DraftKings (DKNG) Gross Margin (2021 - 2026)

DraftKings' (DKNG) quarterly Gross Margin came in at 42.32% in Q1 2026, up 222.0% year-on-year from 13.14% in Q1 2025, and down 7.96% on a QoQ basis from 45.98% in Q4 2025.

DraftKings (DKNG) Gross Margin (2021 - 2026) Analysis & Trends

DraftKings (DKNG) has 6 years of Gross Margin data on file, last reported at 42.32% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 222.0% year-over-year to 42.32% in Q1 2026; TTM through Mar 2026 was 41.79%, a 346.0% increase from a year earlier, with the FY2025 full-year figure at 41.25%, up 314.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 42.32%, down from 45.98% in the prior quarter.
  • Over the last five years, Gross Margin for DKNG reached as high as 45.98% in Q4 2025 and fell as low as 24.89% in Q1 2022.
  • Historically, Gross Margin has averaged 36.99% across 5 years, with a median of 39.93% in 2024.
  • Across the five-year window, Gross Margin tumbled 1644 bps in 2022 and surged 876 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 43.23% in 2022, then decreased by 3 bps to 41.78% in 2023, then retreated by 4 bps to 40.07% in 2024, then gained by 15 bps to 45.98% in 2025, then decreased by 8 bps to 42.32% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 42.32% in Q1 2026, 45.98% in Q4 2025, and 31.46% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 42.68%
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 42.32%
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn 69.98%
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn 35.69%
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 50.60%
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn 99.82%
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn 95.45%
10 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn 85.09%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 37.16%