DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting, daily fantasy sports, media, digital lottery courier, media, and other products, as well as retails sportsbooks. The company also offers iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. Further, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT on marketplace. The company is headquartered in Boston, Massachusetts.
Market Dominance | Explore DraftKings' impressive 26% market share in iGaming and its ambitious revenue projections, showcasing its strong position in the competitive U.S. online gaming landscape. |
Profitability Path | Delve into DraftKings' journey towards profitability, balancing growth investments with operational efficiency improvements amid regulatory challenges and market pressures. |
Strategic Expansion | Learn about DraftKings' geographical expansion and product innovation strategies, including the Simplebet acquisition, driving user engagement and market penetration. |
Analyst Outlook | Discover varied analyst perspectives on DraftKings, with price targets ranging from $43 to $54, reflecting optimism about the company's growth potential and market position. |
Metrics to compare | DKNG | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipDKNGPeersSector | |
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P/E Ratio | −36.6x | 10.8x | 10.4x | |
PEG Ratio | −0.91 | 0.02 | 0.02 | |
Price/Book | 18.4x | 5.9x | 1.4x | |
Price / LTM Sales | 3.9x | 1.7x | 0.9x | |
Upside (Analyst Target) | 62.2% | 49.5% | 28.8% | |
Fair Value Upside | Unlock | 15.8% | 10.7% | Unlock |