DraftKings Inc
NASDAQ:DKNG
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DraftKings Inc
DraftKings Inc
Cost of Revenue
DraftKings Inc
Cost of Revenue Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Cost of Revenue | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
DraftKings Inc
NASDAQ:DKNG
|
Cost of Revenue
-$2.3B
|
CAGR 3-Years
-88%
|
CAGR 5-Years
-116%
|
CAGR 10-Years
N/A
|
|
|
Las Vegas Sands Corp
NYSE:LVS
|
Cost of Revenue
-$5.7B
|
CAGR 3-Years
-30%
|
CAGR 5-Years
4%
|
CAGR 10-Years
3%
|
|
|
MGM Resorts International
NYSE:MGM
|
Cost of Revenue
-$9.4B
|
CAGR 3-Years
-29%
|
CAGR 5-Years
-4%
|
CAGR 10-Years
-4%
|
|
|
Wynn Resorts Ltd
NASDAQ:WYNN
|
Cost of Revenue
-$4B
|
CAGR 3-Years
-20%
|
CAGR 5-Years
0%
|
CAGR 10-Years
-1%
|
|
|
Churchill Downs Inc
NASDAQ:CHDN
|
Cost of Revenue
-$1.7B
|
CAGR 3-Years
-20%
|
CAGR 5-Years
-15%
|
CAGR 10-Years
-8%
|
|
|
Light & Wonder Inc
NASDAQ:LNW
|
Cost of Revenue
-$935m
|
CAGR 3-Years
-16%
|
CAGR 5-Years
6%
|
CAGR 10-Years
-2%
|
|
DraftKings Inc
Glance View
DraftKings Inc. has emerged as a pioneering force in the rapidly expanding world of sports betting and online gaming. Founded in 2012, the company initially gained recognition as a leader in daily fantasy sports, providing an innovative platform where users could participate in short-term contests across a wide range of sports. The company rapidly transitioned to sports betting following the legalization of such activities in several U.S. states, positioning itself as one of the prominent players in this competitive landscape. With a user-friendly app and a robust marketing strategy, DraftKings has successfully built a loyal customer base, offering not just betting options but also a comprehensive gaming experience, including online casino games and an integrated sports betting ecosystem. For investors, DraftKings represents a unique opportunity to tap into the burgeoning online gaming market, which is projected to continue its upward trajectory as more states legalize sports betting. With a commitment to innovation, the company has invested heavily in technology and customer experience, enhancing its platform's functionality and expanding its offerings. DraftKings' strategic partnerships and comprehensive marketing campaigns have bolstered its visibility and brand reputation. As the company aims for profitability amid a growth-focused business model, its ability to capture market share and adjust to regulatory changes will be crucial. With a forward-looking approach and a track record of navigating the complexities of the sports betting arena, DraftKings stands out as a compelling option for investors seeking exposure to this dynamic and high-potential industry.
See Also
What is DraftKings Inc's Cost of Revenue?
Cost of Revenue
-2.3B
USD
Based on the financial report for Dec 31, 2023, DraftKings Inc's Cost of Revenue amounts to -2.3B USD.
What is DraftKings Inc's Cost of Revenue growth rate?
Cost of Revenue CAGR 5Y
-116%
Over the last year, the Cost of Revenue growth was -54%. The average annual Cost of Revenue growth rates for DraftKings Inc have been -88% over the past three years , -116% over the past five years .
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