Headquartered in Boston, MA Fiscal year ends December NASDAQ: DKNG draftkings.com
DraftKings Inc. is a digital sports and gaming company whose platforms span daily fantasy sports, regulated online sports betting and iGaming, prediction markets, digital lottery and digital media. It describes itself as the only U.S.-based vertically integrated sports betting operator.
**Sportsbook:** DraftKings Sportsbook operates mobile and/or retail sports betting in 30 states, Washington, D.C., Puerto Rico, and Alberta and Ontario, Canada.
**iGaming:** The company runs online casino under the DraftKings brand in five states and in Alberta and Ontario. It also operates under the Golden Nugget Online Gaming brand in four states and Ontario.
**Predictions:** Through its wholly-owned subsidiary GUS III LLC (d/b/a DraftKings Predictions), the company offers federally regulated event contracts under CFTC oversight. Predictions has become a major investment priority, with more than 1.6 million customers engaged year-to-date in 2026.
**Other businesses:**
- Jackpocket, a digital lottery courier app.
- A daily fantasy sports platform available in 44 states, D.C. and certain Canadian provinces.
- DraftKings Network, a multi-platform content ecosystem.
**League partnerships:** DraftKings is an official sports betting and daily fantasy partner of the NHL, PGA TOUR and WNBA. It is also an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB.
**Revenue reporting:** Revenue is reported as Sports (sportsbook plus prediction markets), iGaming, and Other. Updated
Open-market insider buying at DraftKings is rare, and Alan Wayne Ellingson just put roughly $350,000 of his own money into the stock at $18.51 a share, lifting his stake by about 9%. Insiders at the betting operator have been sellers far more often than buyers, which makes a purchase this size worth noting.
A Q3 2026 earnings miss filed Friday morning left DraftKings at a fresh low of $18.51, undercutting its October 2 bottom. Suppliers Light & Wonder and IGT sit downstream of the same betting demand.
DKNG Q3 2026 earnings miss
Friday's close spanned more than 41 points, from IonQ up 20% to Opendoor down 21%, an unusually wide gap across a 378-name priority list. DraftKings and Axon both shed roughly a fifth of their value in the same session.
DraftKings opened down nearly 29% at $16.63, a 40-point gap between it and the day's top gainer across our 379-stock board. Semis and travel took the other side, with Lam Research, Airbnb and AMD all up 8% or more.
Marketing spend for the new Predictions product jumped to $605.7 million, blowing out the loss and forcing a cut to full-year revenue and adjusted EBITDA guidance. Management is asking investors to wait for 2027, when it promises $800 million to $1.0 billion in adjusted EBITDA. With shares near multi-year lows, that promise is the investment case.
More than 1.6 million customers have engaged with Predictions year-to-date, and combined with the strength of our core, we believe we are set up for an exceptional 2027.
Robins is putting prediction markets at the center of DraftKings' 2027 story, a direct answer to the Kalshi and Polymarket encroachment on sportsbook turf. For an $11.7 billion company, how fast that user base converts into real handle is the number that decides next year.
The third quarter marked a pivotal moment for DraftKings, as the Predictions offering we have been building is now powering meaningful growth for our business.
Prediction markets just moved from side project to growth driver at DraftKings, and CEO Jason Robins is putting them at the center of the third quarter story. For an $11.7 billion company whose identity has been sports betting, that is a new revenue line investors have not yet modeled.
Both Petrobras lines are up double digits at the open, with the preferred shares leading at 11.4%, a rare size of move for a mega-cap oil name. The worst loser, Navitas Semiconductor, is off just 4.2%.
DraftKings shed 7.86% off its $21.26 open to $19.59, a single-session hit that leaves the market cap under $10 billion. Moves this size are where sentiment in the name gets reset, so keep an eye on whether $19.59 holds.
Bloom Energy closed up 11.21% at $292.34, the only double-digit gain in a 383-name priority list. The other end was just as loud: AMC and DraftKings both gave up more than 7%.
Pre-Market Stock Futures: Futures are trading mixed, but it’s time to get your popcorn ready, because the October Consumer Price Index will be released this morning at 8:30 ET. Economists project headline…
UBS, JPMorgan and Stifel downgraded DraftKings on Monday, one trading day after the stock fell 21% on its third-quarter report and guidance cut. Here is what the three notes said, what Friday…
Jeremy Phillips Pre-Market Stock Futures: Futures are trading higher after a wild week that saw stocks rally after the election, then the Nasdaq post its biggest loss in 18 months on Thursday before rebounding…
DraftKings (NASDAQ:DKNG | DKNG Price Prediction) shares fell as low as $16.55 on November 6, 2026, down 29.6% from the $23.52 prior close. Third-quarter results missed on both revenue and earnings, and…
Jake FitzGerald A brutal earnings miss sent DraftKings spiraling, but most retirement portfolios will barely notice. One narrow thematic fund could take a far deeper hit, and a bet on prediction markets explains why…
The cost of competing in prediction markets is hitting DraftKings (NASDAQ:DKNG | DKNG Price Prediction) hard after its third-quarter report and first 2027 forecast both fell short of Wall Street’s hopes. DraftKings…
DraftKings is making a costly bet on a product category so new that regulators are still writing the rules, and the bill is showing up in its stock price. Whether that spending…
A nurse practitioner earning nearly $200,000 a year called her financial advisor as homework from her therapist, six months clean from a gambling addiction that wiped her out twice before. Whether this…
Sportsbook operators have absorbed some of the biggest selling in the gambling group across 2026, and the pressure has landed hardest on the pure-play names. DraftKings (NASDAQ:DKNG | DKNG Price Prediction) stock…
Dave Ramsey called two of America's biggest sportsbook companies out by name, and the financial case he made against them goes beyond morality into something every young investor should see in the…
A Bank of America (NYSE:BAC | BAC Price Prediction) analyst who kept the firm on the sidelines for a year has turned bullish, arguing that Wall Street estimates for DraftKings (NASDAQ:DKNG) are…
A Detroit mom discovered her fiancé had been secretly gambling online with money meant to pay off $20,000 in hidden debt, and a Ramsey Show host had a pointed message for him…
Jake FitzGerald A Wall Street firm that spent the past year avoiding DraftKings (NASDAQ:DKNG | DKNG Price Prediction) over prediction-market risk has lifted its view. DraftKings stock is up 5% to $19.46 in morning…
Wall Street analysts are nearly unanimous that DraftKings is a buy, yet the stock just hit its lowest price since 2023 while a private rival with no sportsbook license is reportedly worth…
DraftKings (NASDAQ:DKNG | DKNG Price Prediction) stock is falling 2% to $20.77 as fresh sports volume figures from investment bank Needham focus the debate over who is winning prediction markets. Needham’s data…
DraftKings Inc. is a digital sports and gaming company whose platforms span daily fantasy sports, regulated online sports betting and iGaming, prediction markets, digital lottery and digital media.
24/7 Wall St.'s 12-month price target for DKNG is $31.01, rated Buy. The Wall Street consensus target is $31.17. DKNG price prediction →
