DraftKings (DKNG) EBT Margin (2021 - 2026)
DraftKings (DKNG) posted quarterly EBT Margin of 1.39% for Q1 2026, up 419.0% year-over-year from 0.27% in Q1 2025, and down 81.16% quarter-over-quarter from 7.39% in Q4 2025.
DraftKings (DKNG) EBT Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported EBT Margin for 6 consecutive years, with 1.39% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin rose 419.0% year-over-year to 1.39%; the TTM figure through Mar 2026 stood at 1.1% (up 1089.0% YoY), while the FY2025 annual figure was 0.12%, up 1256.0% from the prior year.
- EBT Margin slipped to 1.39% in Q1 2026 per DKNG's latest filing, from 7.39% in the prior quarter.
- Across five years, EBT Margin topped out at 11.23% in Q2 2025 and bottomed at 111.43% in Q1 2022.
- Historically, EBT Margin has averaged 26.32% across 5 years, with a median of 12.19% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin soared 16509 bps — and 2024, when it plunged 740 bps.
- DraftKings' EBT Margin stood at 27.2% in 2022, then soared by 89 bps to 3.05% in 2023, then sank by 243 bps to 10.45% in 2024, then soared by 171 bps to 7.39% in 2025, then plunged by 81 bps to 1.39% in 2026.
- Business Quant data shows DKNG's EBT Margin at 1.39% in Q1 2026, 7.39% in Q4 2025, and 23.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | -6.91% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | -4.98% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | 19.93% |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 33.47% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 12.61% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 15.67% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 4.99% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 0.99% |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | -11.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.98% |
| Mar 31, 2026 | 1.39% |
| Dec 31, 2025 | 7.39% |
| Sep 30, 2025 | -23.65% |
| Jun 30, 2025 | 11.23% |
| Mar 31, 2025 | -2.80% |
| Dec 31, 2024 | -10.45% |
| Sep 30, 2024 | -26.92% |
| Jun 30, 2024 | -0.86% |
| Mar 31, 2024 | -12.19% |
| Dec 31, 2023 | -3.05% |
| Sep 30, 2023 | -35.67% |
| Jun 30, 2023 | -8.72% |
| Mar 31, 2023 | -51.41% |
| Dec 31, 2022 | -27.20% |
| Sep 30, 2022 | -89.11% |
| Jun 30, 2022 | -63.98% |
| Mar 31, 2022 | -111.43% |
| Dec 31, 2021 | -68.23% |
| Sep 30, 2021 | -254.20% |