| Market Capitalization (Millions $) |
11,792 |
| Shares
Outstanding (Millions) |
496 |
| Employees |
5,500 |
| Revenues (TTM) (Millions $) |
6,223 |
| Net Income (TTM) (Millions $) |
-167 |
| Cash Flow (TTM) (Millions $) |
-177 |
| Capital Exp. (TTM) (Millions $) |
166 |
Business Description
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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1.4% 
137.64 %