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.
Regulatory Hurdles | Explore DraftKings' navigation of complex state tax increases and potential entry into prediction markets, shaping its strategic landscape |
Market Dynamics | Delve into DraftKings' competitive positioning, market share fluctuations, and strategies to maintain its strong foothold in sports betting and iGaming |
Growth Catalysts | Learn how in-play betting and international expansion plans could drive DraftKings' future revenue growth and market penetration |
Financial Outlook | Analyst price targets range from $46 to $60, reflecting varied perspectives on DraftKings' profitability potential and growth trajectory |
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 | −73.4x | −1.6x | 11.2x | |
PEG Ratio | −2.59 | 0.04 | 0.02 | |
Price/Book | 22.1x | 6.5x | 1.4x | |
Price / LTM Sales | 4.1x | 3.2x | 1.0x | |
Upside (Analyst Target) | 18.2% | 19.1% | 17.2% | |
Fair Value Upside | Unlock | 15.4% | 8.3% | Unlock |