DraftKings is a digital sports entertainment company operating daily fantasy sports contests, legal sports wagering, and online casino gaming. The company combines real-time statistics, mobile-first design, and live-settlement contests to deliver multi-sport gaming experiences. Following PASPA repeal in 2018, DraftKings expanded from daily fantasy sports into regulated online sports betting and iGaming, listing publicly in 2020.
DraftKings is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
5,001–10,000
Total Funding
$909.37M
9 rounds
Last Private Valuation
$1.2B
Jul 1, 2015
Announced company-wide layoffs (~5% of workforce) and reorganization despite 43% YoY Q4 revenue growth.
Cost discipline funding pivot to prediction markets; limited near-term liquidity signal.
Co-founder Matt Kalish to step down as President, DraftKings North America, effective March 31, 2026, staying on board.
Founding-team executive exit; watch for further leadership reshuffling.
Acquired Railbird, a CFTC-designated derivatives exchange, to enter prediction markets.
New regulated product line; strategic diversification beyond sports betting/DFS.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $909.37M across 9 rounds
Last updated 09-21-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Dec 16, 2019 | Convertible Notes | $109M | — | Not disclosed |
| Aug 2018 | Series F | $152M | — | Not disclosed |
| Mar 2017 | Series E-1 Forbes | $121M | — | Eldridge Industries |
Jason D. Robins
Co-Founder, Chief Executive Officer and Chairman
Paul Liberman
Co-Founder, President, Global Technology and Product / Director
Alan Ellingson
Chief Financial Officer and Principal Accounting Officer
Jason Park
Chief Transformation Officer
R. Stanton Dodge
Chief Legal Officer and Secretary
Matthew Kalish
Co-Founder and Director; stepped down as President, DraftKings North America, effective March 31, 2026
Harry Evans Sloan
Vice Chairman of the Board
Competitor list is illustrative and may be incomplete, stale, or erroneous.
FanDuel
Leading U.S. sportsbook operator with 44% market share in gross gaming revenue as of Q1 2026. FanDuel operates daily fantasy sports and regulated online sports betting nationally.
BetMGM
Third-largest U.S. sportsbook with approximately 14% market share. Operates regulated online sports betting and casino gaming across multiple jurisdictions.
Caesars Sportsbook
Regional sportsbook operator with approximately 4.17% market share. Operates under the Caesars Entertainment brand with regulated sports betting and gaming.
Fanatics Sportsbook
Emerging sportsbook competitor with 5.14% market share. Leverages Fanatics' sports merchandise and apparel brand to compete in online sports betting.
DraftKings completed a three-way business combination with Diamond Eagle Acquisition Corp. (SPAC) and SBTech Global Ltd., closing on April 24, 2020. The combined company began trading on the Nasdaq Global Select Market under ticker DKNG with an anticipated equity value of $3.3 billion and over $500 million in unrestricted cash. The company achieved profitability in 2025 with $6.055 billion in revenue and $620 million in adjusted EBITDA.
DraftKings shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
DraftKings had a valuation of approximately $1.2B at the time of its public offering. Current market capitalization fluctuates with the share price.
DraftKings raised $909.37M across 9 disclosed funding rounds prior to its public listing.
DraftKings was co-founded by Jason D. Robins, Paul Liberman, and Matthew Kalish in 2012.
DraftKings is headquartered in Boston, Massachusetts, United States.
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