?
The state of Michigan stayed hot in September and continued its trend of being one of the largest online sports betting markets in the country. What Happened: The state's online sports betting handle hi...
DraftKings to Release Third Quarter 2021 Results November 5
BOSTON, Oct. 15, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company”, “DraftKings”) today announced that it will release its third quarter 2021 results prior to 8:30AM EDT on November...
Vivid Seats Adds DraftKings As Investor: Here's The Details
A leading ticketing marketplace has added a big investor on its path to becoming public. What Happened: Vivid Seats, which is going public with Horizon Acquisition Corp (NYSE: HZAC), announced that Draf...
Is MGM Resorts the Big Winner If DraftKings Buys Entain?
The BetMGM sports betting and online gaming platform could be a point of contention.
7 Hypergrowth Stocks That Will Continue to Rally This Fall
Here are seven top hypergrowth stocks all long-term investors should consider as volatility once again picks up in the market. The post 7 Hypergrowth Stocks That Will Continue to Rally This Fall appeare...
4 Stocks I'm Watching This Week as Potential Buys
Can growth in the sports betting market push this company's stock price to new highs?
DraftKings Lands Deal With NHL: What Investors Should Know
Fresh off the start of the 2021-2022 National Hockey League season, the league announced a new official sports betting partner. What Happened: DraftKings Inc (NASDAQ: DKNG) was announced as an official ...
This Is Why DraftKings and Sofi Were on Fire on Monday
Analyst price targets are the reason, but how much more room is there for growth?
DraftKings (DKNG) Gains As Market Dips: What You Should Know
DraftKings (DKNG) closed at $48.94 in the latest trading session, marking a +0.12% move from the prior day.
Best bets in gaming, a prescription for gains and navigating the chip wreck
In a special head-to-head edition of Rapid Fire: best bets in the gaming space, Evercore replaces Netflix with Facebook as a top pick and why Citi is bullish on some chips but not others. For access to ...
DKNG Stock Is Getting a Huge Crypto Catalyst Thanks to Rob Gronkowski
DKNG stock is building on its fundamentals with a carefully coordinated foray into NFTs. The company is releasing rare new tokens this week.