About DraftKings
DraftKings is a company based in Boston (United States) founded in 2012.. DraftKings has raised $718.6 million across 9 funding rounds from investors including National Hockey League, Major League Soccer and Fox Sports. The company has 5,100 employees as of December 31, 2024. DraftKings has completed 12 acquisitions, including BlueRibbon, DraftStreet and GNOG. DraftKings operates in a competitive market with competitors including FanDuel, Dream Sports, MPL, Underdog Fantasy and GreenPark Sports, among others.
- Headquarter Boston, United States
- Employees 5100 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Draftkings Inc.
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Annual Revenue
$4.77 B30.07as on Dec 31, 2024
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Net Profit
$-507.29 M36.76as on Dec 31, 2024
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EBITDA
$-230.51 M58.07as on Dec 31, 2024
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Total Equity Funding
$718.6 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
National Hockey League
& 19 more
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Employee Count
5100
as on Dec 31, 2024
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Investments & Acquisitions
BlueRibbon
& 11 more
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IPO & Listings of DraftKings
DraftKings is a publicly listed company on the NASDAQ with ticker symbol DKNG in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
269 people
Sales and Marketing
80 people
Data Analysis and Operations Team
79 people
Product Management Team
68 people
Senior Team
55 people
Leadership Team
48 people
Legal and Compliance
39 people
Human Resources and Administration
32 people
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Funding Insights of DraftKings
DraftKings has successfully raised a total of $718.6M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(18 Jul 2012)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Post-IPO - DraftKings | Valuation |
investors |
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| Mar, 2017 | Amount | Series E - DraftKings | Valuation | Eldridge Industries |
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| Sep, 2016 | Amount | Series E - DraftKings | Valuation | Revolution |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DraftKings
DraftKings has secured backing from 20 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include National Hockey League, Major League Soccer and Fox Sports. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Holding company investing in insurance, asset management, technology, mobility, sports, music, real estate, and consumer sectors
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in life science and biotechnology sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DraftKings
DraftKings has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include BlueRibbon, DraftStreet and GNOG. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Risk management, price discovery, and data solutions are provided.
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2021 | ||||
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AI-enabled micro-betting management solutions for sports are provided.
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2018 | ||||
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AI-enabled betting management solutions are offered for sports leagues.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DraftKings
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Draftkings Comparisons
Competitors of DraftKings
DraftKings operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FanDuel, Dream Sports, MPL, Underdog Fantasy and GreenPark Sports, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of a fantasy platform for multiple sports
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| domain | founded_year | HQ Location |
Operator of a multifaceted platform for sports content and experiences
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| domain | founded_year | HQ Location |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
Developer of an online fantasy sports platform
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| domain | founded_year | HQ Location |
Provider of a mobile app for multiple fantasy sports
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Draftkings
Frequently Asked Questions about DraftKings
When was DraftKings founded?
DraftKings was founded in 2012.
Where is DraftKings located?
DraftKings is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is DraftKings a funded company?
DraftKings is a funded company, having raised a total of $718.6M across 9 funding rounds to date. The company's 1st funding round was a Series E of $153.77M, raised on Jul 18, 2012.
How many employees does DraftKings have?
As of Dec 31, 2024, the latest employee count at DraftKings is 5,100.
What is the annual revenue of DraftKings?
Annual revenue of DraftKings is $4.77B as on Dec 31, 2024.
What does DraftKings do?
DraftKings was founded in 2012 in Boston, United States, as a provider of online fantasy sports platforms. Daily leagues are offered for various sports, including esports, football, baseball, and basketball. Operations focus on user engagement through these digital services, primarily within the online gaming sector. The platform supports multiple sports categories to facilitate competitive fantasy experiences across the United States.
Who are the top competitors of DraftKings?
DraftKings's top competitors include FanDuel, Dream Sports and MPL.
Is DraftKings publicly traded?
Yes, DraftKings is publicly traded on NASDAQ under the ticker symbol DKNG.
How many acquisitions has DraftKings made?
DraftKings has made 12 acquisitions, including BlueRibbon, DraftStreet, and GNOG.
Who are DraftKings's investors?
DraftKings has 20 investors. Key investors include National Hockey League, Major League Soccer, Fox Sports, MLB, and Atlas Venture.
What is DraftKings's ticker symbol?
The ticker symbol of DraftKings is DKNG on NASDAQ.
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