Draftkings
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 615m | 1.3b | 2.2b | 3.7b | 5.1b | 6.2b | 7.3b |
| % growth | 90 % | 111 % | 73 % | 64 % | 39 % | 21 % | 19 % |
| EBITDA | (766m) | (1.5b) | (1.4b) | (529m) | 387m | 948m | 1.5b |
| % EBITDA margin | (125 %) | (113 %) | (61 %) | (14 %) | 8 % | 15 % | 20 % |
| Profit | (844m) | (1.5b) | (1.4b) | (802m) | (144m) | 367m | 839m |
| % profit margin | (137 %) | (118 %) | (62 %) | (22 %) | (3 %) | 6 % | 11 % |
| EV / revenue | 26.7x | 7.9x | 2.3x | 4.5x | 3.3x | 2.6x | 2.1x |
| EV / EBITDA | -21.4x | -7.0x | -3.7x | -31.0x | 43.2x | 17.0x | 10.2x |
| R&D budget | 169m | 254m | 318m | 355m | - | - | - |
| R&D % of revenue | 27 % | 20 % | 14 % | 10 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Seed | ||
N/A | Series A | ||
| N/A | N/A | Early VC | |
$24.0m | Series B | ||
$41.0m | Series C | ||
$300m Valuation: $1.2b | Series D | ||
$150m | Series E | ||
$118m | Series E | ||
N/A | Series F | ||
N/A | Late VC | ||
| N/A | N/A | - | |
$200m Valuation: $3.3b 14.6x EV/LTM Revenues -47.6x EV/LTM EBITDA | Merger | ||
$304m Valuation: $3.3b 14.6x EV/LTM Revenues -47.6x EV/LTM EBITDA | Private Placement VC | ||
| N/A | N/A Valuation: $6.5b 20.1x EV/LTM Revenues -48.9x EV/LTM EBITDA | IPO | |
| N/A | N/A | - | |
* | N/A | $324m | Post IPO Equity |
| Total Funding | €852m | ||
Recent News about Draftkings
EditDraftKings is a prominent player in the online gaming and entertainment industry, primarily focusing on daily fantasy sports, sports betting, and online casino games. The company operates in a highly regulated market, ensuring compliance with various gaming authorities, such as the New Jersey Division of Gaming Enforcement. This regulation guarantees that their games are fair and operate correctly, providing a secure environment for users.
DraftKings serves a diverse clientele, including sports enthusiasts, gamblers, and digital collectors. Their platform allows users to participate in daily fantasy sports contests for cash prizes, bet on various sports events, and play a wide range of online casino games such as slots, blackjack, roulette, and poker. Additionally, DraftKings has ventured into the digital collectibles market, offering NFTs (Non-Fungible Tokens) of celebrities, enabling users to build and trade their digital portfolios.
The business model of DraftKings is multifaceted. It generates revenue through entry fees for daily fantasy sports contests, sports betting, and online casino games. The company also earns money from the sale and trading of NFTs on its marketplace. By offering a variety of gaming and entertainment options, DraftKings attracts a broad audience, enhancing its revenue streams.
In summary, DraftKings is a dynamic and innovative company in the online gaming and entertainment sector. It caters to sports fans, gamblers, and digital collectors, providing them with a secure and regulated platform to engage in various gaming activities and digital asset trading.
Keywords: Daily Fantasy Sports, Sports Betting, Online Casino, Digital Collectibles, NFTs, Regulated Gaming, Cash Prizes, Online Gambling, Gaming Platform, Digital Portfolio.
Tech stack
Investments by Draftkings
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