$DKNG
DraftKings Inc.

2022 Q2 Form 10-Q Financial Statement

#000188368522000026 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $466.2M $417.2M $473.3M
YoY Change 56.65% 33.6% 46.9%
Cost Of Revenue $312.8M $313.4M $253.2M
YoY Change 67.25% 71.04% 58.93%
Gross Profit $153.4M $103.8M $220.1M
YoY Change 38.72% -19.55% 35.14%
Gross Profit Margin 32.91% 24.89% 46.51%
Selling, General & Admin $385.1M $538.1M $519.3M
YoY Change 4.23% 35.3% 20.39%
% of Gross Profit 251.04% 518.23% 235.87%
Research & Development $77.20M $81.35M $69.64M
YoY Change 23.26% 44.75% 5.35%
% of Gross Profit 50.32% 78.35% 31.63%
Depreciation & Amortization $42.32M $32.23M $32.54M
YoY Change 40.81% 14.3% 18.58%
% of Gross Profit 27.58% 31.04% 14.78%
Operating Expenses $385.1M $538.1M $588.9M
YoY Change 4.23% 35.3% 36.54%
Operating Profit -$308.9M -$515.6M -$368.8M
YoY Change -3.93% 58.74% 37.39%
Interest Expense $1.929M $148.0K $12.84M
YoY Change 17.48% -85.2% 969.75%
% of Operating Profit
Other Income/Expense, Net -$5.573M $37.88M $32.97M
YoY Change 39.11%
Pretax Income -$298.3M -$464.9M -$322.9M
YoY Change -1.54% 32.52% 20.86%
Income Tax -$81.23M $469.0K $6.615M
% Of Pretax Income
Net Earnings -$217.1M -$467.7M -$326.3M
YoY Change -28.94% 35.04% 22.48%
Net Earnings / Revenue -46.57% -112.1% -68.94%
Basic Earnings Per Share -$0.50 -$1.14
Diluted Earnings Per Share -$0.50 -$1.14 -$801.7K
COMMON SHARES
Basic Shares Outstanding 437.0M shares 411.1M shares
Diluted Shares Outstanding 437.0M shares 411.1M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.941B $2.238B $2.630B
YoY Change -34.46% -28.37% 24.93%
Cash & Equivalents $1.514B $1.773B $2.153B
Short-Term Investments
Other Short-Term Assets $95.25M $56.56M $25.68M
YoY Change 280.97% 272.12% 75.86%
Inventory
Prepaid Expenses
Receivables $45.06M $48.21M $45.86M
Other Receivables $56.82M $55.95M $51.95M
Total Short-Term Assets $2.138B $2.398B $2.753B
YoY Change -30.07% -25.32% 25.48%
LONG-TERM ASSETS
Property, Plant & Equipment $53.93M $49.73M $46.02M
YoY Change -52.57% -57.13% -57.74%
Goodwill $894.0M $615.7M $615.7M
YoY Change
Intangibles $810.5M $523.0M $535.0M
YoY Change
Long-Term Investments $8.796M $7.474M $9.825M
YoY Change 77.3% 166.93% 227.5%
Other Assets $171.5M $90.80M $45.38M
YoY Change 1437.76% 993.92% 497.07%
Total Long-Term Assets $2.016B $1.348B $1.316B
YoY Change 54.86% 5.99% 5.68%
TOTAL ASSETS
Total Short-Term Assets $2.138B $2.398B $2.753B
Total Long-Term Assets $2.016B $1.348B $1.316B
Total Assets $4.154B $3.746B $4.069B
YoY Change -4.71% -16.44% 18.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $414.7M $379.3M $387.7M
YoY Change 40.76% 28.43% 73.41%
Accrued Expenses $5.726M $12.91M $12.81M
YoY Change -56.91% -3.65% 0.11%
Deferred Revenue $84.67M $95.40M $91.55M
YoY Change 63.49% 127.97% 198.93%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $920.6M $912.9M $929.4M
YoY Change 42.29% 43.0% 67.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.250B $1.249B $1.248B
YoY Change 0.21% 0.16%
Other Long-Term Liabilities $54.37M $51.04M $49.27M
YoY Change -70.73% -75.24% -72.85%
Total Long-Term Liabilities $54.37M $51.04M $49.27M
YoY Change -96.21% -96.49% -72.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $920.6M $912.9M $929.4M
Total Long-Term Liabilities $54.37M $51.04M $49.27M
Total Liabilities $2.390B $2.361B $2.391B
YoY Change 10.98% 9.2% 195.86%
SHAREHOLDERS EQUITY
Retained Earnings -$4.439B -$4.222B -$3.754B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $324.1M $320.7M $306.6M
YoY Change
Treasury Stock Shares 8.177M shares 7.923M shares 7.130M shares
Shareholders Equity $1.764B $1.386B $1.679B
YoY Change
Total Liabilities & Shareholders Equity $4.154B $3.746B $4.069B
YoY Change -4.71% -16.44% 18.31%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$217.1M -$467.7M -$326.3M
YoY Change -28.94% 35.04% 22.48%
Depreciation, Depletion And Amortization $42.32M $32.23M $32.54M
YoY Change 40.81% 14.3% 18.58%
Cash From Operating Activities -$172.6M -$356.7M -$172.2M
YoY Change 74.99% 497.15% 78.33%
INVESTING ACTIVITIES
Capital Expenditures -$22.07M $8.614M -$20.05M
YoY Change 50.83% 260.57% 45.11%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$102.3M $989.0K -$56.27M
YoY Change 200.82% 2861.74%
Cash From Investing Activities -$124.4M -$23.07M -$76.33M
YoY Change 155.66% -55.58% 385.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.08M
YoY Change 350.8%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -218.0K -$12.31M 4.684M
YoY Change -106.94% -101.09% -99.41%
NET CHANGE
Cash From Operating Activities -172.6M -$356.7M -172.2M
Cash From Investing Activities -124.4M -$23.07M -76.33M
Cash From Financing Activities -218.0K -$12.31M 4.684M
Net Change In Cash -297.2M -$392.1M -243.9M
YoY Change 106.19% -138.48% -135.97%
FREE CASH FLOW
Cash From Operating Activities -$172.6M -$356.7M -$172.2M
Capital Expenditures -$22.07M $8.614M -$20.05M
Free Cash Flow -$150.5M -$365.3M -$152.2M
YoY Change 79.2% 488.05% 83.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EntityCentralIndexKey
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Year Focus
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2022
dei Document Fiscal Period Focus
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Q2
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
DRAFTKINGS INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
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87-2764212
dei Entity Address Address Line1
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222 Berkeley Street
dei Entity Address Address Line2
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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Class A Common Stock, $0.0001 par value
dei Trading Symbol
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dei Security Exchange Name
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1763884000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2631345000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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7638000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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151843000 usd
CY2021Q1 dkng Adjustments To Additional Paid In Capital Purchase Of Capped Call Options
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallOptions
123970000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
29399000 usd
CY2021Q1 dkng Stock Issued During Period Value Warrants Exercises
StockIssuedDuringPeriodValueWarrantsExercises
1761000 usd
CY2021Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
3124000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-27318000 usd
CY2021Q1 us-gaap Net Income Loss
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-346344000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2321230000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10816000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
171739000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3750000 usd
CY2021Q2 dkng Stock Issued During Period Value Warrants Exercises
StockIssuedDuringPeriodValueWarrantsExercises
2419000 usd
CY2021Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
6773000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
7697000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2205352000 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
74540000 usd
us-gaap Depreciation Amortization And Accretion Net
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58244000 usd
us-gaap Paid In Kind Interest
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931000 usd
us-gaap Paid In Kind Interest
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775000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
322598000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
323582000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2429000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-347000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-26996000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
9996000 usd
dkng Equity Securities Fvni And Other Financial Assets Gain Loss
EquitySecuritiesFVNIAndOtherFinancialAssetsGainLoss
31808000 usd
dkng Equity Securities Fvni And Other Financial Assets Gain Loss
EquitySecuritiesFVNIAndOtherFinancialAssetsGainLoss
0 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2667000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 usd
dkng Increase Decrease In Receivables Reserved For Users
IncreaseDecreaseInReceivablesReservedForUsers
2057000 usd
dkng Increase Decrease In Receivables Reserved For Users
IncreaseDecreaseInReceivablesReservedForUsers
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9765000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
993000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
47574000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9136000 usd
dkng Increase Decrease In Deposits And Other Non Current Assets
IncreaseDecreaseInDepositsAndOtherNonCurrentAssets
135000 usd
dkng Increase Decrease In Deposits And Other Non Current Assets
IncreaseDecreaseInDepositsAndOtherNonCurrentAssets
2944000 usd
dkng Increasedecreaseinoperatingleasesnet
Increasedecreaseinoperatingleasesnet
240000 usd
dkng Increasedecreaseinoperatingleasesnet
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-15659000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
73309000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
5003000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1883000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-5266000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
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3874000 usd
dkng Increase Decrease In Liabilities To Users
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-51195000 usd
dkng Increase Decrease In Liabilities To Users
IncreaseDecreaseInLiabilitiesToUsers
21204000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-529303000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-176375000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14457000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6221000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
29419000 usd
dkng Acquisition Of Gaming Licenses
AcquisitionOfGamingLicenses
6200000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
96507000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
64969000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3697000 usd
us-gaap Payments To Develop Software
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19489000 usd
dkng Acquisition Of Gaming Licenses
AcquisitionOfGamingLicenses
3388000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3700000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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-147468000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1247125000 usd
dkng Payments To Acquire Capped Call Options
PaymentsToAcquireCappedCallOptions
0 usd
dkng Payments To Acquire Capped Call Options
PaymentsToAcquireCappedCallOptions
123970000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
44000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
199000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17476000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9897000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4901000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18454000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12531000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1131911000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
824000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-689302000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
855781000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1940540000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2960757000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1514371000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2646500000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
426169000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
314257000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1940540000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2960757000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
460128000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
33149000 usd
dkng Increase In Accounts Payable And Accrued Expenses From Property And Equipment And Internally Developed Software Costs And Other Investments
IncreaseInAccountsPayableAndAccruedExpensesFromPropertyAndEquipmentAndInternallyDevelopedSoftwareCostsAndOtherInvestments
9425000 usd
dkng Increase In Accounts Payable And Accrued Expenses From Property And Equipment And Internally Developed Software Costs And Other Investments
IncreaseInAccountsPayableAndAccruedExpensesFromPropertyAndEquipmentAndInternallyDevelopedSoftwareCostsAndOtherInvestments
-114000 usd
dkng Increase In Accounts Payable And Accrued Expenses From Convertible Notes Financing Costs
IncreaseInAccountsPayableAndAccruedExpensesFromConvertibleNotesFinancingCosts
0 usd
dkng Increase In Accounts Payable And Accrued Expenses From Convertible Notes Financing Costs
IncreaseInAccountsPayableAndAccruedExpensesFromConvertibleNotesFinancingCosts
782000 usd
dkng Decrease Of Accounts Payable And Accrued Expenses From Gaming Licenses
DecreaseOfAccountsPayableAndAccruedExpensesFromGamingLicenses
0 usd
dkng Decrease Of Accounts Payable And Accrued Expenses From Gaming Licenses
DecreaseOfAccountsPayableAndAccruedExpensesFromGamingLicenses
4976000 usd
dkng Increase Of Other Current Assets From Transfer Agent Related To Warrants
IncreaseOfOtherCurrentAssetsFromTransferAgentRelatedToWarrants
0 usd
dkng Increase Of Other Current Assets From Transfer Agent Related To Warrants
IncreaseOfOtherCurrentAssetsFromTransferAgentRelatedToWarrants
494000 usd
dkng Increase Decrease In Cash Reserved For Users
IncreaseDecreaseInCashReservedForUsers
-50781000 usd
dkng Increase Decrease In Cash Reserved For Users
IncreaseDecreaseInCashReservedForUsers
26539000 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022Q2 dkng Number Of Jurisdictions With Legalized Sports Betting In Which Company Operates
NumberOfJurisdictionsWithLegalizedSportsBettingInWhichCompanyOperates
17 jurisdiction
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.
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
253967000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1063003000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
253967000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
809036000 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1064492000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
810525000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
725662000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
192640000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
533022000 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
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38100000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51900000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
615655000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
278364000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
894019000 usd
CY2022Q2 dkng Estimated Liability For Indirect Taxes
EstimatedLiabilityForIndirectTaxes
52700000 usd
CY2021Q4 dkng Estimated Liability For Indirect Taxes
EstimatedLiabilityForIndirectTaxes
47500000 usd
CY2022Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
13100000 usd
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
95402000 usd
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
41849000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
91554000 usd
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30627000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
84674000 usd
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
51791000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
84674000 usd
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
51791000 usd
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
51946000 usd
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20664000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
64478000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26613000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
466185000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
297605000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
883390000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
609881000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
466185000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
297605000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
883390000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
609881000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
53746000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
9906000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
12036000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
1806000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
954000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
52468000 shares
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
608400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2022Q2 dkng Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
3830000 usd
CY2022Q2 dkng Allocated Share Based Compensation Expense Share Based Awards Other Than Options
AllocatedShareBasedCompensationExpenseShareBasedAwardsOtherThanOptions
131691000 usd
CY2022Q2 dkng Total Adjusted Earnings Before Interest Taxes Depreciation And Amortization
TotalAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-118134000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
135521000 usd
CY2021Q2 dkng Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
4034000 usd
CY2021Q2 dkng Allocated Share Based Compensation Expense Share Based Awards Other Than Options
AllocatedShareBasedCompensationExpenseShareBasedAwardsOtherThanOptions
167705000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
171739000 usd
dkng Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
7694000 usd
dkng Allocated Share Based Compensation Expense Share Based Awards Other Than Options
AllocatedShareBasedCompensationExpenseShareBasedAwardsOtherThanOptions
314904000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
322598000 usd
dkng Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
6467000 usd
dkng Allocated Share Based Compensation Expense Share Based Awards Other Than Options
AllocatedShareBasedCompensationExpenseShareBasedAwardsOtherThanOptions
317115000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
323582000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-81226000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2404000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-80757000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2191000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.008
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.106
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003
CY2022Q2 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-76800000 usd
CY2021Q1 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-6800000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
466185000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
297605000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
883390000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
609881000 usd
CY2021Q2 dkng Total Adjusted Earnings Before Interest Taxes Depreciation And Amortization
TotalAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-95302000 usd
dkng Total Adjusted Earnings Before Interest Taxes Depreciation And Amortization
TotalAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-407643000 usd
dkng Total Adjusted Earnings Before Interest Taxes Depreciation And Amortization
TotalAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
-234564000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42315000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30051000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74540000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58244000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1929000 usd
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1642000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2077000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2627000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-81226000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2404000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-80757000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2191000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
135521000 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
171739000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
322598000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
323582000 usd
CY2022Q2 dkng Transaction Related Costs
TransactionRelatedCosts
10505000 usd
CY2021Q2 dkng Transaction Related Costs
TransactionRelatedCosts
7890000 usd
dkng Transaction Related Costs
TransactionRelatedCosts
14279000 usd
dkng Transaction Related Costs
TransactionRelatedCosts
10913000 usd
CY2022Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
2446000 usd
CY2021Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
3599000 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
4396000 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
4221000 usd
CY2022Q2 dkng Advocacy And Other Related Legal Expenses
AdvocacyAndOtherRelatedLegalExpenses
0 usd
CY2021Q2 dkng Advocacy And Other Related Legal Expenses
AdvocacyAndOtherRelatedLegalExpenses
11035000 usd
dkng Advocacy And Other Related Legal Expenses
AdvocacyAndOtherRelatedLegalExpenses
0 usd
dkng Advocacy And Other Related Legal Expenses
AdvocacyAndOtherRelatedLegalExpenses
11035000 usd
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-14315000 usd
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-16984000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-26996000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
9996000 usd
CY2022Q2 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
5652000 usd
CY2021Q2 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
2132000 usd
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
-28830000 usd
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
4133000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-217103000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-305526000 usd
us-gaap Net Income Loss
NetIncomeLoss
-684796000 usd
us-gaap Net Income Loss
NetIncomeLoss
-651870000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-217103000 usd
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401447000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
401447000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
424121000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
424121000 shares
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-305526000 usd
us-gaap Net Income Loss
NetIncomeLoss
-684796000 usd
us-gaap Net Income Loss
NetIncomeLoss
-651870000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
437033000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
437033000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399545000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
399545000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.76
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.63
CY2022Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8500000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8500000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9909000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8362000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
73137000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69566000 shares
CY2021Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 usd
CY2022Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
500000 usd
CY2021Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1700000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1100000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3100000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5679000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4229000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
867000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1073000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
982000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1879000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1683000 usd
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
230000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1323000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
440000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3078000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
93000 usd
us-gaap Sublease Income
SubleaseIncome
460000 usd
us-gaap Sublease Income
SubleaseIncome
204000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
7845000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
5558000 usd
us-gaap Lease Cost
LeaseCost
14406000 usd
us-gaap Lease Cost
LeaseCost
10708000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
8489000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
8687000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21338000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2413000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8030000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11110000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15862000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13931000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12309000 usd
CY2022Q2 dkng Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
48683000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
109925000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26023000 usd
CY2022Q2 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
431068000 usd
CY2022Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
383967000 usd
CY2022Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
292138000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
83902000 usd
CY2022Q2 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
267708000 usd
CY2022Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
179888000 usd
CY2022Q2 dkng Other Commitment To Be Paid Due After Year Four
OtherCommitmentToBePaidDueAfterYearFour
358772000 usd
CY2022Q2 us-gaap Other Commitment
OtherCommitment
1913541000 usd

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