DraftKings Inc.
draftkings.gcs-web.comWhat Do They Do?
Offers online and retail sports betting to users, alongside online casino games and other digital gaming products.
10-K for FY2025, filed Feb 13, 2026We are a digital sports entertainment and gaming company. We provide users with online and retail sports betting (together, “Sportsbook”)…View ↗
Sportsbook — Sportsbook engages consumers in their sports viewing experience. Sports betting involves a user placing a bet by wagering…View ↗
iGaming — iGaming, or online casino, product offerings typically include the full suite of games available in land-based casinos, such as…View ↗
How Do They Make Money?
For sports betting and online casino, users wager before an event or game and DraftKings keeps the amount left after payouts and incentives once the outcome is settled. Other offerings earn contest entry fees net of prizes, lottery service fees and commissions, and a fee when a prediction-market trade occurs.
10-K for FY2025, filed Feb 13, 2026Variability in the transaction price arises primarily due to market-based pricing, cash discounts, revenue sharing and usage-based fees.…View ↗
Sportsbook or sports betting involves a user wagering money on an outcome or series of outcomes occurring. When a user’s wager wins, the…View ↗
iGaming, or online casino, typically includes digital versions of wagering games available in land-based casinos, such as blackjack…View ↗
DFS is a peer-to-peer product offering in which contestants compete against one another for prizes. Contestants pay an entry fee to join a…View ↗
Digital lottery courier revenue is earned by facilitating the purchase of official state lottery tickets on behalf of customers through a…View ↗
Prediction markets allows customers to trade event-based contracts listed on regulated exchanges. During the reporting period, the Company…View ↗
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10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by product or service ↗
$6.1B
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10-K for FY2025, filed Feb 13, 2026
$6.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sportsbook
Usage-based
10-K for FY2025, filed Feb 13, 2026 |
63%
FY2022: 46%
|
Sportsbook, FY2025
$3.8B Sources
|
Usage-based |
|
iGaming
Usage-based
10-K for FY2025, filed Feb 13, 2026 |
30%
FY2022: 37%
|
iGaming, FY2025
$1.8B Sources
|
Usage-based |
|
Other
|
7.0%
FY2022: 17%
|
Other, FY2025
$422.8M Sources
|
Who Are Their Customers?
Users access sports betting, casino games, fantasy contests, lottery-ticket purchases and prediction markets through DraftKings’ websites and apps, including the Apple App Store and Google Play Store. DraftKings also provides technical services to sportsbook and casino operators through direct customers and distributors.
10-K for FY2025, filed Feb 13, 2026We are a digital sports entertainment and gaming company. We provide users with online and retail sports betting (together, “Sportsbook”)…View ↗
Daily Fantasy Sports — Since our launch, we have monetized our DFS product offering, including Pick6, by facilitating peer-to-peer play…View ↗
Digital Lottery Courier — Our digital lottery courier product offering facilitates the purchase of official state lottery tickets on behalf…View ↗
Prediction Markets — DraftKings Predictions launched on December 19, 2025, formally entering prediction markets under the oversight of the…View ↗
DistributionView ↗
The Company is currently engaged in the business of digital sports entertainment and gaming and provides its users with online gaming…View ↗
Do Revenues Turn Into Profits?
Yes. It kept less than a cent of every revenue dollar as net income in FY2025 and turned 11 cents into free cash flow.
10-K for FY2025, filed Feb 13, 2026
−$15.8MView ↗
10-K for FY2025, filed Feb 13, 2026
$3.7MView ↗
10-K for FY2025, filed Feb 13, 2026
$647.5MView ↗
How Are They Changing?
Growing. Revenue grew 4.7x in 4 years, from $1.3B in FY2021 to $6.1B in FY2025, about 47% a year.
Prediction markets
The latest report describes a new standalone prediction-markets app and website for trading on real-world outcomes; the older report describes sports betting, casino, fantasy sports, Marketplace, media and gaming software services.
10-K for FY2022, filed Feb 17, 2023 10-K for FY2025, filed Feb 13, 2026We are a digital sports entertainment and gaming company. We provide users with online sports betting (“Sportsbook”), online casino…View ↗
Prediction Markets — DraftKings Predictions launched on December 19, 2025, formally entering prediction markets under the oversight of the…View ↗
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