Switch theme
Sign up to access all valuation multiples
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in 28 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
2011
5.1K+
LTM Revenue $5.4B
LTM EBITDA $460M
$18.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
DraftKings has a last 12-month revenue (LTM) of $5.4B and a last 12-month EBITDA of $460M.
In the most recent fiscal year, DraftKings achieved revenue of $4.8B and an EBITDA of -$319M.
DraftKings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See DraftKings valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $5.4B | XXX | $4.8B | XXX | XXX | XXX |
| Gross Profit | $2.2B | XXX | $1.8B | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $460M | XXX | -$319M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | -7% | XXX | XXX | XXX |
| EBIT | -$280M | XXX | -$609M | XXX | XXX | XXX |
| EBIT Margin | -5% | XXX | -13% | XXX | XXX | XXX |
| Net Profit | -$214M | XXX | -$507M | XXX | XXX | XXX |
| Net Margin | -4% | XXX | -11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $468M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, DraftKings's stock price is $36.
DraftKings has current market cap of $17.8B, and EV of $18.6B.
See DraftKings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18.6B | $17.8B | XXX | XXX | XXX | XXX | $-0.47 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, DraftKings has market cap of $17.8B and EV of $18.6B.
DraftKings's trades at 3.9x EV/Revenue multiple, and -58.3x EV/EBITDA.
Equity research analysts estimate DraftKings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
DraftKings has a P/E ratio of -83.4x.
See valuation multiples for DraftKings and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17.8B | XXX | $17.8B | XXX | XXX | XXX |
| EV (current) | $18.6B | XXX | $18.6B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.9x | XXX | XXX | XXX |
| EV/EBITDA | 40.4x | XXX | -58.3x | XXX | XXX | XXX |
| EV/EBIT | -66.5x | XXX | -30.6x | XXX | XXX | XXX |
| EV/Gross Profit | 8.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | -83.4x | XXX | -35.1x | XXX | XXX | XXX |
| EV/FCF | 40.6x | XXX | 62.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialDraftKings's last 12 month revenue growth is 26%
DraftKings's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.5M for the same period.
DraftKings's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
DraftKings's rule of X is 74% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for DraftKings and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | -7% | XXX | XXX | XXX |
| EBITDA Growth | 141% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 10% | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 27% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
DraftKings acquired XXX companies to date.
Last acquisition by DraftKings was XXXXXXXX, XXXXX XXXXX XXXXXX . DraftKings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was DraftKings founded? | DraftKings was founded in 2011. |
| Where is DraftKings headquartered? | DraftKings is headquartered in United States of America. |
| How many employees does DraftKings have? | As of today, DraftKings has 5.1K+ employees. |
| Who is the CEO of DraftKings? | DraftKings's CEO is Mr. Jason D. Robins. |
| Is DraftKings publicy listed? | Yes, DraftKings is a public company listed on NAS. |
| What is the stock symbol of DraftKings? | DraftKings trades under DKNG ticker. |
| When did DraftKings go public? | DraftKings went public in 2020. |
| Who are competitors of DraftKings? | Similar companies to DraftKings include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of DraftKings? | DraftKings's current market cap is $17.8B |
| What is the current revenue of DraftKings? | DraftKings's last 12 months revenue is $5.4B. |
| What is the current revenue growth of DraftKings? | DraftKings revenue growth (NTM/LTM) is 26%. |
| What is the current EV/Revenue multiple of DraftKings? | Current revenue multiple of DraftKings is 3.4x. |
| Is DraftKings profitable? | Yes, DraftKings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of DraftKings? | DraftKings's last 12 months EBITDA is $460M. |
| What is DraftKings's EBITDA margin? | DraftKings's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of DraftKings? | Current EBITDA multiple of DraftKings is 40.4x. |
| What is the current FCF of DraftKings? | DraftKings's last 12 months FCF is $458M. |
| What is DraftKings's FCF margin? | DraftKings's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of DraftKings? | Current FCF multiple of DraftKings is 40.6x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
