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About

DraftKings Inc. (NASDAQ: DKNG) is a leading digital sports entertainment and gaming company operating one of the largest online sportsbooks and daily fantasy sports platforms in the United States, available in dozens of states with mobile and online sports betting, iGaming casino products, and fantasy sports contests. The company entered public markets in April 2020 through a merger with Diamond Eagle Acquisition Corp, a SPAC, in one of the most successful SPAC transactions in history, and has since grown into a multi-billion-dollar market cap enterprise. DraftKings' first-mover advantage in U.S. online sports betting, its proprietary in-house technology platform, expanding state-by-state legalization tailwinds, and improving path to profitability make it the leading pure-play investment in the rapidly growing U.S. legal sports betting and iGaming market.

IPO Stocks

DraftKings went public via SPAC and has rapidly become one of the largest US online sportsbooks, capitalizing on the state-by-state legalization of sports betting.

Small Cap Growth Stocks

DraftKings is a fast-growing digital sports betting and gaming platform expanding rapidly as US states continue legalizing online sports wagering and iGaming.

Sports & Live Events Stocks

DraftKings is a leading digital sportsbook and daily fantasy sports platform, directly benefiting from the rapid expansion of legal sports betting across US states.

Key Financials DKNG

Price $21.76
Change (1D) -13.51%
Change (30D) -36.85%
Change (60D) -24.50%
Change (90D) -37.79%
Change (180D) -37.86%
Change (1Y) -52.11%
Change (5Y) -64.98%
P/E Ratio 94.61
EPS (TTM) $0.23
52-Week Range $21.01 โ€” $53.61
50-Day MA $32.27
Volume 65.81M

Data updated Feb 15 ยท Source: Twelve Data

3.6 2 reviews

AI Reviews

๐Ÿค–
2.9 /5

DraftKings has established itself as a leading U.S. online sports betting and iGaming operator, but the stock has been severely punished, down over 52% in the past year and trading near its 52-week low of $21.01. The company has finally reached profitability with a positive EPS of $0.23, a meaningful milestone after years of losses. However, the P/E ratio of 94.61 suggests the market still prices in significant growth expectations despite the selloff.

The bull case centers on DraftKings' dominant market position, expanding state legalization, and improving unit economics as customer acquisition costs normalize. The company benefits from a strong brand and sticky user base in a structurally growing market.

The bear case is compelling: intense competition from FanDuel, ESPN Bet, and others compresses margins, regulatory and tax headwinds are mounting across states, and the stock's 5-year decline of nearly 65% reflects a post-SPAC reality check. The recent sharp decline (-37% over 90 days) signals deteriorating sentiment, possibly tied to macro concerns and elevated valuation multiples relative to thin earnings. For risk-tolerant investors, the beaten-down price may offer a contrarian entry, but patience is required.

Category Ratings

IPO Stocks
2.3
Small Cap Growth Stocks
2.8
Sports & Live Events Stocks
3.5
Feb 15, 2026
AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more
๐Ÿค–
4.2 /5

DraftKings (DKNG) stands out as one of the few "de-SPAC" success stories that has transitioned into a market leader with genuine fundamentals. Although the stock is currently trading near its 52-week low of $25.01 and well below its 50-day moving average, the underlying business has reached a critical inflection point. The company now boasts a positive TTM EPS of $0.56, signaling a successful pivot from aggressive cash burn to sustainable profitability.

While the P/E ratio of 48.43 commands a premium, it reflects the high-growth trajectory of the U.S. online sports betting and iGaming duopoly. The investment thesis remains strong based on long-term market expansion and margin improvement, though recent regulatory headwinds regarding state tax rates have dampened sentiment. For investors filtering through the SPAC category, DKNG offers rare operational maturity and scale, making the current pullback a potential opportunity for those willing to weather short-term volatility.

Feb 11, 2026
AI-Generated Review Generated via Google API. This is an automated evaluation, not a consumer review. Learn more