DraftKings Inc
NASDAQ:DKNG
Gross Margin
DraftKings Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
DraftKings Inc
NASDAQ:DKNG
|
16.6B USD |
38%
|
|
| IE |
|
Flutter Entertainment PLC
LSE:FLTR
|
31.2B GBP |
48%
|
|
| AU |
|
Aristocrat Leisure Ltd
ASX:ALL
|
41.2B AUD |
59%
|
|
| US |
|
Las Vegas Sands Corp
NYSE:LVS
|
25.8B USD |
46%
|
|
| SE |
|
Evolution AB (publ)
STO:EVO
|
172.1B SEK |
0%
|
|
| HK |
|
Galaxy Entertainment Group Ltd
HKEX:27
|
122.7B HKD |
38%
|
|
| MO |
|
Sands China Ltd
HKEX:1928
|
112.7B HKD |
40%
|
|
| ZA |
S
|
Sun International Ltd
JSE:SUI
|
10B Zac |
70%
|
|
| US |
|
MGM Resorts International
NYSE:MGM
|
9.5B USD |
46%
|
|
| US |
|
Wynn Resorts Ltd
NASDAQ:WYNN
|
8.9B USD |
44%
|
|
| ZA |
T
|
Tsogo Sun Gaming Ltd
JSE:TSG
|
8.7B Zac |
82%
|
DraftKings Inc
Glance View
DraftKings Inc. emerges from the vibrant crossroads of innovation and entertainment, where the love for sports blends seamlessly with the excitement of digital gaming. Established in 2012, DraftKings was born from the vision of three Boston-based entrepreneurs who wanted to elevate the sports experience beyond passive viewing by introducing daily fantasy sports competitions. Rather than waiting until the end of a sports season, fans could now engage with their favorite leagues on a daily basis, crafting lineups and earning points based on real-player performances. This model tapped into a growing market of sports aficionados eager for deeper immersion and interaction with the games they love. Fast forward to today, DraftKings has evolved into a leading player in the digital sports entertainment and gaming industry. With the legalization of sports betting across various states in the U.S., DraftKings expanded its offerings to include online sports wagering. This move allows users to place bets on an array of sports events directly from their smartphones or computers, blending the strategy of prediction with the thrill of real-time outcomes. The company generates revenue primarily through the conversion of user wagers into income, augmented by its offerings of daily fantasy sports contests and access fees. Furthermore, with a robust platform capable of supporting intense real-time interaction, DraftKings captures a dynamic slice of the market that not only seeks entertainment but also the potential for monetizable engagement, thus carving out a unique niche in the sports gaming landscape.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on DraftKings Inc's most recent financial statements, the company has Gross Margin of 38.1%.
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