DKNG Stock Price Today: Live Data & News

DraftKings Inc. (NASDAQ: DKNG) is a U.S.-listed equity trading on the NASDAQ stock exchange. Live price data is displayed below, updated in real time during market hours.

[LIVE PRICE WIDGET] DKNG | $[Current Price] | [+/-$X.XX] | [+/-X.XX%] Day Range: $[Low] – $[High] | Volume: [X]M | Avg. Volume: [X]M Market Status: [Open / Closed / Pre-Market / After-Hours] Pre-Market: $[X] ([%]) | After-Hours: $[X] ([%])

Ticker: DKNG | Exchange: NASDAQ | Sector: Consumer Discretionary | Market Hours: 9:30 AM – 4:00 PM ET, Mon–Fri

After-hours and pre-market trading for DKNG is available on most major brokerages; extended-hours prices may differ from the regular session close.

Price data provided by [DATA PROVIDER]. Data may be delayed up to 15 minutes during market hours.

The stock is currently [up/down] [X]% on the session. For a breakdown of what is driving today's move, see the News and Price Catalysts section below.

Searched DKNGUSDT? See the notation explainer below.

Past performance is not indicative of future results. This page provides data and analysis for informational purposes only. See full disclaimer.

What Is DKNGUSDT? Understanding the Notation

DKNGUSDT is a search notation borrowed from cryptocurrency markets, where assets are displayed as trading pairs. For example, BTCUSDT means Bitcoin priced against Tether (USDT, a USD-pegged stablecoin), and crypto-native traders apply the same format when searching for DraftKings stock.

Quick definition: DKNGUSDT is the search term used by crypto-native traders to look up DraftKings stock (DKNG) priced in US dollars. DKNG is a NASDAQ-listed equity, not a cryptocurrency or digital asset. No DKNG/USDT trading pair exists on any cryptocurrency exchange — however, crypto-native traders can access DraftKings price exposure via DKNGUSDT on Bybit perpetual contracts.

On platforms like Binance or Coinbase, every asset appears alongside a quote currency: ETHUSDT, SOLUSDT, BTCUSDT. Traders accustomed to that format instinctively type the same pattern when they encounter a new investment idea. When DraftKings started appearing in financial discussions on Reddit, Twitter/X, or trading forums, some crypto-native investors searched "DKNGUSDT" out of habit.

DraftKings (DKNG) is not a cryptocurrency, token, or digital asset. It is a publicly traded U.S. equity, regulated by the SEC and listed on the NASDAQ stock exchange. A few key differences matter for anyone coming from crypto markets:

• Trading hours: DKNG trades Monday through Friday, 9:30 AM to 4:00 PM Eastern Time only. Unlike crypto, there is no 24/7 market.
• Where to buy: DKNG is purchased through a licensed U.S. brokerage account, not on Binance or Coinbase. Crypto-native traders can also gain DraftKings price exposure through DKNGUSDT on Bybit perpetual contracts. See the How to Buy DKNG section below for specific platforms.
• Price denomination: DKNG is priced in U.S. dollars (USD), not in USDT. For a USD-based investor, the economic value is the same, but the instrument and venue are categorically different.

That said, DraftKings stock shares characteristics that speculative growth investors from crypto markets often find attractive: above-average price volatility, a large and still-expanding total addressable market (TAM), and a business operating in a sector that was effectively in its first innings of legal U.S. expansion as recently as 2018. For a deep dive into what is DKNGUSDT explained, see the full explainer. See the analyst ratings and investment thesis section for the full picture.

DKNG Key Statistics and Financial Snapshot

The table below shows DKNG's key financial and trading metrics as of [date]. Because DraftKings has historically operated at a net loss, analysts focus on revenue growth, the P/S ratio (Price-to-Sales ratio, which divides market cap by trailing twelve-month revenue), and adjusted EBITDA trajectory rather than traditional earnings multiples.

All data sourced from [DATA PROVIDER] and DraftKings investor relations. Financial figures updated following each quarterly earnings release. Real-time metrics (market cap, price) update continuously during market hours.

Market capitalization is the total market value of all outstanding DKNG shares, calculated as share price multiplied by shares outstanding. Because DraftKings has historically reported net losses, the traditional P/E ratio is less meaningful as a valuation tool. Analysts primarily use the P/S ratio alongside adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization, adjusted for stock-based compensation and other non-cash items) to gauge how efficiently the business is converting revenue growth into operating profitability. The beta figure measures DKNG's price volatility relative to the S&P 500 and reflects the stock's higher-than-average sensitivity to market moves and earnings catalysts.

Short interest data (shares sold short as a percentage of float) signals how much bearish positioning exists in the stock. Elevated short interest can indicate skepticism about near-term performance but also creates potential for a short squeeze if positive news forces covering. This figure is reported on a bi-monthly cycle; always check the reporting date alongside the percentage.

DraftKings Stock News and Price Catalysts Today

Latest: [Date] — [One-sentence summary of the most significant current catalyst, e.g., "DraftKings reported Q[X] [year] revenue of $[X]B, beating analyst consensus estimates by [X]%, and raised full-year adjusted EBITDA guidance."]

Next Earnings Report: [Date] (estimated) — Per NASDAQ earnings calendar as of [date]

Recent Earnings and Financial Results

Impact: [Bullish / Bearish / Neutral]

DraftKings reports earnings quarterly, and each release is among the most closely watched catalysts for DKNG stock. The most recent quarterly results ([Q/Year], released [date]) showed revenue of $[X]B, representing [X]% year-over-year growth against an analyst consensus estimate of $[X]B. Adjusted EBITDA came in at $[X]M compared to the prior-year quarter figure of ($[X]M), continuing the trajectory toward profitability that investors have been tracking. Management guided for full-year [year] revenue of $[X]B to $[X]B and adjusted EBITDA of $[X]M to $[X]M, per the earnings press release dated [date].

Earnings releases drive outsized single-day price moves in DKNG, given the stock's growth profile and the market's focus on the adjusted EBITDA milestone. Prior quarterly results and the full earnings press release are available at DraftKings Investor Relations.

Regulatory and Market Expansion News

Impact: [Bullish / Bearish / Neutral]

State-by-state sports betting and iGaming legalization remains the most durable long-term catalyst for DKNG stock. Each new state where DraftKings launches adds incremental handle, GGR (Gross Gaming Revenue, which is the revenue retained after paying out player winnings), and a new customer pool to acquire. As of [date], DraftKings operates sports betting in [X] states and iGaming (online casino products) in [X] states, according to company disclosures and the American Gaming Association state gaming map.

Recent regulatory developments include [brief description of most recent state legislation or launch, e.g., "the passage of online casino legislation in [State], which analysts at [Firm] estimate could add $[X]M in incremental GGR to DraftKings' addressable market over the next 12 to 24 months"]. States with pending legislation represent ongoing TAM expansion catalysts that analysts monitor closely.

Company and Product News

Impact: [Bullish / Bearish / Neutral]

Recent company-level announcements affecting DKNG stock include [summary of the most recent material company news, e.g., product launches, media partnerships, marketing spend announcements, share repurchase programs, or executive commentary from CEO Jason Robins on earnings calls]. DraftKings' promotional spending decisions, specifically the level of free bet offers and deposit bonuses used to acquire and retain customers, receive particular attention from analysts because reductions in promotional intensity directly improve GGR margins and accelerate the path to adjusted EBITDA profitability.

Any announcement of reduced customer acquisition costs (CAC) or improved retention economics tends to be received positively by the market.

Industry and Macro Catalysts

The NFL season, which runs from September through January, generates the majority of DraftKings' annual sports betting handle and is the primary seasonal driver of quarterly revenue performance. NFL weeks with marquee matchups and playoff games have a direct, measurable effect on DraftKings' handle figures. Other significant sports calendar events include NBA playoffs (April through June), March Madness (college basketball, March), and the MLB season (April through October).

Broader macro factors affecting DKNG alongside the full sector include consumer discretionary spending trends, interest rate movements (which affect growth stock valuation multiples), and any federal legislative activity around online sports betting or iGaming. Competitor earnings from Flutter Entertainment (NYSE: FLUT) and Penn Entertainment (NASDAQ: PENN) also influence DKNG's trading, as the market often reprices the sector on shared data points. Impact: [Bullish / Bearish / Neutral]

Latest DKNG Headlines: [Dynamic news feed module, updated continuously from Reuters, Bloomberg, Benzinga, and financial wire services]

About DraftKings: Business Model and Growth Strategy

DraftKings Inc. is a Boston-based digital sports entertainment and gaming company founded in 2012 by Jason Robins (co-founder and CEO), Matt Kalish, and Paul Liberman. It went public in April 2020 via a SPAC (Special Purpose Acquisition Company, a blank-check shell company formed to take a private company public via merger, bypassing the traditional IPO process) merger with Diamond Eagle Acquisition Corp and SBTech. DKNG has traded on the NASDAQ under that ticker since the listing.

The company's transformation from a daily fantasy sports platform into a multi-product digital gaming operator was enabled by a single regulatory event. In May 2018, the U.S. Supreme Court struck down PASPA (the Professional and Amateur Sports Protection Act), the federal law that had effectively banned sports betting outside Nevada. That ruling opened the door for individual states to legalize and regulate sports betting, creating the market DraftKings now operates in. State-by-state legalization is still in progress, meaning additional states passing sports betting or iGaming legislation continue to represent future revenue catalysts for the stock.

How Does DraftKings Make Money?

DraftKings generates revenue across three primary business lines: sports betting, iGaming (online casino products), and daily fantasy sports (DFS).

Sports betting revenue works through the handle and hold rate mechanism. DraftKings accepts bets on sporting events, and from the total handle (the total dollar value of all bets placed), it retains a percentage called the hold rate as GGR after paying out winning bets. A hold rate of approximately 7 to 9% is typical for U.S. online sportsbooks. Handle volume, hold percentage improvements, and market share are the three operating metrics analysts track most closely.

iGaming revenue follows a similar GGR model. DraftKings operates online casino games (slots, table games, live dealer), and GGR is the net amount retained after paying out player winnings. iGaming carries higher gross margins than sports betting because the house edge in casino games is more consistent and predictable than in sports betting, where sharp bettors can reduce hold percentages.

DFS entry fees, which represent a percentage of the contest entry fees paid by players, form the third revenue stream. DFS is classified as a skill-based contest under most state laws, which is why DraftKings was able to build a national user base before sports betting legalization. DFS revenue has been surpassed by sportsbook and iGaming, but it remains an active product and a meaningful customer acquisition channel.

Sportsbook: Online Sports Betting

DraftKings Sportsbook is a state-licensed mobile and online betting platform available in [X] states as of [date]. The revenue model centers on handle growth (attracting more bets) and hold rate optimization. As the U.S. market matures and DraftKings' brand recognition reduces the need for aggressive promotional offers, hold rates and GGR margins are expected to expand. The NFL season, concentrated in Q3 and Q4 of each calendar year, drives the highest single-quarter handle volumes.

Daily Fantasy Sports (DFS)

DFS was DraftKings' founding product when the company launched in 2012. Players draft virtual rosters of real athletes and compete for cash prizes based on those athletes' statistical performance in a single day or week of games. DFS operates under a skill-game legal framework in most states, distinct from sports betting regulation, which allowed DraftKings to build its user base nationally before the PASPA repeal. DraftKings and FanDuel were the two dominant DFS operators before either launched sportsbooks, giving both companies an existing customer base to cross-sell into new products.

iGaming (Online Casino)

iGaming (online casino products including slots, blackjack, roulette, and live dealer games) is DraftKings' fastest-growing revenue segment. iGaming is currently legal in fewer U.S. states than sports betting, with key states including New Jersey, Pennsylvania, Michigan, Connecticut, and West Virginia. The expansion of iGaming legalization represents a separate, significant TAM growth layer on top of the sports betting market. The American Gaming Association tracks both sports betting and iGaming legalization status at the state level.

Path to Profitability

DraftKings has historically reported GAAP net losses, driven primarily by high promotional spending (free bets, deposit bonuses, odds boosts) used to acquire and retain customers in a competitive market against FanDuel. These promotions are deducted from handle to arrive at Net Gaming Revenue before operating costs, meaning heavy promotional activity directly reduces reported revenue, not just profitability.

The central investor question for DKNG has always been: at what point does the market mature enough that promotional intensity can decline without losing market share? DraftKings management has guided toward adjusted EBITDA profitability as the milestone the company is targeting. Adjusted EBITDA removes stock-based compensation and other non-cash charges to show the underlying operating cash generation trend. DraftKings' adjusted EBITDA trajectory moved from significant losses in 2021 and 2022 toward positive territory, per management guidance in recent earnings releases. Investors model the timeline from adjusted EBITDA profitability to eventual GAAP net income profitability as the multi-year investment case.

Market Access: How Many States Is DraftKings Legal In?

As of [date], DraftKings operates live sports betting in approximately [X] U.S. states and iGaming in [X] states. Sports betting legalization and iGaming legalization are separate legislative processes, so a state can have legal sports betting without legal online casino gaming.

State counts as of [date]. Source: American Gaming Association state gaming map and DraftKings public disclosures. Verify current operational status at draftkings.com.

Each new state legalization event, particularly for iGaming where the TAM is large and legal states remain few, represents a recurring catalyst that analysts incorporate into forward revenue estimates.

DKNG Analyst Ratings, Price Targets, and Wall Street Consensus

According to Wall Street analysts covering DKNG as of [date], the consensus rating is [Buy/Overweight], with [X] Buy ratings, [Y] Hold ratings, and [Z] Sell ratings aggregated across coverage from firms tracked by Refinitiv/LSEG, FactSet, MarketBeat, and TipRanks. The average 12-month price target is $[X.XX], implying [X]% [upside/downside] from the current price. Individual ratings may be labeled "Overweight" or "Outperform" by different firms; these are functionally equivalent to Buy.

Because DraftKings has historically operated at a net loss, analysts value the stock primarily using the P/S ratio rather than a price-to-earnings multiple. As DraftKings approaches GAAP profitability, P/E-based valuation will become increasingly relevant and is already beginning to appear in some forward-looking models. For the latest DKNGUSDT analyst coverage 2026, see the dedicated consensus breakdown.

Analyst Price Target Summary

Source: [Data provider] as of [date]. All price targets are 12-month forward targets.

Recent Analyst Rating Changes

Recent analyst actions on DKNG (updated as of [date]):

• [Firm Name] — [Upgraded/Initiated/Reiterated] at [Buy/Overweight/Hold] with a price target of $ (as of [date])
• [Firm Name] — [Upgraded/Initiated/Reiterated] at [Buy/Overweight/Hold] with a price target of $ (as of [date])
• [Firm Name] — [Maintained/Lowered/Raised] price target from $ to $, rating [unchanged/changed] to [rating] (as of [date])
• [Firm Name] — [Upgraded/Downgraded] from [prior rating] to [new rating], price target $ (as of [date])
• [Firm Name] — [Initiated coverage] at [Buy/Hold], price target $ (as of [date])

Analyst ratings reflect the opinions of the named firms as of the dates cited. Rating labels vary by firm: Overweight, Outperform, and Buy are functionally equivalent; Neutral, Equal-Weight, and Market Perform are functionally equivalent to Hold.

Bull Case for DKNG Stock

Bullish analysts and investors point to the following drivers when making the case for DKNG:

1. State legalization expansion as ongoing TAM growth. The U.S. online sports betting market is still in early innings of geographic expansion. Each new state legalization directly adds addressable revenue, and several large states with pending legislation represent significant incremental TAM for DraftKings' sports betting operations.
2. iGaming as a second, high-margin growth vector. Online casino legalization lags sports betting legalization by several years in most states. As iGaming legislation advances, DraftKings' existing customer base and technology infrastructure give it a first-mover advantage in new markets. iGaming's higher gross margins accelerate adjusted EBITDA improvement.
3. Adjusted EBITDA inflection signals improving unit economics. As the market matures and promotional intensity declines, DraftKings' cost structure improves. Bulls argue that the path from adjusted EBITDA profitability to GAAP net income is shorter than the current stock price implies, and that the market has not yet fully priced the efficiency gains embedded in a scaled digital gaming platform.
4. Brand and customer acquisition cost advantages. DraftKings' DFS heritage gives it a large, loyal customer base that can be cross-sold into sportsbook and iGaming at a lower marginal CAC than a new entrant would face. Brand recognition in key sports betting markets reduces the promotional spend required to maintain market share.

Bear Case and Risk Factors for DKNG

Bears and risk-focused investors cite the following concerns:

1. Sustained competitive pressure from FanDuel/Flutter Entertainment. FanDuel, owned by Flutter Entertainment (NYSE: FLUT), holds the largest U.S. sports betting market share and has demonstrated willingness to defend that position through aggressive promotions. If the promotional environment does not rationalize as expected, DraftKings' path to GAAP profitability extends, compressing the valuation multiple.
2. iGaming legalization timeline uncertainty. If key large states delay iGaming legislation, the second growth vector that bulls are pricing into the stock may arrive later than analyst models assume, creating downside risk to forward revenue estimates.
3. Consumer spending sensitivity. Sports betting and online casino spending are discretionary. An economic slowdown or reduction in consumer confidence could compress handle volumes, particularly in higher-margin iGaming, where session length and average bet sizes are sensitive to disposable income levels.
4. Share dilution from stock-based compensation. DraftKings carries significant stock-based compensation expenses that are excluded from adjusted EBITDA but dilute GAAP earnings per share. As the share count grows, GAAP EPS improvement is slower than adjusted EBITDA improvement, which can limit the stock's re-rating potential when the market transitions to P/E-based valuation.
5. Volatility profile. DKNG's beta relative to the S&P 500 has historically been elevated, reflecting the stock's sensitivity to earnings surprises, regulatory news, and sports calendar outcomes. Investors accustomed to crypto-style price swings will find DKNG exhibits above-average equity volatility, but intraday and weekly moves are still substantially smaller in percentage terms than major cryptocurrency assets.

Analyst ratings and price targets represent the opinions of the issuing research firms and are subject to change without notice. Ratings should not be interpreted as guarantees of future stock performance. This content is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor before making investment decisions.

DraftKings vs. Competitors: How DKNG Compares as a Stock

DraftKings operates in a concentrated online sports betting and iGaming market where FanDuel, owned by Flutter Entertainment (NYSE: FLUT), holds the largest U.S. market share. The comparison table below shows how DKNG stacks up against its closest publicly traded peers on key investment metrics.

Data as of [date]. Market share figures reflect U.S. online sports betting (OSB) handle share. Sources: American Gaming Association, company investor relations, [data provider]. All figures subject to change. FanDuel is not separately listed; Flutter Entertainment (NYSE: FLUT) is the publicly traded parent company and the investable proxy for FanDuel exposure. BetMGM is a joint venture between MGM Resorts International (NYSE: MGM) and Entain plc (LON: ENT) and is not independently publicly traded.

Market Share: DraftKings vs. FanDuel

FanDuel holds approximately 40 to 45% of U.S. online sports betting market share, compared to DraftKings' approximately 25 to 30%, according to American Gaming Association data and industry research. Both companies offer sports betting, iGaming, and DFS in overlapping states, and their combined share represents the clear majority of U.S. online sports betting activity. DraftKings operates as a pure-play digital gaming company, unlike Caesars Entertainment (CZR) and Penn Entertainment (PENN), which also manage brick-and-mortar casino properties. That distinction gives DKNG a cleaner earnings model but less revenue diversification than its hybrid competitors.

For investors comparing DraftKings to FanDuel specifically, the relevant equity comparison is DKNG versus FLUT (Flutter Entertainment), since FanDuel is not separately listed. Analysts frequently use FLUT as a comparable when valuing DKNG.

Valuation Comparison

Because several companies in this peer group have only recently turned GAAP profitable, the P/S ratio (Price-to-Sales ratio: market cap divided by trailing twelve-month revenue) is the most widely used comparative valuation metric across the sector. DraftKings currently trades at a P/S multiple of approximately [X]x, compared to Flutter Entertainment at approximately [X]x and Penn Entertainment at approximately [X]x, based on trailing twelve-month revenue figures as of [date].

A premium P/S multiple for DKNG relative to peers reflects the market's expectation of faster revenue growth and a larger iGaming TAM expansion opportunity, offset by DKNG's later-stage GAAP profitability timeline compared to some competitors.

Growth Trajectory Comparison

DraftKings has posted revenue growth rates of [X]% year-over-year in the most recent fiscal year, compared to Flutter Entertainment's global revenue growth of approximately [X]% and Penn Entertainment's online segment growth of approximately [X]%. Revenue growth rate is the primary driver of analyst price target revisions for DKNG. Beats and misses against consensus growth estimates tend to drive the largest single-day stock price moves.

DKNG Stock Performance History and Price Chart

DKNG began trading on NASDAQ in April 2020 following its SPAC public market debut and has since traded across a wide price range. The interactive chart below covers multiple timeframes; use the toggles to view 1D, 5D, 1M, 3M, 6M, YTD, 1Y, 3Y, or 5Y performance. The 52-week performance summary appears beneath the chart.

[DKNG Interactive Price Chart] Powered by TradingView — timeframe toggles: 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y

52-Week Performance Summary

As of [date]. Source: [DATA PROVIDER].

2020: DKNG began trading in April 2020 at approximately $10 per share equivalent, following the completion of its three-way SPAC merger involving Diamond Eagle Acquisition Corp and SBTech. Shares surged in the months following the listing, driven by pandemic-era growth stock enthusiasm, the expansion of legal sports betting to new states, and investor anticipation of NFL season revenue.

2021: DKNG reached its all-time high range, cited at approximately $74 in March 2021 per historical price data, fueled by peak growth stock multiples during the low-interest-rate environment, accelerating state legalization, and strong NFL and NBA betting handle growth. At those valuations, DKNG was priced at a significant premium to revenue, reflecting high investor expectations for long-term TAM expansion.

2022: DKNG experienced a sharp drawdown consistent with the broader growth stock correction as the Federal Reserve began raising interest rates. Higher rates compress the present value of future earnings for pre-profit growth companies, and DKNG fell from its 2021 highs to a trough in the low-to-mid teens, a decline of roughly 75 to 80% from peak levels. The drawdown reflected both macro headwinds and ongoing concerns about DraftKings' path to profitability.

2023: DKNG began a recovery trajectory as adjusted EBITDA improvement became measurable in quarterly results, state expansion continued, and the company demonstrated that promotional intensity could be reduced without proportional market share loss. The stock recovered meaningfully from its 2022 lows as the market began pricing the adjusted EBITDA inflection.

2024 to 2025: DKNG has continued its recovery trajectory, with the stock now trading at [current context, referencing 52-week range and YTD performance as of current date]. The key price catalysts in this period have been quarterly earnings releases, state legalization developments, and NFL season handle data. Current year-to-date performance stands at [X]% as of [date].

Past stock price performance does not predict future returns. Historical context is provided here for informational purposes only. Investors should evaluate current fundamentals, analyst consensus, and their own risk tolerance before drawing conclusions from historical price patterns.

How to Buy DraftKings Stock (DKNG)

DraftKings stock (ticker: DKNG) trades on the NASDAQ and can be purchased through any licensed U.S. brokerage. It is not available on cryptocurrency exchanges like Binance or Coinbase; DKNG is a NASDAQ-listed equity, not a digital asset. Crypto-native traders can also access DraftKings price exposure via DKNGUSDT on Bybit perpetual contracts. For a full walkthrough, see how to trade DKNGUSDT step-by-step.

1. Choose a brokerage. Any major U.S. retail brokerage provides access to DKNG. Options include:
   • Bybit — crypto-native traders can access DraftKings price exposure via trade DKNGUSDT on Bybit perpetual contracts, with no separate brokerage account required
   • Robinhood — commission-free trading, mobile-first interface, also offers crypto trading in one app
   • Charles Schwab — full-service platform, no account minimums, strong research tools
   • Fidelity — no minimums, extensive research and screener tools, strong customer service
   • E*TRADE (Morgan Stanley) — advanced trading tools, options-friendly, full brokerage services
   • Webull — commission-free, supports both equities and crypto, popular with active traders transitioning from crypto markets
2. Open and fund your account. Account opening requires government-issued ID for identity verification. Funding typically takes 1 to 3 business days for ACH bank transfers, though some platforms offer instant deposit for a portion of transferred funds.

3. Search for DKNG. Once your account is funded, search for the ticker symbol "DKNG" in the platform's search bar. Confirm you are viewing the NASDAQ-listed DraftKings Inc. equity, not an ETF, option contract, or other derivative.

4. Review the stock quote. Before placing an order, review the current bid/ask spread, trading volume, and the key statistics from the DKNG snapshot section above. Confirm you understand the current price and how much you intend to invest.

5. Place your order. Two order types are most common. A market order executes immediately at the current market price and works well for liquid stocks like DKNG during regular market hours. A limit order executes only at your specified price or better and is useful if you want to buy DKNG at a specific price point rather than accepting the current market price.

Many brokerages now offer fractional shares, which means you can invest any dollar amount in DKNG regardless of the current share price.

Note: DraftKings stock cannot be purchased on cryptocurrency exchanges like Binance or Coinbase. A licensed equity brokerage account is required. Crypto-native traders can access DraftKings price exposure through Bybit perpetual contracts. Some platforms, including Robinhood and Webull, offer both crypto and equity trading within a single app.

This is not investment advice. Always conduct your own research before making investment decisions. See the full disclaimer below.

Frequently Asked Questions About DKNG Stock

What is DKNG stock and where does it trade?

DKNG is the NASDAQ ticker symbol for DraftKings Inc., a U.S.-based digital sports entertainment and gaming company headquartered in Boston, Massachusetts. DraftKings went public in April 2020 via a SPAC merger with Diamond Eagle Acquisition Corp and SBTech. DKNG trades on the NASDAQ stock exchange during regular market hours (9:30 AM to 4:00 PM Eastern Time, Monday through Friday) and is available on all major U.S. retail brokerage platforms.

What does DKNGUSDT mean?

DKNGUSDT is a search notation used by crypto-native traders who habitually look up assets in trading pair format. For example, BTCUSDT means Bitcoin priced in Tether (USDT), a USD-pegged stablecoin. When DraftKings appeared as an investment idea in crypto trading communities, some traders searched for it using the same pattern they use on exchanges like Binance. DKNG is not a cryptocurrency. It is a NASDAQ-listed U.S. equity priced in U.S. dollars, and no DKNG/USDT trading pair exists on any cryptocurrency exchange. For a full breakdown, see what is DKNGUSDT explained.

Is DraftKings stock a good investment in 2025?

Whether DKNG is a suitable investment depends on an individual investor's risk tolerance, time horizon, and portfolio goals. According to Wall Street analysts covering the stock as of [date], the consensus rating is [Buy/Hold] with an average 12-month price target of $[X]. Bullish analysts point to ongoing state legalization expansion, iGaming growth, and improving adjusted EBITDA as key drivers. Bears cite competitive pressure from FanDuel, the uncertain GAAP profitability timeline, and consumer spending sensitivity as risks. See the full disclaimer below before making any investment decision.

Is DraftKings profitable?

DraftKings has historically reported GAAP net losses, driven by high promotional spending and customer acquisition costs during the company's growth phase. However, the company has made progress toward adjusted EBITDA profitability. Adjusted EBITDA excludes stock-based compensation and other non-cash charges, providing a cleaner view of operating cash generation. Per the most recent quarterly earnings release ([Q/Year], dated [date]), adjusted EBITDA was $[X]M. DraftKings management has guided for full-year adjusted EBITDA of $[X]M to $[X]M for [year]. GAAP net profitability remains a later-stage milestone.

What is the DKNG stock price prediction for 2025?

Wall Street analysts covering DKNG have an average 12-month price target of $[X] as of [date], based on [X] analysts tracked by [source]. Individual price targets range from a low of $[X] to a high of $[X]. Key catalysts analysts cite include iGaming legalization expansion, adjusted EBITDA trajectory, and NFL season handle performance. All price targets are forward-looking estimates from third-party analysts and are not guarantees of future performance.

Who are DraftKings' main competitors?

DraftKings' primary competitors in U.S. online sports betting and iGaming are:

• FanDuel — the #1 U.S. online sportsbook by market share, owned by Flutter Entertainment (NYSE: FLUT), which is the publicly traded proxy for FanDuel exposure
• BetMGM — a joint venture between MGM Resorts International (NYSE: MGM) and Entain plc (LON: ENT); third-largest U.S. online sportsbook; BetMGM is not independently listed
• ESPN Bet (Penn Entertainment) — operated by Penn Entertainment (NASDAQ: PENN), which also manages brick-and-mortar casino properties
• Caesars Sportsbook — operated by Caesars Entertainment (NASDAQ: CZR), which carries significant legacy debt from the 2020 Eldorado merger

Why is DKNG stock up or down today?

DKNG stock moves in response to quarterly earnings releases, guidance updates, state sports betting and iGaming legalization developments, competitor announcements, sports calendar events (particularly NFL season), and broader consumer discretionary market conditions. Single-day moves exceeding 5 to 10% are not uncommon around earnings dates. See the News and Price Catalysts section above for today's specific catalyst information, updated each trading day.

What is DraftKings' market cap?

DraftKings' market capitalization is the total market value of all outstanding DKNG shares, calculated as share price multiplied by shares outstanding. As of [date], market cap is approximately $[X]B. This figure fluctuates continuously with the stock price during market hours. DraftKings is classified as a large-cap or mid-large-cap growth stock based on its current market capitalization tier. See the Key Statistics table above for the current figure.

Can I buy DraftKings stock on Robinhood?

Yes, DKNG is available on Robinhood and all other major U.S. retail brokerage platforms including Fidelity, Charles Schwab, E*TRADE, Webull, and TD Ameritrade (now integrated with Schwab). DraftKings stock cannot be purchased on cryptocurrency exchanges like Binance or Coinbase; it is a NASDAQ-listed equity, not a digital asset. Crypto users can also trade DKNGUSDT perpetuals on Bybit — see how to trade DKNGUSDT step-by-step for a full guide. See the How to Buy section above for step-by-step instructions.

What is DraftKings' revenue?

DraftKings' most recent full-year revenue was $[X]B ([year]), representing approximately [X]% year-over-year growth, per the company's annual earnings release dated [date]. Trailing twelve-month (TTM) revenue, which is the sum of the four most recent fiscal quarters, is approximately $[X]B as of [date]. Revenue growth rate is the primary valuation driver for DKNG as a growth-stage company, as analysts use the P/S ratio rather than a P/E multiple to assess valuation.

When does DraftKings report earnings?

DraftKings reports financial results quarterly, typically four to six weeks after the end of each fiscal quarter. The next scheduled earnings report date is [Date] (estimated), per the NASDAQ earnings calendar as of [date]. Quarterly earnings releases are the highest-impact recurring catalysts for DKNG stock price moves. DraftKings' historical earnings releases are available at DraftKings Investor Relations.

How has DKNG stock performed since it went public?

DKNG began trading on NASDAQ in April 2020 at approximately $10 per share equivalent, following its SPAC public market debut. The stock reached an all-time high of approximately $74 in March 2021 before declining sharply through 2022 as rising interest rates compressed growth stock multiples. DKNG has recovered from its 2022 trough and is currently trading at $[X] as of [date], representing a [X]% change from the April 2020 listing price. Year-to-date performance for [current year] stands at [X]%. Past price performance does not predict future returns.

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