DraftKings (NASDAQ: DKNG) is a prominent United States-based sports betting and online gambling company that has adopted this industry for the last decade. This article provides a clear overview of this company’s stock and overall performance with trends and forecasts.
DraftKings Inc. (NASDAQ: DKNG)
Draftkings Inc. is the leading online sports betting company that operates digitally. DraftKings sponsors sports tournaments and partnerships with the matches and this is the biggest source of advertisement and revenue.
DraftKings was established in 2011 and its headquarters is in Boston, Massachusetts (United States). The founders of this company are Jason Robins, Paul Liberman, and Matthew Kalish, and the market capital is 18.22B USD.
| DraftKings Inc. Overview | |
| Details | Information |
| Stock Name | DraftKings Inc |
| Stock Symbol | DKNG |
| Stock Exchange | NASDAQ |
| Market Cap | 18.70B USD |
| Founder | Jason Robins, Paul Liberman, Matthew Kalish |
| Founded Year | 2011 |
| Headquarter | Boston, Massachusetts, United States |
Fundamentals Of the DraftKings Stock
The average volume of this share is 7.52M, and yearly revenue growth is 63.60% which is well and good and also a positive signal for the investors. The return on equity is -41.33% and the net income is also in bad condition which is -802.14M$.
| Company | Data |
| AVG Volume | 7.52M |
| Revenue Growth % (Yearly) | 63.60% |
| Net Income | -802.14M |
| ROE | -41.33% |
| EPS | -0.41 |
| P/B Ratio | 23.30 |
| P/E Ratio | – |
| Dividend Yield | – |
| Total Equity | 840.31M |
| Net profit margin | -21.88 |
| EBITDA Margin | -584.25M |
| Effective tax rate | -1.28% |
DKNG Stock Price History Chart
DraftKings launched its IPO in Aug 2019 and listing on the NASDAQ stock exchange. This stock started at $90.78 per share and after just 2 years of listing, this stock touched its historical price which was $71 per share.
| Time | Per Share Value (USD) |
| Previous close | $37.36 |
| Day Range | $37.48 – $38.89 |
| Before 5D | $37.27 |
| Before 1M | $42.48 |
| Before 6M | $36.64 |
| Before 1Y | $35.57 |
| 52 Week Range | $28.69 – $49.57 |
| Before 5Y | $12.39 |
| All time Max | $71.98 |
| All time lowest | $9.76 |
| Starting | $11.50 |
Major Shareholders of DraftKings Stock
Vanguard Fiduciary Trust Co. and BlackRock Advisors LLC are the largest shareholders of this company which holds 8.72 % and 5.83 % shares.
The Wellington Trust Co. and T. Rowe Price Investment Management, Inc. are the second largest shareholders of this stock holding 4.75 % and 3.67 % respectively.
| Shareholder | Shares % |
| Vanguard Fiduciary Trust Co. | 8.72 % |
| BlackRock Advisors LLC | 5.83 % |
| Wellington Trust Co., NA | 4.75 % |
| T. Rowe Price Investment Management, Inc. | 3.67 % |
| State Street Corporation | 1.95 % |
Coming 1 to 10-Year DraftKings Stock Forecast Chart
After deeply analyzing and combining analyst opinions, we provide a stock price forecast of DraftKings stock for the upcoming 10 years.
| Year | Minimum Per Stock Value | Maximum Per Stock Value |
| 1 Year | $ 31.47 | $52.67 |
| 2 Year | $21.56 | $31.79 |
| 3 Year | $22.59 | $37.98 |
| 4 Year | $32.57 | $43.09 |
| 5 Year | $31.28 | $48.76 |
| 6 Year | $34.50 | $40.25 |
| 7 Year | $35.48 | $52.36 |
| 8 Year | $47.23 | $59.92 |
| 9 Year | $58.05 | $69.74 |
| 10 Year | $52.46 | $72.57 |
DraftKings Stock Prediction 2025
DraftKings stock prediction for 2025 is expected to be $52.67 per share which is the maximum stock price. DraftKings is expected to expand in the sector of legal betting sports in the entire United States.
| Year | 2025 |
| Minimum Per Stock Price | $31.47 |
| Maximum Per Stock Price | $52.67 |
| Average Per Stock Price | $32.07 |
DraftKings Stock Forecast 2026
DraftKings is expected to have more states open the door for online gambling and betting so the result is the revenue of DraftKings will increase. So the stock price forecast of DraftKings for the year 2026 is estimated to be $21.56 to $31.79 per share.
| Year | 2026 |
| Minimum Per Stock Price | $21.56 |
| Maximum Per Stock Price | $31.79 |
| Average Per Stock Price | $26.63 |
DraftKings Stock Forecast 2027
DraftKings will expand towards Canada, Latin America, and Europe so this is also a way to increase the revenue of this company with advanced technology like blockchain-based betting. So DKNG stock price forecast for 2027 is expected to the $37.98 per share.
| Year | 2027 |
| Minimum Per Stock Price | $22.59 |
| Maximum Per Stock Price | $37.98 |
| Average Per Stock Price | $30.23 |
DraftKings Stock Forecast 2030
DraftKings stock forecast for 2030 is expected to be $34.50 to $40.25 per share because of the global expansion also introduction of the non-sports betting system.
| Year | 2030 |
| Minimum Per Stock Price | $34.50 |
| Maximum Per Stock Price | $40.25 |
| Average Per Stock Price | $37.37 |
DraftKings Stock Forecast Price Chart 2025 to 2035
Here are the yearly price forecast and prediction of DKNG stock from 2025 to 2035. You can in the table below and get an idea of the investment on DraftKings stock.
| Year | Minimum Per Stock Value | Maximum Per Stock Value |
| 2025 | $ 31.47 | $52.67 |
| 2026 | $21.56 | $31.79 |
| 2027 | $22.59 | $37.98 |
| 2028 | $32.57 | $43.09 |
| 2029 | $31.28 | $48.76 |
| 2030 | $34.50 | $40.25 |
| 2035 | $70.26 | $102.34 |
Influencing Key Factors of the DraftKings Stock
Several factors influence its growth, profitability, and overall market valuation, and all factors are presented in the below list.
Expansion of Legal Sports Betting: Currently many states of the United States have prevented sports betting but if the other states also allow this then this will be an opportunity for DraftKings.
Market Size: According to the various factors, the betting industry will reach 180 billion dollars in the year 2030. So if the industry grows then DKNG stock also will grow in the future.
Marketing Efforts: DraftKings already has a strong market effort to acquire new users which directly boosts the revenue and users of this company.
Loyalty Programs: DraftKings also hosts many types of loyalty programs that help the company retain users and this strategy helps for long-term growth.
Product Development: New and interesting products also attract users the engage in the app and websites.
Partnerships and Sponsorships: Partnerships with media and sports matches increase the revenue of the company and the result is the stock price of DraftKings is increases.
Last 5-Year Financial Data Chart of the DraftKings Stock
If we take a look at the revenue of this stock then the company generated a good yearly revenue which is continuously increasing but the net income of this company is not at a good level.
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It means DraftKings suffered huge losses in the last few years, the last year’s loss of the company was -$802.14M.
| Year | Revenue Of DKNG stock | Net income of DKNG stock | Total Assets of DKNG stock |
| 2019 | $323.41M | -$142.73M | $330.73M |
| 2020 | $614.53M | -$1.23B | $3.44B |
| 2021 | $1.30B | -$1.52B | $4.07B |
| 2022 | $2.24B | -$1.38B | $4.04B |
| 2023 | $3.67B | -$802.14M | $3.94B |
Challenges & Risks of DraftKings Stock
There are many types of challenges and risks also exist, you should know about these risks before the investments.
Regulatory Hurdles: The biggest challenge of this entire industry is strict government rules and regulations. If the regulations are unfavorable to the company then the revenue can be badly affected.
Economic Uncertainty: This is also a risk on the stock of DKNG because if inflation increases or any economic uncertainty happens then the stock will be affected.
Major Competitors: Besides DraftKings, there are also prominent players in this field like FanDuel, BetMGM, and Caesars, So the competition is also a risk for this company.
Conclusion
DraftKings has a good place in its industry and also record on the share market is well and good. DKNG stock performance is okay and DraftKings continuously invests a huge amount the innovate its platforms and launch new products.
But the negative point is the company generated good yearly revenue but not is in profit. But if you are looking for a long-term investment then you can go with this stock.
FAQs
Does DraftKings have stock?
Yes, DraftKings was launched its IPO in the year 2011 and listed on the NASDAQ stock exchange.
What will DraftKings stock be worth in 5 years?
DraftKings stock price forecast for the upcoming 5 years is estimated to be $40.25.
What is DraftKings stock prediction?
DraftKings stock price prediction for the upcoming years is expected to be $70.26 to $102 per share in the year 2035.
Is DraftKings a good investment for the long term?
Yes, DKNG stock can be profitable for long-term investments.
What factors will drive DraftKings’ stock growth by 2035?
Sponsorship of events, partnership with tournaments, media collaboration, and continuous innovation with AI and advanced technology can boost the stock price of DraftKings.
What risks should investors consider before investing in DraftKings?
Economic downturns, stick government rules and competition are the biggest challenges to the growth of this stock.