DraftKings (DKNG) Gross Margin (2021 - 2026)
DraftKings' (DKNG) quarterly Gross Margin came in at 38.21% in Q2 2026, down 529.0% year-over-year from 8.91% in Q2 2025, and down 9.72% quarter-over-quarter from 42.32% in Q1 2026.
Analysis
DraftKings (DKNG) Gross Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Gross Margin for 6 consecutive years, with 38.21% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 529.0% year-over-year to 38.21% in Q2 2026; TTM through Jun 2026 was 40.54%, a 109.0% increase from a year earlier, with the FY2025 full-year figure at 41.25%, up 314.0% from the prior year.
- Gross Margin was 38.21% for Q2 2026 at DraftKings, down from 42.32% in the prior quarter.
- Over five years, Gross Margin peaked at 45.98% in Q4 2025 and troughed at 24.89% in Q1 2022.
- A 5-year average of 37.06% and a median of 39.75% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 1644 bps in 2022 and soared 876 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 43.23% in 2022, then dropped by 3 bps to 41.78% in 2023, then slipped by 4 bps to 40.07% in 2024, then climbed by 15 bps to 45.98% in 2025, then declined by 17 bps to 38.21% in 2026.
- The last three Gross Margin figures came in at 38.21% (Q2 2026), 42.32% (Q1 2026), and 45.98% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DraftKings | 21.34 Bn | 20.35 Bn | 551.45 Mn | 38.21% |
| 2 | Flutter Entertainment | 17.38 Bn | 16.20 Bn | 1.71 Bn | 39.60% |
| 3 | Super Group (SGHC) | 7.08 Bn | 6.53 Bn | - | - |
| 4 | Rush Street Interactive | 6.18 Bn | 6.00 Bn | 139.66 Mn | 35.47% |
| 5 | Codere Online Luxembourg | 412.23 Mn | 342.98 Mn | - | - |
| 6 | Meridian Holdings | 171.67 Mn | 155.85 Mn | 26.85 Mn | 53.50% |
| 7 | High Roller Technologies | 54.90 Mn | 52.24 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | -306.86% |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic 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% |