DraftKings Inc.

What does DraftKings Inc. own?

DraftKings owns the DraftKings sportsbook, casino, DFS, Pick6, and Predictions products, plus Golden Nugget Online Gaming, Jackpocket, and VSiN.

Is DraftKings publicly traded?

Yes. It trades on Nasdaq under ticker DKNG, having gone public in April 2020 through a SPAC merger combined with the SBTech acquisition.

Who founded DraftKings?

Jason Robins, Matthew Kalish, and Paul Liberman founded the company in Boston in 2012 as a daily fantasy sports operator. Robins remains CEO.

Where is DraftKings headquartered?

222 Berkeley Street, Boston, Massachusetts. The company is incorporated in Nevada.

How many brands does DraftKings own?

The core portfolio includes roughly eight brands and product lines, concentrated in the US sports betting, casino, fantasy, and lottery categories.

Who owns DraftKings?

Public shareholders. Founders hold Class B shares with ten votes each, giving them enhanced voting influence, but no single shareholder controls the company.

What is DraftKings' revenue?

Fiscal 2025 revenue was $6.05 billion with the first full-year net income of $3.7 million. Fiscal 2026 guidance runs $6.5 billion to $6.9 billion.

Jason Robins, Matthew Kalish, and Paul Liberman founded DraftKings in Boston in 2012. The three had worked together at Vistaprint and started the company in a spare room above a paint store, building daily fantasy sports contests that compressed season-long fantasy leagues into one-day salary-cap games.

The 2014 to 2015 period made daily fantasy a mainstream product and simultaneously put it under regulatory threat. DraftKings and FanDuel poured hundreds of millions into television advertising, became two of the largest ad buyers in sports media, and attracted scrutiny from state attorneys general over whether the contests constituted gambling. A 2015 insider-play incident, in which a DraftKings employee won a large FanDuel contest, produced the industry's defining scandal and the first wave of state DFS licensing regimes. The companies announced a merger in 2016 and abandoned it in 2017 when the FTC moved to block the combination.

The Supreme Court's May 2018 Murphy v. NCAA decision ending the federal sports betting ban was the inflection point. DraftKings launched its sportsbook in New Jersey in August 2018, the first legal online sportsbook in the US outside Nevada, and rolled out state by state as legislatures acted.

In April 2020 the company went public through a three-way merger with the Diamond Eagle Acquisition Corp SPAC and sportsbook technology provider SBTech, a structure that simultaneously listed it on Nasdaq and gave it ownership of the platform it had been licensing. Going public during the pandemic sports shutdown turned out to be well-timed: legalization continued and the stock market rewarded growth-stage gambling names.

Acquisitions built the portfolio. Golden Nugget Online Gaming joined in 2022 for approximately $1.56 billion in stock, adding a casino-first customer base. Jackpocket, the leading US lottery courier, was acquired in 2024 for approximately $750 million. The company also launched Pick6 in the fantasy pick'em space to defend against underdog-format competitors.

Fiscal 2025 marked a profitability turning point: revenue reached $6.05 billion, up 27 percent, sportsbook handle hit $53.6 billion, and the company posted its first full-year GAAP net income of $3.7 million alongside record adjusted EBITDA. Sixteen million shares were repurchased during the year. DraftKings Predictions launched in late 2025 as a federally regulated prediction markets business, with management describing it as a major growth opportunity for fiscal 2026, when the company guided revenue to $6.5 billion to $6.9 billion and adjusted EBITDA to $700 million to $900 million.

DraftKings operates in one of America's most scrutinized industries, and its record reflects that. The 2015 DFS insider-play incident remains the foundational controversy even though the employee was cleared of using non-public data. The 2016 to 2017 proposed FanDuel merger ended after FTC opposition.

State-level compliance fines occur periodically, including a 2023 Massachusetts penalty for accepting prohibited in-state college bets. Responsible gambling scrutiny is a structural constant: advertising saturation, VIP host programs, and problem gambling costs draw ongoing legislative and academic attention across the entire category.

The newest scrutiny area is prediction markets: state gaming regulators in several jurisdictions have challenged DraftKings Predictions' authority to offer sports event contracts under CFTC rules, arguing they sidestep state gambling licensing. The legal conflict was unresolved as of late 2026 and represents the most consequential regulatory question facing the company.