DraftKings, Inc. Class A (DKNG)

In October 2025, DraftKings acquired Railbird Technologies. In December 2025, it launched its Sportsbook in Missouri with a $30 million promotional campaign. In November 2025, Q3 CY2025 revenue fell short of expectations, leading to reduced full-year guidance. In March 2026, a proposed Senate bill targeting prediction market platforms caused a stock drop. The stock also faced pressure from an NCAA trademark lawsuit and a product liability lawsuit. DraftKings' stock has significantly declined over the last 12 months and year-to-date. Benchmark maintained a 'Buy' rating, while Argus downgraded the stock to 'Hold'.

DraftKings' shares have historically moved higher after earnings reports and in the two weeks leading up to them. A seasonal timeframe with a 'Buy Date of June 3 and a Sell Date of September 18' has yielded positive results compared to the S&P 500 Total Return Index over the past six years.

DraftKings, Inc. is a digital sports entertainment and gaming company based in Boston, Massachusetts, operating in the Consumer Discretionary sector. It offers online sports betting, online casino, daily fantasy sports, digital lottery courier services through Jackpocket, prediction markets, and media offerings, including the DraftKings Network. DraftKings is the only U.S.-based vertically integrated sports betting operator.

DraftKings has a significant geographic footprint in North America. Its Sportsbook is operational in 28 U.S. states, Washington, D.C., and Puerto Rico. iGaming is available in five U.S. states and Ontario, Canada, under the DraftKings brand, and in additional U.S. states and Ontario under the Golden Nugget Online Gaming brand. Daily Fantasy Sports is accessible in over 40 U.S. states and certain Canadian provinces. While serving select international markets, the United States accounts for the majority of its revenue.

DraftKings' brand reputation has been influenced by positive developments and legal challenges. The company promotes responsible gaming and has partnerships with major sports leagues. However, it faces a product liability lawsuit alleging promotion of gambling addiction and an NCAA trademark lawsuit, which could impact its reputation and financial performance.

DraftKings Inc. has a diverse ownership structure including institutional, insider, and retail investors. Institutional investors hold a majority of the shares, followed by insiders and then public/retail investors. John S. Salter is the largest individual shareholder.