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.
Analyst Optimism | Learn about analysts' bullish outlook, with price targets around $60, reflecting confidence in DraftKings' potential for significant financial growth in coming years |
Strategic Expansion | Uncover DraftKings' innovative product offerings, market expansion strategies, and long-term growth initiatives beyond traditional sports betting and iGaming |
Financial Milestones | Delve into DraftKings' first year of positive adjusted EBITDA, with 2025 revenue projections ranging from $6.3 billion to $6.6 billion and EBITDA of $900 million to $1 billion |
Market Dominance | Explore DraftKings' ascent as a leader in U.S. sports betting and iGaming, boasting a $16.1 billion market cap and impressive revenue growth amid fierce competition |
Metrics to compare | DKNG | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipDKNGPeersSector | |
---|---|---|---|---|
P/E Ratio | −33.1x | −1.1x | 10.2x | |
PEG Ratio | −0.84 | 0.01 | 0.02 | |
Price / Book | 16.6x | 4.9x | 1.4x | |
Price / LTM Sales | 3.5x | 2.0x | 0.9x | |
Upside (Analyst Target) | 75.5% | 59.9% | 33.8% | |
Fair Value Upside | Unlock | 15.5% | 10.9% | Unlock |