DraftKings (DKNG) EBT Margin (2021 - 2026)
DraftKings (DKNG) posted EBT Margin of -4.98% for Q2 2026, down 16.21 percentage points from 11.23% a year earlier and down 6.37 percentage points from the prior quarter.
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Analysis
DraftKings (DKNG) EBT Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at DraftKings was -2.77%, up 2.96 percentage points year-over-year; for FY2025, it was 0.12%, up 12.56 percentage points from FY2024.
- Annual EBT Margin has increased for five consecutive years, with a five-year change of +200.58 percentage points (FY2020 to FY2025).
- In prior years, DraftKings' EBT Margin was -12.44% in FY2024 (+9.15 pp), -21.59% in FY2023 (+42.82 pp), -64.40% in FY2022 (+52.70 pp) and -117.10% in FY2021 (+83.36 pp).
- Quarterly EBT Margin has run from a low of -254.20% in Q3 2021 to a high of 11.23% in Q2 2025 over five years.
- On a year-over-year basis, EBT Margin increased in six of the last eight quarters, with an average year-over-year change of +3.99 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q3 2022, with a gain of 165.09 percentage points; the weakest was Q2 2026, with a drop of 16.21 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 1.39% (Q1 2026), 7.39% (Q4 2025) and -23.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.77 Bn | 10.87 Bn | 1.48 Bn | 14.62% |
| 2 | Flutter Entertainment | 13.69 Bn | 7.06 Bn | 1.71 Bn | -6.91% |
| 3 | DraftKings | 9.99 Bn | 5.65 Bn | 551.45 Mn | -4.98% |
| 4 | Madison Square Garden Sports | 9.89 Bn | 9.49 Bn | 119.21 Mn | 12.08% |
| 5 | Life Time Group Holdings | 9.16 Bn | 8.40 Bn | 412.26 Mn | 15.54% |
| 6 | Wynn Resorts | 7.87 Bn | 2.16 Bn | 758.95 Mn | 10.70% |
| 7 | MGM Resorts International | 7.27 Bn | -1.77 Bn | 1.98 Bn | 9.29% |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 18.12% |
| 9 | Caesars Entertainment | 5.92 Bn | 2.37 Bn | 1.50 Bn | -1.77% |
| 10 | Churchill Downs | 5.80 Bn | 5.03 Bn | 419.00 Mn | 33.47% |
Historic Data
Download Data
Historic 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% |
API Access
DraftKings EBT Margin 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=ebt-margin&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();