DraftKings (DKNG) Gross Margin (2021 - 2026)
DraftKings (DKNG) reported Gross Margin of 42.32% for Q1 2026, up 222.0% year-over-year from 13.14% in Q1 2025, and up 233.53% on a QoQ basis from 31.7% in Q4 2025.
DraftKings (DKNG) has 6 years of Gross Margin data on file, last reported at 42.32% in Q1 2026.
- Quarterly Gross Margin rose 222.0% year-over-year to 42.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.23% (down 2915.0% YoY) and the FY2025 annual result came in at 41.25%, up 314.0% from the prior year.
- Gross Margin grew to 42.32% in Q1 2026 per DKNG's latest filing, from 31.7% in the prior quarter.
- Across five years, Gross Margin topped out at 68.97% in Q3 2024 and bottomed at 31.7% in Q4 2025.
- The 5-year median for Gross Margin is 39.93% (2024), against an average of 34.47%.
- The widest annual swing landed in 2024, when Gross Margin jumped 3776 bps; it then plunged 7177 bps in 2025.
- Tracing DKNG's Gross Margin over 5 years: stood at 43.23% in 2022, then slipped by 3 bps to 41.78% in 2023, then decreased by 4 bps to 40.07% in 2024, then tumbled by 179 bps to 31.7% in 2025, then surged by 234 bps to 42.32% in 2026.
- Per Business Quant, the three latest DKNG Gross Margin figures stand at 42.32% (Q1 2026), 31.7% (Q4 2025), and 31.46% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 42.68% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 42.32% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 71.64% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 35.69% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 31.27% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | 56.54% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 95.45% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.32% |
| Dec 31, 2025 | -31.70% |
| Sep 30, 2025 | 31.46% |
| Jun 30, 2025 | 43.50% |
| Mar 31, 2025 | 40.11% |
| Dec 31, 2024 | 40.07% |
| Sep 30, 2024 | 68.97% |
| 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 | 22.95% |
| Dec 31, 2021 | 80.75% |
| Sep 30, 2021 | 19.77% |
| Jun 30, 2021 | 37.16% |
| Mar 31, 2021 | 41.33% |