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DraftKings Inc. DKNG Online gaming — Revenue

Discontinued — last reported Q3 '24

Other product segments

Sportsbook
$1.09B+24.1%
iGaming
$461.3M+8.9%

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FLUTSportsbook — Revenue
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WYNNWynn Interactive — Total operating revenues
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FLUTUS — Revenue
$1.53B+39.2%

Other financials

Income statement

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Revenue$1.6B+16.8%
Gross profit$696.7M+23.3%
Operating income$5.8M+113%
Net income$21.1M+162%
EPS (diluted)$0.03+143%

Balance sheet

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Cash & equivalents$1.4B-10.2%
Total debt$664.0M-0.6%
Total equity$605.0M-30.7%
Total assets$4.3B-4.6%

Cash flow

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Operating cash flow-$48.4M+59.3%
CapEx$7.1M+168%
Free cash flow-$55.5M+54.4%

Valuation

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Market cap$13.09B-35.4%
Enterprise value$12.37B-36.4%
P/E223.3×
P/S2.1×-2.0×

Profitability

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Gross margin41.8%+3.5pp
Operating margin-5.6%-1.9pp
Net margin0.9%+0.5pp
FCF margin11.3%+4.2pp

Returns & leverage

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Return on equity7.9%+4.3pp
Debt / equity1.1×+0.3×
Current ratio-0.2×

Where this comes from

Reported directly by DraftKings Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The official record: DraftKings Inc.’s 10-Q, filed November 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is DraftKings Inc.'s online gaming — revenue?
DraftKings Inc. (DKNG) reported online gaming — revenue of $1.08B in Q3 2024.
How has DraftKings Inc.'s online gaming — revenue changed year-over-year?
DraftKings Inc.'s online gaming — revenue increased by 41.1% year-over-year, from $768.27M to $1.08B.
What is the long-term trend for DraftKings Inc.'s online gaming — revenue?
Over 2 years (2021 to 2023), DraftKings Inc.'s online gaming — revenue has grown at a 76.2% compound annual growth rate (CAGR), from $1.15B to $3.56B.
What does online gaming — revenue mean?
The total income earned from online sports betting and digital casino games.
How do you interpret online gaming — revenue?
An increase indicates successful user acquisition, higher platform engagement, or expansion into new legal markets, while a decrease may signal increased competition, regulatory headwinds, or reduced consumer spending.
How does online gaming — revenue compare across companies?
Peers in the digital gaming and sports betting industry report similar figures, often categorized as 'iGaming' or 'Online Sportsbook' revenue, which are compared based on market share and state-level legalization progress.