Valued at a market cap of roughly $17 billion, DraftKings (DKNG) operates as a digital sports entertainment and gaming company. It offers online sports betting, daily fantasy sports, iGaming products including casino games, and retail sportsbooks across the U.S. and internationally. The Boston-based company also develops gaming software for operators, and provides digital lottery services and media content.
DKNG stock went public in 2019 and currently trades 55% below all-time highs. However, the stock has also gained over 150% in the last three years, driven by improving profit margins and steady revenue growth.
