DraftKings (DKNG)

Learn everything you need to know about DraftKings and find links to beginner-friendly guides that show you the best way to invest in it.
By:
Updated: Feb 28, 2023
Listen

About DraftKings

Copy link to section

What is DraftKings?

Copy link to section

DraftKings is a fantasy sports and sports betting company. Founded in 2012 and headquartered in Boston, Massachusetts, it has become one of the most popular betting companies in the gaming industry.

The DraftKings platform allows users to play fantasy sports games by picking a team of professional athletes and competing against other players for cash prizes.

It has also started letting users place real money bets on various sports, such as basketball, baseball, and NFL. Its most recent addition is online casino gaming, like slots and live dealer games like roulette.

How does DraftKings make money?

Copy link to section

It makes money from its services on its online website and app. This includes entry fees users pay to participate in daily fantasy sports contests, commissions earned on bets placed through its sportsbook, and revenue from its online casino and table games.

What is DraftKings’s best selling service?

Copy link to section

Online betting is the largest revenue earner for DraftKings. It made $290 million in revenue in the fourth quarter of 2022 from its sportsbook, an increase of 113% compared to the same period the previous year. DraftKings’ online gaming segment made $106 million during the same period.

Who are the key executives at DraftKings?

Copy link to section

DraftKings was founded by Jason D. Robins, Paul Liberman, and Matthew Kalish. All three are still involved in the company, with Jason Robins as its current CEO. Here’s a selection of other key executives at the company.

  • Jason D. Robins. Co-Founder, Chairman & CEO
  • Paul Liberman. Co-Founder, Pres of Global Technology & Product and Director
  • Matthew Kalish. Co-Founder, Pres of DraftKings North America & Director
  • Jason K. Park Chief Financial Officer
  • R. Stanton Dodge Esq. Chief Legal Officer & Sec.
  • Erik Bradbury. Chief Accounting Officer
  • Joseph DeCristofaro. VP of Investor Relations
  • Jennifer Aguiar. Chief Compliance Officer
  • Timothy Dent. Sr. VP of Regulatory Operations
  • Brian Angiolet. Chief Media Officer

Where can I buy shares in DraftKings?

Copy link to section

You can buy DraftKings stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in DraftKings?

Copy link to section

The simplest way to invest in DraftKings is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

DraftKings is part of the Nasdaq index, so you can invest in an ETF that tracks that index, or choose a casino ETF that lets you own a basket of related stocks from the same industry.

More about the DKNG price

Copy link to section

What is the DraftKings stock price today?

Copy link to section

The DKNG stock price today is currently $18.59, as of 27 February, 2023. The price of DraftKings is down 19.41% in the past 52 weeks. You can use the live DraftKings stock chart to track the NASDAQ:DKNG price in real time above, or compare the DraftKings value today to its past performance using the DraftKings financials tab at the top of this page.

What is the 52-week low for DraftKings stock?

Copy link to section

The 52-week low for DraftKings stock is $9.77. DKNG stock is currently 71.07% above the 52-week low.

What is the 52-week high for DraftKings stock?

Copy link to section

The 52-week high for DraftKings stock is $25.01. DKNG stock is currently 24.10% below the 52-week high.

What is the stock forecast for DraftKings?

Copy link to section

The average DraftKings stock forecast has a price target of $25.05 by the end of 2023. DraftKings’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.

More stock guides

Copy link to section

FAQs

Copy link to section
How much is DraftKings worth?
When did DKNG stock go public?
Who owns the most shares in DraftKings?
Who are DraftKings’s biggest competitors?
Has DKNG stock split?
When are DraftKings’s earnings?
Does DraftKings pay a dividend?

Latest DraftKings news

Copy link to section

Recent DraftKings analysis

Copy link to section
Here’s why Hermes, Burberry, and Kering stocks have diverged
April 25, 2024
Best blue chip healthcare stocks to buy and hold in 2024
April 25, 2024
Teladoc (TDOC) stock price analysis and the fall from grace
April 25, 2024

Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.