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Draftkings Inc   (DKNG)
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    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services
 
Price: $41.7800 $-0.33 -0.784%
Day's High: $42.57 Week Perf: 0.38 %
Day's Low: $ 41.59 30 Day Perf: -4.79 %
Volume (M): 8,657 52 Wk High: $ 45.62
Volume (M$): $ 361,702 52 Wk Avg: $30.58
Open: $41.67 52 Wk Low: $17.02



 Market Capitalization (Millions $) 19,372
 Shares Outstanding (Millions) 464
 Employees 2,300
 Revenues (TTM) (Millions $) 3,665
 Net Income (TTM) (Millions $) -802
 Cash Flow (TTM) (Millions $) -155
 Capital Exp. (TTM) (Millions $) 101

Draftkings Inc
Draftkings Inc. is one of the largest and most well-known daily fantasy sports operators in the United States. It was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, and is headquartered in Boston, Massachusetts. The company went public in April 2020 after merging with special purpose acquisition company (SPAC) Diamond Eagle Acquisition Corp.

DraftKings offers a wide range of daily fantasy sports contests and games that allow customers to compete for cash prizes. These contests include traditional sports like football, basketball, baseball, and hockey, as well as lesser-known sports like golf, MMA, and esports.

DraftKings also recently expanded into the sports betting market, and now offers mobile sports betting in a growing number of US states. This has been seen as a significant growth opportunity for the company, as sports betting is becoming increasingly popular in the US.

In addition to its core daily fantasy sports and sports betting business, DraftKings has also made several strategic acquisitions in recent years aimed at expanding its product offerings and customer base. In 2019, the company acquired sports analytics company SBTech, which has helped it to develop its sportsbook platform. It also acquired Vegas Sports Information Network (VSiN), a media company that specializes in sports betting content, in 2021.

DraftKings has partnerships with a number of major sports organizations, including the National Football League (NFL), Major League Baseball (MLB), and the National Basketball Association (NBA). It has also signed endorsement deals with high-profile athletes, including Michael Jordan and Tiger Woods.

As of 2021, DraftKings employs more than 2,500 people and has a market capitalization of around $19 billion. The company has faced some legal and regulatory challenges in certain states but continues to experience strong growth and is widely viewed as one of the leaders in the rapidly evolving sports betting and daily fantasy sports industries.


   Company Address: 222 Berkeley Street Boston 2116 MA
   Company Phone Number: 986-6744   Stock Exchange / Ticker: NASDAQ DKNG
   


   

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Product Service News

DraftKings Launches My Stat Sheet: Enhancing Responsible Gaming through Personalized Insights and Statistics

Published Thu, Mar 14 2024 11:30 AM UTC

In an effort to foster responsible gaming practices, DraftKings, a renowned leader in the online sports betting and fantasy sports industry, has unveiled a groundbreaking feature called My Stat Sheet. This new tool is designed to provide customers with personalized gaming statistics and insights. With a commitment to promote transparency and empower its users, DraftKings aim...

Product Service News

DraftKings Expands Mobile Sports Betting to North Carolina, Offering a Responsible and Immersive Betting Experience

Published Thu, Mar 7 2024 7:19 PM UTC

DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11BOSTON, March 07, 2024 - DraftKings Inc. (Nasdaq: DKNG) has recently announced its plan to launch its highly-rated online sportsbook in North Carolina on March 11, 2024. This exciting development comes after DraftKings has been working diligently with stakeholders and regulators across the state to p...

Draftkings Inc

Fading Deficit at DraftKings Inc Emerges as Fourth Quarter of 2023 Earnings Season Unveils Promising Results

Breaking News: Transaction Expected to Generate $60-100 Million Adjusted EBITDA in Fiscal Year 2026 for Draftkings Inc
In a significant development in the hospitality and tourism industry, Draftkings Inc., a leading player in the sector, is poised to experience a substantial boost in its annual earnings. The company anticipates that a forthcoming transaction will drive an impressive $60 million to $100 million of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the fiscal year 2026.
Draftkings Inc., known for its online gaming and sports betting platform, has been steadily improving its financial performance. The recently announced financial results for the fourth quarter of 2023 reveal promising numbers. The company reported a decrease in loss per share from $-0.49 to $-0.09 compared to the same reporting season a year prior. Additionally, the earnings per share (EPS) improved from $-0.61 to $-0.09, indicating a positive trend.

Merger and Acquisition

Draftkings Inc. Forecasts Transaction to Boost Adjusted EBITDA to $60-100 Million in Fiscal Year 2026

Published Thu, Feb 15 2024 9:24 PM UTC

Breaking News: Transaction Expected to Generate $60-100 Million Adjusted EBITDA in Fiscal Year 2026 for Draftkings Inc
In a significant development in the hospitality and tourism industry, Draftkings Inc., a leading player in the sector, is poised to experience a substantial boost in its annual earnings. The company anticipates that a forthcoming transaction will drive a...

Product Service News

DraftKings Raises the Stakes: Unveiling New Product and Exemplary Revenue Growth

Published Wed, Dec 6 2023 4:48 PM UTC



In an era where technology dominates our daily lives, it is no surprise that the fantasy sports industry has experienced tremendous growth in recent years. Among the leading players in this industry, DraftKings Inc has consistently strived to revolutionize the way people engage in fantasy sports. With a recent launch of an enticing new product, Pick6, and a remarka...






 

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