$DKNG
DraftKings Inc. Stock $dkng

$dkng Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000188368522000016 Filed on May 06, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$417.2M	$312.3M
YoY Change	33.6%	252.85%
Cost Of Revenue	$313.4M	$183.2M
YoY Change	71.04%	322.18%
Gross Profit	$103.8M	$129.1M
YoY Change	-19.55%	186.14%
Gross Profit Margin	24.89%	41.33%
Selling, General & Admin	$538.1M	$397.7M
YoY Change	35.3%	257.63%
% of Gross Profit	518.23%	308.16%
Research & Development	$81.35M	$56.20M
YoY Change	44.75%	212.22%
% of Gross Profit	78.35%	43.55%
Depreciation & Amortization	$32.23M	$28.19M
YoY Change	14.3%	499.85%
% of Gross Profit	31.04%	21.85%
Operating Expenses	$538.1M	$397.7M
YoY Change	35.3%	257.31%
Operating Profit	-$515.6M	-$324.8M
YoY Change	58.74%	390.62%
Interest Expense	$148.0K	$1.000M
YoY Change	-85.2%	-141.67%
% of Operating Profit
Other Income/Expense, Net	$37.88M	$0.00
YoY Change
Pretax Income	-$464.9M	-$350.8M
YoY Change	32.52%	412.1%
Income Tax	$469.0K	-$4.595M
% Of Pretax Income
Net Earnings	-$467.7M	-$346.3M
YoY Change	35.04%	404.14%
Net Earnings / Revenue	-112.1%	-110.91%
Basic Earnings Per Share	-$1.14	-$0.87
Diluted Earnings Per Share	-$1.14	-$0.87
COMMON SHARES
Basic Shares Outstanding	411.1M shares	397.6M shares
Diluted Shares Outstanding	411.1M shares	397.6M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.238B	$3.124B
YoY Change	-28.37%	1561850.0%
Cash & Equivalents	$1.773B	$2.818B
Short-Term Investments
Other Short-Term Assets	$56.56M	$15.20M
YoY Change	272.12%	15100.0%
Inventory
Prepaid Expenses
Receivables	$48.21M	$48.40M
Other Receivables	$55.95M	$24.00M
Total Short-Term Assets	$2.398B	$3.212B
YoY Change	-25.32%	1070400.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$49.73M	$116.0M
YoY Change	-57.13%
Goodwill	$615.7M
YoY Change
Intangibles	$523.0M
YoY Change
Long-Term Investments	$7.474M	$2.800M
YoY Change	166.93%	-99.31%
Other Assets	$90.80M	$8.300M
YoY Change	993.92%
Total Long-Term Assets	$1.348B	$1.272B
YoY Change	5.99%	214.0%
TOTAL ASSETS
Total Short-Term Assets	$2.398B	$3.212B
Total Long-Term Assets	$1.348B	$1.272B
Total Assets	$3.746B	$4.483B
YoY Change	-16.44%	1006.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$379.3M	$295.3M
YoY Change	28.43%	19586.67%
Accrued Expenses	$12.91M	$13.40M
YoY Change	-3.65%
Deferred Revenue	$95.40M	$41.85M
YoY Change	127.97%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$912.9M	$638.4M
YoY Change	43.0%	42460.0%
LONG-TERM LIABILITIES
Long-Term Debt	$1.249B	$1.247B
YoY Change	0.16%
Other Long-Term Liabilities	$51.04M	$206.1M
YoY Change	-75.24%	1372.14%
Total Long-Term Liabilities	$51.04M	$1.453B
YoY Change	-96.49%	10280.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$912.9M	$638.4M
Total Long-Term Liabilities	$51.04M	$1.453B
Total Liabilities	$2.361B	$2.162B
YoY Change	9.2%	13847.74%
SHAREHOLDERS EQUITY
Retained Earnings	-$4.222B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$320.7M
YoY Change
Treasury Stock Shares	7.923M shares
Shareholders Equity	$1.386B	$2.321B
YoY Change
Total Liabilities & Shareholders Equity	$3.746B	$4.483B
YoY Change	-16.44%	1006.14%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	-$467.7M	-$346.3M
YoY Change	35.04%	404.14%
Depreciation, Depletion And Amortization	$32.23M	$28.19M
YoY Change	14.3%	499.85%
Cash From Operating Activities	-$356.7M	-$59.74M
YoY Change	497.15%	17.69%
INVESTING ACTIVITIES
Capital Expenditures	$8.614M	$2.389M
YoY Change	260.57%	-141.48%
Acquisitions	$0.00	$40.54M
YoY Change	-100.0%
Other Investing Activities	$989.0K	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$23.07M	-$51.92M
YoY Change	-55.58%	720.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$14.08M	$3.124M
YoY Change	350.8%	564.68%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$12.31M	$1.129B
YoY Change	-101.09%	1353.47%
NET CHANGE
Cash From Operating Activities	-$356.7M	-$59.74M
Cash From Investing Activities	-$23.07M	-$51.92M
Cash From Financing Activities	-$12.31M	$1.129B
Net Change In Cash	-$392.1M	$1.019B
YoY Change	-138.48%	4853.25%
FREE CASH FLOW
Cash From Operating Activities	-$356.7M	-$59.74M
Capital Expenditures	$8.614M	$2.389M
Free Cash Flow	-$365.3M	-$62.13M
YoY Change	488.05%	38.06%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-41379
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	DRAFTKINGS INC.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	87-2764212
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	222 Berkeley Street
CY2022Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	5th Floor
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Boston
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	MA
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	02116
CY2022Q1	dei	City Area Code CityAreaCode	617
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	986-6744
CY2022Q1	dei	Security12b Title Security12bTitle	Class A Common Stock, $0.0001 par value
CY2022Q1	dei	Trading Symbol TradingSymbol	DKNG
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
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CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
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CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	2968000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-178000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	1522000	USD
CY2022Q1	dkng	Increase Decrease In Liabilities To Users IncreaseDecreaseInLiabilitiesToUsers	-8099000	USD
CY2021Q1	dkng	Increase Decrease In Liabilities To Users IncreaseDecreaseInLiabilitiesToUsers	11800000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-356718000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-59737000	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8614000	USD
CY2021Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	199000	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	14083000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2389000	USD
CY2022Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	13195000	USD
CY2021Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	8686000	USD
CY2022Q1	dkng	Acquisition Of Gaming Licenses AcquisitionOfGamingLicenses	267000	USD
CY2021Q1	dkng	Acquisition Of Gaming Licenses AcquisitionOfGamingLicenses	305000	USD
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	40541000	USD
CY2022Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	989000	USD
CY2021Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-23065000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-51921000	USD
CY2022Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	USD
CY2021Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1248025000	USD
CY2022Q1	dkng	Payments To Acquire Capped Call Options PaymentsToAcquireCappedCallOptions	0	USD
CY2021Q1	dkng	Payments To Acquire Capped Call Options PaymentsToAcquireCappedCallOptions	123970000	USD
CY2022Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3124000	USD
CY2022Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1770000	USD
CY2021Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7638000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-12313000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1128768000	USD
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1774000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-392096000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1018884000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2629842000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2104976000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2237746000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3123860000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1772892000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2818128000	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	464854000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	305732000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2237746000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3123860000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	0	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	29399000	USD
CY2022Q1	dkng	Increase In Accounts Payable And Accrued Expenses From Property And Equipment And Internally Developed Software Costs And Other Investments IncreaseInAccountsPayableAndAccruedExpensesFromPropertyAndEquipmentAndInternallyDevelopedSoftwareCostsAndOtherInvestments	7604000	USD
CY2021Q1	dkng	Increase In Accounts Payable And Accrued Expenses From Property And Equipment And Internally Developed Software Costs And Other Investments IncreaseInAccountsPayableAndAccruedExpensesFromPropertyAndEquipmentAndInternallyDevelopedSoftwareCostsAndOtherInvestments	680000	USD
CY2022Q1	dkng	Increase In Accounts Payable And Accrued Expenses From Convertible Notes Financing Costs IncreaseInAccountsPayableAndAccruedExpensesFromConvertibleNotesFinancingCosts	0	USD
CY2021Q1	dkng	Increase In Accounts Payable And Accrued Expenses From Convertible Notes Financing Costs IncreaseInAccountsPayableAndAccruedExpensesFromConvertibleNotesFinancingCosts	1024000	USD
CY2022Q1	dkng	Decrease Of Accounts Payable And Accrued Expenses From Gaming Licenses DecreaseOfAccountsPayableAndAccruedExpensesFromGamingLicenses	0	USD
CY2021Q1	dkng	Decrease Of Accounts Payable And Accrued Expenses From Gaming Licenses DecreaseOfAccountsPayableAndAccruedExpensesFromGamingLicenses	100000	USD
CY2022Q1	dkng	Increase Decrease In Cash Reserved For Users IncreaseDecreaseInCashReservedForUsers	-12096000	USD
CY2021Q1	dkng	Increase Decrease In Cash Reserved For Users IncreaseDecreaseInCashReservedForUsers	18014000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	0	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	0	USD
CY2022Q1	dkng	Number Of Jurisdictions With Legalized Sports Betting In Which Company Operates NumberOfJurisdictionsWithLegalizedSportsBettingInWhichCompanyOperates	17	jurisdiction
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	725662000	USD
CY2022Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	Certain amounts from a prior period, which are not material, have been reclassified to conform with the current period presentation.<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior to the second quarter of 2021, the Company (a) included changes in “cash reserved for users” as a component within the change in operating assets and liabilities on its condensed consolidated statement of cash flows as the Company historically viewed the change in cash reserved for users as offsetting the change in player liabilities and (b) presented “cash reserved for users” separate from cash and cash equivalents on the condensed consolidated balance sheet. </span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning with the second quarter of 2021, to reflect the Company’s total cash position (“cash and cash equivalents” and “cash reserved for users”) and to conform to Accounting Standards Update (“ASU”) 2016-18, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Statement of Cash Flows (Topic 230) — Restricted Cash</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the Company revised its presentation to exclude changes in “cash reserved for users” from the “change in operating assets and liabilities” and instead present the total balance as a component of cash and cash equivalents and restricted cash on its condensed consolidated statement of cash flows.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This revision does not have a material impact on the Company’s presentation of cash flows as the change in cash reserved for users will continue to be presented as a supplemental disclosure in the condensed consolidated statement of cash flows. In </span></div>addition, the Company will continue to present cash reserved for users as a separate line item on the Company’s condensed consolidated balance sheet. These revisions have no impact on the Company’s previously reported consolidated statements of operations or consolidated balance sheets, including the Company’s cash and cash equivalents and cash reserved for user balances. Prior period amounts have been revised to conform to the current period presentation.
CY2021Q1	dkng	Increase Decrease In Cash Reserved For Users Operating Activities IncreaseDecreaseInCashReservedForUsersOperatingActivities	0	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-59737000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1018884000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2104976000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3123860000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	192640000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	533022000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	736073000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	215932000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	520141000	USD
CY2022Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	738955000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	215932000	USD
CY2022Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	523023000	USD
CY2021Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	727657000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	192640000	USD
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	535017000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	28100000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	25200000	USD
CY2022Q1	dkng	Estimated Liability For Indirect Taxes EstimatedLiabilityForIndirectTaxes	49200000	USD
CY2021Q4	dkng	Estimated Liability For Indirect Taxes EstimatedLiabilityForIndirectTaxes	47500000	USD
CY2022Q1	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares	14200000	USD
CY2021Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	200000	USD
CY2021Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	91554000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	30627000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	95402000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	41849000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	51680000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	24493000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	417205000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	312276000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	417205000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	312276000	USD
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	53746000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	8388000	shares
CY2022Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	10240000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod	1806000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	188000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	53512000	shares
CY2022Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	731200000	USD
CY2022Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y
CY2022Q1	dkng	Allocated Share Based Compensation Expense Stock Options AllocatedShareBasedCompensationExpenseStockOptions	3864000	USD
CY2022Q1	dkng	Allocated Share Based Compensation Expense Share Based Awards Other Than Options AllocatedShareBasedCompensationExpenseShareBasedAwardsOtherThanOptions	183213000	USD
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	187077000	USD
CY2021Q1	dkng	Allocated Share Based Compensation Expense Stock Options AllocatedShareBasedCompensationExpenseStockOptions	2433000	USD
CY2021Q1	dkng	Allocated Share Based Compensation Expense Share Based Awards Other Than Options AllocatedShareBasedCompensationExpenseShareBasedAwardsOtherThanOptions	149410000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	151843000	USD
CY2022Q1	dkng	Total Adjusted Earnings Before Interest Taxes Depreciation And Amortization TotalAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization	-289509000	USD
CY2021Q1	dkng	Total Adjusted Earnings Before Interest Taxes Depreciation And Amortization TotalAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization	-139262000	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	32225000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	469000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-4595000	USD
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.001
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.013
CY2021Q1	us-gaap	Deferred Other Tax Expense Benefit DeferredOtherTaxExpenseBenefit	-6800000	USD
CY2022Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2022Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	417205000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	312276000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	28193000	USD
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	148000	USD
CY2021Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	985000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	469000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-4595000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	187077000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	151843000	USD
CY2022Q1	dkng	Transaction Related Costs TransactionRelatedCosts	3774000	USD
CY2021Q1	dkng	Transaction Related Costs TransactionRelatedCosts	3023000	USD
CY2022Q1	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	1950000	USD
CY2021Q1	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	622000	USD
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-12681000	USD
CY2021Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	26980000	USD
CY2022Q1	us-gaap	Other Nonrecurring Expense OtherNonrecurringExpense	-34482000	USD
CY2021Q1	us-gaap	Other Nonrecurring Expense OtherNonrecurringExpense	2001000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-467693000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-346344000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-467693000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-346344000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	411066000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	411066000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	397621000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	397621000	shares
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.14
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.14
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.87
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.87
CY2022Q1	us-gaap	Variable Lease Cost VariableLeaseCost	806000	USD
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	68462000	shares
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	74336000	shares
CY2022Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	600000	USD
CY2021Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	1400000	USD
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	4230000	USD
CY2021Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	4133000	USD
CY2022Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1755000	USD
CY2021Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	426000	USD
CY2021Q1	us-gaap	Variable Lease Cost VariableLeaseCost	701000	USD
CY2022Q1	us-gaap	Sublease Income SubleaseIncome	230000	USD
CY2021Q1	us-gaap	Sublease Income SubleaseIncome	111000	USD
CY2022Q1	us-gaap	Lease Cost LeaseCost	6561000	USD
CY2021Q1	us-gaap	Lease Cost LeaseCost	5149000	USD
CY2022Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	4283000	USD
CY2021Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	4378000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	619000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	8790000	USD
CY2022Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y8M12D
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.065
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	12443000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	15661000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	13167000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	11371000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	9817000	USD
CY2022Q1	dkng	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	18294000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	80753000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	13385000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	67368000	USD
CY2022Q1	dkng	Lessee Operating Lease Lease Not Yet Commenced Amount LesseeOperatingLeaseLeaseNotYetCommencedAmount	33700000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1 LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1	P11Y
CY2022Q1	us-gaap	Other Commitments Future Minimum Payments Remainder Of Fiscal Year OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear	349135000	USD
CY2022Q1	us-gaap	Other Commitment Due In Next Twelve Months OtherCommitmentDueInNextTwelveMonths	402543000	USD
CY2022Q1	us-gaap	Other Commitment Due In Second Year OtherCommitmentDueInSecondYear	344405000	USD
CY2022Q1	us-gaap	Other Commitment Due In Third Year OtherCommitmentDueInThirdYear	289543000	USD
CY2022Q1	us-gaap	Other Commitment Due In Fourth Year OtherCommitmentDueInFourthYear	177980000	USD
CY2022Q1	dkng	Other Commitment To Be Paid Due After Year Four OtherCommitmentToBePaidDueAfterYearFour	349849000	USD
CY2022Q1	us-gaap	Other Commitment OtherCommitment	1913455000	USD

Files In Submission

Name	View Source	Status
0001883685-22-000016-index-headers.html	Edgar Link	pending
0001883685-22-000016-index.html	Edgar Link	pending
0001883685-22-000016.txt	Edgar Link	pending
0001883685-22-000016-xbrl.zip	Edgar Link	pending
dkng-20220331.htm	Edgar Link	pending
dkng-20220331.xsd	Edgar Link	pending
dkng-20220331_cal.xml	Edgar Link	unprocessable
dkng-20220331_def.xml	Edgar Link	unprocessable
dkng-20220331_g1.jpg	Edgar Link	pending
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$DKNG
DraftKings Inc. Stock $dkng

2022 Q1 Form 10-Q Financial Statement

#000188368522000016 Filed on May 06, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DKNG DraftKings Inc. Stock $dkng

2022 Q1 Form 10-Q Financial Statement

#000188368522000016 Filed on May 06, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DKNG
DraftKings Inc. Stock $dkng