DraftKings (DKNG) Gross Margin (2021 - 2026)
DraftKings (DKNG) posted quarterly Gross Margin of 42.32% for Q1 2026, up 222.0% year-over-year from 13.14% in Q1 2025, and down 7.96% quarter-over-quarter from 45.98% in Q4 2025.
DraftKings (DKNG) Gross Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Gross Margin for 6 consecutive years, with 42.32% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 222.0% year-over-year to 42.32%; the TTM figure through Mar 2026 stood at 41.79% (up 346.0% YoY), while the FY2025 annual figure was 41.25%, up 314.0% from the prior year.
- Gross Margin fell to 42.32% in Q1 2026 per DKNG's latest filing, from 45.98% in the prior quarter.
- Across five years, Gross Margin topped out at 45.98% in Q4 2025 and bottomed at 24.89% in Q1 2022.
- Historically, Gross Margin has averaged 36.99% across 5 years, with a median of 39.93% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin sank 1644 bps — and 2023, when it jumped 876 bps.
- DraftKings' Gross Margin stood at 43.23% in 2022, then fell by 3 bps to 41.78% in 2023, then declined by 4 bps to 40.07% in 2024, then increased by 15 bps to 45.98% in 2025, then fell by 8 bps to 42.32% in 2026.
- Business Quant data shows DKNG's Gross Margin at 42.32% in Q1 2026, 45.98% in Q4 2025, and 31.46% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 39.60% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 38.21% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 72.65% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 35.47% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 50.60% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 31.38% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 85.69% |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | 84.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.21% |
| Mar 31, 2026 | 42.32% |
| Dec 31, 2025 | 45.98% |
| Sep 30, 2025 | 31.46% |
| Jun 30, 2025 | 43.50% |
| Mar 31, 2025 | 40.11% |
| Dec 31, 2024 | 40.07% |
| Sep 30, 2024 | 32.23% |
| Jun 30, 2024 | 39.93% |
| Mar 31, 2024 | 39.57% |
| Dec 31, 2023 | 41.78% |
| Sep 30, 2023 | 31.20% |
| Jun 30, 2023 | 41.67% |
| Mar 31, 2023 | 32.21% |
| Dec 31, 2022 | 43.23% |
| Sep 30, 2022 | 25.75% |
| Jun 30, 2022 | 32.91% |
| Mar 31, 2022 | 24.89% |
| Dec 31, 2021 | 46.51% |
| Sep 30, 2021 | 19.77% |