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Private company

DraftKings Holdings Inc.

Miscellaneous amusement and recreation services company1

In its 2022 annual report the company says: “We are a digital sports entertainment and gaming company. We provide users with daily fantasy sports, sports betting and online casino opportunities, as well as media and other online consumer product offerings. We are also involved in the design, development, and licensing of sports betting and casino gaming software for online and retail sportsbook and casino gaming products.”33 It is headquartered in Boston, Massachusetts.1

Last updated Oct 21, 2026.

Overview

$1.3BRevenue, fiscal 20212
-$1.5BNet income, fiscal 20212
  • IndustryServices-Miscellaneous Amusement & Recreation1
  • HeadquartersBoston, Massachusetts1
  • Business address222 Berkeley Street, 5Th Floor, Boston, Ma 021163
  • Filer categoryLarge accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-120.5%Operating margin2
-117.5%Net margin2
110.9%Revenue growth, 20212
-90.7%Return on equity2
-$435.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue61¢$794.2M
  • Other costs38¢$493.6M
  • Income tax1¢$8.3M

Out of $1.3B in revenue.2 The company lost money this year.

Financial statements

Revenue42$1.3B in 2021+473% since 2018
0$500.0M$1.0B$1.5B2018: $226.3M$226.3M20182019: $323.4M$323.4M2019+43%2020: $614.5M$614.5M2020+90%2021: $1.3B$1.3B2021+111%
Operating income42-$1.6B in 2021+1934% since 2018
-$2.0B-$1.5B-$1.0B-$500.0M02018: -$76.8M-$76.8M20182019: -$146.5M-$146.5M2019+91%2020: -$843.3M-$843.3M2020+475%2021: -$1.6B-$1.6B2021+85%
Net income42-$1.5B in 2021+1898% since 2018
-$2.0B-$1.5B-$1.0B-$500.0M02018: -$76.2M-$76.2M20182019: -$142.7M-$142.7M2019+87%2020: -$1.2B-$1.2B2020+763%2021: -$1.5B-$1.5B2021+24%
Fiscal year20172018201920202021
Revenue$226.3M4$323.4M2$614.5M2$1.3B2
Cost of revenue$48.7M4$103.9M2$346.6M2$794.2M2
Operating income-$76.8M4-$146.5M2-$843.3M2-$1.6B2
Income before tax-$1.5B2
Income tax$105.0K4$58.0K2-$622.0K2$8.3M2
Net income-$76.2M4-$142.7M2-$1.2B2-$1.5B2
Earnings per share-$0.772-$4.032-$3.782
Earnings per share (diluted)-$0.772-$4.032-$3.782
Shares (weighted, basic)402.5M shares2
Shares (weighted, diluted)402.5M shares2

Compare DraftKings Holdings Inc. with another company

Corporate structure

DraftKings Holdings Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DraftKings Holdings Inc.

  • DraftKings Holdings Inc. Boston, Massachusetts

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DraftKings Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$86.4M2 Dec 31, 2021$58.3M2 Dec 31, 2020+48.3%
Accumulated depreciation$40.4M2 Dec 31, 2021$17.4M2 Dec 31, 2020+131.7%
Property and equipment, net$46.0M2 Dec 31, 2021$40.8M2 Dec 31, 2020+12.7%
Operating-lease assets (leased space)$63.8M2 Dec 31, 2021$68.1M2 Dec 31, 2020−6.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.2B2 Dec 31, 2021$1.8B2 Dec 31, 2020+18.5%
Stakes in other companies (equity method)$9.8M2 Dec 31, 2021$3.0M2 Dec 31, 2020+232.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$615.7M2 Dec 31, 2021$569.6M2 Dec 31, 2020+8.1%
Intangible assets, net (excluding goodwill)$535.0M2 Dec 31, 2021$555.9M2 Dec 31, 2020−3.8%
Finite-lived intangibles, gross$725.7M2 Dec 31, 2021$649.0M2 Dec 31, 2020+11.8%
Accumulated amortization$192.6M2 Dec 31, 2021$93.0M2 Dec 31, 2020+107.1%
Finite-lived intangibles, net$533.0M2 Dec 31, 2021$555.9M2 Dec 31, 2020−4.1%

Leadership

Who has led DraftKings Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey Sagansky2019

President

  1. Eli Baker2019

Chief financial officer

  1. Eli Baker2019
  2. Jason Park2020–2022
20202025
  • Chief executive officerJeffrey Sagansky May 10, 2019 to May 13, 20195
  • PresidentEli Baker May 10, 2019 to May 13, 20195
  • Chief financial officerJason Park Apr 27, 2020 to May 9, 20226
  • Chief financial officerEli Baker May 10, 2019 to May 13, 20195
Board members and other officers (22)

Former names

  • DraftKings Inc.Apr 27, 2020 to May 5, 20223
  • Diamond Eagle Acquisition Corp. \ DEApr 5, 2019 to Apr 24, 20203

Timeline

  1. May 5, 20228-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation25
  2. Apr 22, 20228-K Shareholder vote26
  3. Apr 1, 20228-K Other events27
  4. Mar 3, 20228-K Regulation FD disclosure28
  5. Feb 18, 20228-K Results of operations29
  6. Nov 5, 20218-K Results of operations30
  7. May 10, 2019New chief executive Jeffrey Sagansky becomes CEO5

Calendar

When it reported results

  1. Feb 18, 2022Reported quarterly or annual results29
  2. Nov 5, 2021Reported quarterly or annual results30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

164 filings to the SEC since October 2021: 2 annual reports, 3 quarterly reports, 6 major events, 131 insider forms, 2 large holders, 20 other. The latest 20:

  1. Jun 17, 2024144 EDGAR
  2. Jan 29, 2024144 EDGAR
  3. Jan 29, 2024144 EDGAR
  4. Jan 29, 2024144 EDGAR
  5. May 16, 202215-12B EDGAR
  6. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  7. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  8. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  9. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  10. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  11. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  12. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  13. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  14. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  15. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  16. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  17. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  18. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  19. May 9, 20224 OWNERSHIP DOCUMENT EDGAR
  20. May 5, 2022S-8 POS EDGAR

The 164 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 8 buys and 23 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 16, 2022Robins JasonSee RemarksSale320,356$17.38$5.6MForm 4
Mar 15, 2022Robins JasonSee RemarksSale338,027$15.58$5.3MForm 4
Mar 14, 2022SLOAN HARRYDirectorBuy50,000$15.39$769.5KForm 4
Mar 14, 2022Nada Hany MDirectorBuy65,000$15.34$997.1KForm 4
Mar 9, 2022Kalish MatthewSee RemarksSale280,887$17.83$5.0MForm 4
Mar 8, 2022Nada Hany MDirectorBuy50,000$17.45$872.5KForm 4
Mar 8, 2022Kalish MatthewSee RemarksSale295,579$17.60$5.2MForm 4
Mar 2, 2022Nada Hany MDirectorBuy50,000$23.28$1.2MForm 4
Mar 2, 2022Liberman PaulSee RemarksSale290,394$22.82$6.6MForm 4
Mar 1, 2022Bradbury ErikChief Accounting OfficerSale13,632$23.84$325.0KForm 4
Mar 1, 2022Liberman PaulSee RemarksSale279,102$24.03$6.7MForm 4
Feb 24, 2022Dodge R StantonChief Legal OfficerSale191,501$19.77$3.8MForm 4
Feb 23, 2022SLOAN HARRYDirectorBuy40,000$20.05$802.0KForm 4
Feb 23, 2022Park JasonChief Financial OfficerSale199,081$20.26$4.0MForm 4
Dec 14, 2021MURRAY STEVEN JOSEPHDirectorSale30,707$27.92$857.3KForm 4
Nov 19, 2021MURRAY STEVEN JOSEPHDirectorBuy10,000$36.66$366.6KForm 4
Nov 18, 2021Levin WoodrowDirectorBuy7,000$36.81$257.7KForm 4
Nov 16, 2021SLOAN HARRYDirectorBuy50,000$39.52$2.0MForm 4
Nov 12, 2021Kalish MatthewSee RemarksSale96,153$40.59$3.9MForm 4
Nov 12, 2021Robins JasonSee RemarksSale333,333$40.59$13.5MForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How DraftKings Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDraftKings Holdings Inc.1
  • CIK0001772757
  • Employer ID (EIN)84-40524411
  • Filer statusLarge accelerated filer1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address222 Berkeley Street, 5Th Floor, Boston, MA 021161
  • Phone(617) 986-67441
  • Public float$19.2B as of Jun 30, 20212
  • On EDGAR sinceApr 5, 20191
  • Filings622 in all: 4 (355), 8-K (49), 424B3 (36), 3 (23), 425 (16), CORRESP (13), 4/A (12), UPLOAD (12)1
    All 42 form types

    EFFECT (10), 5 (9), 10-Q (8), SC 13G (7), 144 (6), POS AM (6), S-1/A (5), S-4/A (5), SC 13D/A (5), S-1 (4), 10-K (3), 424B4 (3), DEFA14A (3), DRS (3), SC 13G/A (3), 10-K/A (2), 10-Q/A (2), 25-NSE (2), DEF 14A (2), POS EX (2), S-1MEF (2), SC 13D (2), 15-12B (1), 25 (1), 8-A12B (1), 8-A12B/A (1), 8-K/A (1), 8-K12B (1), CERT (1), DEFM14A (1), DEFM14C (1), S-4 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2022
    Quarterly report (10-Q) Nov 5, 2021
    Proxy statement (DEF 14A) Feb 28, 2022
    Latest 8-K (8-K) May 5, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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