DraftKings (DKNG)

• Market cap: $21.2B
• 1 day: -0.56%
• 5 days: -6.86%
• 1 month: -6.7%
• 3 months: 11.86%
• 6 months: 10.1%
• Year to date: 17.5%
• 1 year: 9.47%
• 5 years: -19.71%
• 10 years: 335.1%
• Sector: Consumer Discretionary
• Industry: Gambling

About: DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in 28 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

Employees: 5,100

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

41% more call options, than puts

Call options by funds: $1.38B | Put options by funds: $982M

41% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 111

32% more capital invested

Capital invested by funds: $13.6B [Q1] → $17.9B (+$4.35B) [Q2]

4% more funds holding

Funds holding: 801 [Q1] → 834 (+33) [Q2]

2.67% more ownership

Funds ownership: 81.53% [Q1] → 84.2% (+2.67%) [Q2]

5% more repeat investments, than reductions

Existing positions increased: 275 | Existing positions reduced: 261

0% more funds holding in top 10

Funds holding in top 10: 15 [Q1] → 15 (+0) [Q2]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $50
• Avg. target: $54
• High target: $60

9 analyst ratings

• positive: 9 100%
• neutral: 0 0%
• negative: 0 0%

Jefferies David Katz	$54	Buy Maintained	8 Aug 2025
Barclays Brandt Montour	$54	Overweight Maintained	8 Aug 2025
Benchmark Mike Hickey	$53	Buy Maintained	7 Aug 2025
Susquehanna Joseph Stauff	$60	Positive Maintained	25 Jul 2025
Stifel Jeffrey Stantial	$51	Buy Maintained	16 Jul 2025