FAQs
DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates. DraftKings posted fourth-quarter results that missed Wall Street's estimates on Thursday. The sports betting company saw 44% growth in revenue year-over-year. DraftKings also reported a 37% increase in monthly unique payers.
Why does DraftKings stock keep dropping? ›
Key Points
Illinois increased its tax on online gaming revenue, which will be a big hit to DraftKings. Taxes are a huge threat to DraftKings' improving bottom line.
Is DraftKings operating at a loss? ›
DraftKings (DKNG) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.87 per share a year ago.
Will DraftKings go back up? ›
DraftKings is benefiting from more states legalizing online sports betting. The next stage of the company's growth will be from becoming more profitable. The stock should be solidly higher in five years.
What is the revenue guidance for DraftKings? ›
DraftKings raised its fiscal 2024 revenue guidance to a range of $4.8 billion to $5 billion, up from a range of $4.65 billion to $4.9 billion. FactSet analysts are forecasting on average $4.82 billion.
What is the future for DraftKings? ›
DKNG Stock 12 Month Forecast
Based on 27 Wall Street analysts offering 12 month price targets for DraftKings in the last 3 months. The average price target is $53.29 with a high forecast of $60.00 and a low forecast of $35.00. The average price target represents a 27.03% change from the last price of $41.95.
How much will DraftKings stock be worth in 5 years? ›
DraftKings stock price stood at $43.00
According to the latest long-term forecast, DraftKings price will hit $50 by the middle of 2024 and then $75 by the end of 2025. DraftKings will rise to $85 within the year of 2026, $110 in 2027, $125 in 2028, $150 in 2030 and $200 in 2035.
Will DraftKings be profitable in 2024? ›
DraftKings anticipates its fiscal year 2024 revenue to come in at $4.5 billion to $4.8 billion. More importantly, however, it's expecting EBITDA of between $350 million and $450 million, putting it on a path to profitability for the year.
Will DraftKings ever make money? ›
Consensus from 30 of the American Hospitality analysts is that DraftKings is on the verge of breakeven. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$273m in 2025. Therefore, the company is expected to breakeven roughly 2 years from now.
Is DraftKings in debt? ›
Total debt on the balance sheet as of March 2024 : $1.34 B
According to DraftKings's latest financial reports the company's total debt is $1.34 B. A company's total debt is the sum of all current and non-current debts.
Vanguard owns the most shares of DraftKings (DKNG).
Is DKNG a good long term investment? ›
DKNG Signals & Forecast
The DraftKings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
What will DraftKings be worth in 2030? ›
Long-Term DraftKings Stock Price Predictions
| Year | Prediction | Change |
|---|
| 2027 | $ 223.60 | 417.00% |
| 2028 | $ 386.64 | 793.97% |
| 2029 | $ 668.56 | 1,445.80% |
| 2030 | $ 1,156.03 | 2,572.90% |
2 more rowsIf you have greater than $600 of net earnings during a calendar year, you can expect to receive an IRS Form 1099-Misc from DraftKings. This form will include all net earnings from the prior calendar year.
Does DraftKings report winnings to IRS? ›
Fantasy sports winnings of $600 or more are reported to the IRS. If it turns out to be your lucky day and you take home a net profit of $600 or more for the year playing on websites such as DraftKings and FanDuel, the organizers have a legal obligation to send both you and the IRS a Form 1099-MISC.
Who is DraftKings' competitor? ›
DraftKings and FanDuel have been rivals since the early days of daily fantasy sports. Sports betting has expanded into dozens of states following the 2018 demise of the Professional and Amateur Sports Protection Act (PASPA), and the two juggernauts still compete today.
Is DraftKings a good stock to buy right now? ›
Strong Revenue Growth
While Q4 results are expected sometime in mid February, DraftKings' performance through the first three quarters of 2023, coupled with its guidance for 2024 indicate that the positive story here remains intact.
Is there a problem with DraftKings? ›
Current Draftkings status is UP.
Why does DraftKings keep declining my withdrawal? ›
DraftKings withdrawal policies
Pending bonuses or any other types of promotional credit can't be withdrawn. In some rare scenarios, a withdrawal may be canceled due to limited gameplay in accordance with banking policies. Please contact our Customer Support Team for additional information and assistance.
What is the long term forecast for DKNG stocks? ›
- Class A quote is equal to 43.250 USD at 2024-06-20. Based on our forecasts, a long-term increase is expected, the "DKNG" stock price prognosis for 2029-06-15 is 142.197 USD. With a 5-year investment, the revenue is expected to be around +228.78%. Your current $100 investment may be up to $328.78 in 2029.
