DraftKings (DKNG) Cost of Revenue (2021 - 2026)
DraftKings' (DKNG) quarterly Cost of Revenue came in at $891.8 million in Q2 2026, up 4.36% year-over-year from $854.6 million in Q2 2025, and down 6.07% quarter-over-quarter from $949.4 million in Q1 2026.
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DraftKings (DKNG) Cost of Revenue (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Cost of Revenue for 6 consecutive years, with $891.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 4.36% year-over-year to $891.8 million in Q2 2026; TTM through Jun 2026 was $3.7 billion, a 12.95% increase from a year earlier, with the FY2025 full-year figure at $3.6 billion, up 20.55% from the prior year.
- Cost of Revenue was $891.8 million for Q2 2026 at DraftKings, down from $949.4 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.1 billion in Q4 2025 and troughed at $312.8 million in Q2 2022.
- A 5-year average of $673.6 million and a median of $713.4 million in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue soared 118.27% in 2022 and rose 4.36% in 2026, its largest moves.
- Over 5 years, Cost of Revenue stood at $485.4 million in 2022, then surged by 47.63% to $716.7 million in 2023, then gained by 16.46% to $834.6 million in 2024, then rose by 28.74% to $1.1 billion in 2025, then decreased by 17.01% to $891.8 million in 2026.
- The last three Cost of Revenue figures came in at $891.8 million (Q2 2026), $949.4 million (Q1 2026), and $1.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.40 Bn | 22.34 Bn | 1.81 Bn | 1.35 Bn |
| 2 | DraftKings | 18.89 Bn | 17.90 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Flutter Entertainment | 14.91 Bn | 13.72 Bn | 1.71 Bn | 2.61 Bn |
| 4 | MGM Resorts International | 9.52 Bn | 7.83 Bn | 3.10 Bn | 1.35 Bn |
| 5 | Madison Square Garden Sports | 9.51 Bn | 9.35 Bn | 119.21 Mn | 159.53 Mn |
| 6 | Life Time Group Holdings | 8.86 Bn | 8.63 Bn | 412.26 Mn | 453.73 Mn |
| 7 | Wynn Resorts | 8.42 Bn | 6.11 Bn | 1.14 Bn | 721.38 Mn |
| 8 | Super Group (SGHC) | 6.08 Bn | 5.53 Bn | - | - |
| 9 | Caesars Entertainment | 6.03 Bn | 5.15 Bn | 2.04 Bn | 955.00 Mn |
| 10 | Churchill Downs | 5.61 Bn | 5.46 Bn | 712.00 Mn | 268.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 891.78 Mn |
| Mar 31, 2026 | 949.39 Mn |
| Dec 31, 2025 | 1.07 Bn |
| Sep 30, 2025 | 784.08 Mn |
| Jun 30, 2025 | 854.56 Mn |
| Mar 31, 2025 | 843.80 Mn |
| Dec 31, 2024 | 834.64 Mn |
| Sep 30, 2024 | 742.43 Mn |
| Jun 30, 2024 | 663.41 Mn |
| Mar 31, 2024 | 710.07 Mn |
| Dec 31, 2023 | 716.66 Mn |
| Sep 30, 2023 | 543.45 Mn |
| Jun 30, 2023 | 510.32 Mn |
| Mar 31, 2023 | 521.74 Mn |
| Dec 31, 2022 | 485.44 Mn |
| Sep 30, 2022 | 372.69 Mn |
| Jun 30, 2022 | 312.77 Mn |
| Mar 31, 2022 | 313.38 Mn |
| Dec 31, 2021 | 253.18 Mn |
| Sep 30, 2021 | 170.75 Mn |
API Access
DraftKings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "DKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();