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DraftKings

DraftKings

DraftKings is a US online sports betting and iGaming operator, listed on Nasdaq. It began as a daily fantasy sports business before expanding into sportsbook and online casino after the 2018 repeal of PASPA.

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Listed company, iGT 25 constituent

DraftKings trades as DKNG on Nasdaq and carries 8.40% of the iGT 25 iGaming stock index.

Last close

USD 21.75 -3.20%

Market cap

$10.8bn

Share price and history

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DraftKings at a glance

Stories
24
Last covered
September 2026
Coverage since
July 2026
Segment
Operator

Latest coverage

Casino slot machines floor
Corporate

Atlantic City's August: Floors Down 5.5%, Sports Down 25%, Only iGaming Grew

New Jersey's total gaming revenue fell 4.1% to $615.7m as eight of nine casino floors lost ground and a late football calendar cut sports betting revenue to $61.4m. Online casino rose 4.4% to $259.3m but came off July's record, and for a second month the floor out-earned the internet. The summer as a whole was the resort's best in ten years.

New york manhattan skyline one wtc
Sports Betting

New York's NFL Opener: Record $595m Handle, 2.85% Hold, Revenue Down 44.5%

The Giants, Jets and Bills all won and covered, the opening week tied the NFL's highest-scoring on record, and the state's eight mobile books kept $17.0m of $594.6m. Fanatics held 1.1%. Handle was up 12.7% on last year's opener in the same week prediction markets traded more than $3bn on a single Sunday.

Missouri regulator defends licensing strategy as fanatics secures market access
Prediction Markets

Missouri's AG Sends Every Prediction Market a Cease-and-Desist and Names a Price

Catherine Hanaway says sports contracts "fit four square the definition of gambling in Missouri", that they siphon money from sportsbooks that pay the state's tax, and that what she wants is an agreement putting the exchanges under Missouri gaming law and taxing them. If there is no agreement she will sue; she expects them to sue her first.

American football player gridiron
Sports Betting

DraftKings and FanDuel Put $7m Behind Nebraska's Ballot as Tom Osborne Says No

Two measures on the 3 November ballot would legalise online sports betting tethered to the state's racetracks at a 20% tax, with 70% of the state's take earmarked for property-tax relief that works out at between $5 and $16 a homeowner. The opposition is the most famous man in the state, a Huskers assistant coach quoting scripture, the state auditor and the treasurer. The initiative survived a signature-fraud inquiry to get there.

Washington dc skyline monument capitol
Regulatory

House Committee Votes 38-5 to Restore the Full Gambling-Loss Deduction

Fourteen months after the "Big Beautiful Bill" cut deductible losses to 90%, the Ways and Means Committee has attached the fix to a crypto tax bill and sent it to the floor. It still needs the House, the Senate and the President before 1 January, and the House is about to leave town.

Baseball stadium floodlights dusk
Sports Betting

Five US Leagues Ask 35 States to Ban Bettors Who Threaten Athletes for Life

The NFL, NBA, MLB, NHL and MLS and their players' unions have sent a joint memo to state gaming regulators asking for mandatory lifetime exclusions, a shared list and a single reporting channel. Five states already do something like it. The memo does not reach the bettors on prediction markets.

American football player gridiron
Prediction Markets

NFL Puts Its Prediction Market Ad Ban on the Record and Fences In Sportsbooks

For eight months the league's policy rested on one anonymously sourced report. Now its communications director has spelled it out: no prediction market advertising in games, stadiums, club deals or player endorsements, and sportsbook partners may only advertise an approved product, not the company.

Boston massachusetts skyline
Corporate

Kenneth Dart Takes 5.8% DraftKings Stake Alongside 27.6% of Flutter

A Schedule 13G filed on 7 August puts the billionaire behind 28,581,386 DraftKings shares. He already controls more than a quarter of Flutter, and his vehicle Candle Lake has an unsolicited bid on the table for Evolution. One investor now sits across both halves of the US duopoly.

Entain raises full year guidance as uk and betmgm growth drive strong h1
Corporate

Entain Publishes Interim Results as UK Growth and BetMGM Momentum Build

Entain has published its interim results for the first half of 2025, with the FTSE-listed operator pointing to momentum in its UK and Irish retail business and continued progress at its BetMGM joint venture in the United States. The results arrive at a sensitive moment for the group, which is navigating a shifting UK regulatory landscape and a period of strategic repositioning following several years of turbulence.

Chicago illinois skyline lincoln park
General

Illinois Casinos Post 15% July Revenue Growth on Land-Based Transitions

Illinois casino revenue climbed to $192.7 million in July, its strongest year-over-year performance in recent months, with two Hollywood Casino properties delivering triple- and double-digit gains after completing moves from riverboat to land-based formats. Neighbouring Iowa tells a contrasting story, with aggregate revenue falling 6% as most of its 19 casinos shed ground.

Polymarket app us house
Prediction Markets

FanDuel Backs Market Making Over Exchange Ownership as CFTC Eyes Structural Rules

Flutter's outgoing CEO Peter Jackson has confirmed FanDuel is content to act as a futures commission merchant directing users to third-party exchanges, positioning the operator ahead of a proposed CFTC rule that would restrict the market-making activities of exchange-affiliated firms. The strategy is forecast to generate $50 million this year, even as overall US performance falls short of plan.

California Tribes Keep 2028 Sports Betting Push on Track as Ballot Campaign Takes Shape
Sports Betting

California Tribes Keep 2028 Sports Betting Push on Track as Ballot Campaign Takes Shape

A tribal coalition is pressing ahead with a California sports betting ballot initiative aimed at the 2028 election cycle, targeting the world's fifth-largest economy and one of the last major US markets to remain closed to regulated wagering. The campaign would give licensed tribal casinos and four major tracks exclusive control over online and retail sports betting.

Draftkings posts record ebitda signals measured approach to prediction markets
Sports Betting

DraftKings Hit With Federal Class-Action Complaint Over Prediction Market Activity

Three plaintiffs have filed a federal complaint against DraftKings and affiliated entity Gus III, LLC in the District of Massachusetts, the latest legal challenge to land against a major US operator as prediction markets reshape the competitive landscape. The filing adds to a growing body of litigation testing the legal boundaries of sports-event contracts under US gambling law.

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