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 | DraftKings solidifies its position as a market leader, experiencing a significant 441 basis point increase in sports market share year-over-yea |
Regulatory Hurdles | Explore how DraftKings navigates complex regulatory landscapes, facing over $100 million in EBITDA headwinds due to tax changes in multiple states |
Expansion Strategies | Learn about DraftKings' ambitious growth plans, including potential entry into prediction markets and geographic expansion with a recent launch in Missouri |
Analyst Optimism | Delve into varied analyst perspectives, with price targets ranging from $46 to $60, suggesting potential upside of 27% to 66% from recent closing price |
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 | −56.1x | 20.5x | 11.2x | |
PEG Ratio | −1.93 | 0.01 | 0.02 | |
Price/Book | 16.9x | 2.0x | 1.4x | |
Price / LTM Sales | 3.2x | 1.4x | 1.0x | |
Upside (Analyst Target) | 47.8% | 29.9% | 20.3% | |
Fair Value Upside | Unlock | 8.5% | 7.6% | Unlock |