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| Date | Value |
|---|---|
| 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% |