DraftKings (DKNG) Invested Capital (2024 - 2026)
DraftKings' (DKNG) quarterly Invested Capital came in at $1.1 billion in Q2 2026, down 27.97% year-over-year from $1.6 billion in Q2 2025, and down 3.1% quarter-over-quarter from $1.2 billion in Q1 2026.
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Analysis
DraftKings (DKNG) Invested Capital (2024 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Invested Capital for 3 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital fell 27.97% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 27.97% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 19.53% from the prior year.
- Invested Capital was $1.1 billion for Q2 2026 at DraftKings, down from $1.2 billion in the prior quarter.
- Over five years, Invested Capital peaked at $1.6 billion in Q2 2025 and troughed at $1.0 billion in Q4 2024.
- A 3-year average of $1.3 billion and a median of $1.2 billion in 2025 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital gained 19.53% in 2025 and fell 27.97% in 2026, its largest moves.
- Over 3 years, Invested Capital stood at $1.0 billion in 2024, then climbed by 19.53% to $1.2 billion in 2025, then declined by 5.3% to $1.1 billion in 2026.
- The last three Invested Capital figures came in at $1.1 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.40 Bn | 22.34 Bn | 1.81 Bn | 16.16 Bn |
| 2 | DraftKings | 18.89 Bn | 17.90 Bn | 551.45 Mn | 1.14 Bn |
| 3 | Flutter Entertainment | 14.91 Bn | 13.72 Bn | 1.71 Bn | 21.06 Bn |
| 4 | MGM Resorts International | 9.52 Bn | 7.83 Bn | 3.10 Bn | 9.44 Bn |
| 5 | Madison Square Garden Sports | 9.51 Bn | 9.35 Bn | 119.21 Mn | 11.70 Mn |
| 6 | Life Time Group Holdings | 8.86 Bn | 8.63 Bn | 412.26 Mn | 4.83 Bn |
| 7 | Wynn Resorts | 8.42 Bn | 6.11 Bn | 1.14 Bn | 11.25 Bn |
| 8 | Super Group (SGHC) | 6.08 Bn | 5.53 Bn | - | 857.00 Mn |
| 9 | Caesars Entertainment | 6.03 Bn | 5.15 Bn | 2.04 Bn | 15.47 Bn |
| 10 | Churchill Downs | 5.61 Bn | 5.46 Bn | 712.00 Mn | 4.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.14 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.21 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 1.59 Bn |
| Mar 31, 2025 | 1.46 Bn |
| Dec 31, 2024 | 1.01 Bn |
API Access
DraftKings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "DKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();