DraftKings (DKNG) Operating Expenses (2021 - 2026)
DraftKings (DKNG) posted Operating Expenses of $297.09 million for Q2 2026, up 8.4% from $274.12 million a year earlier and up 2.8% from the prior quarter.
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Analysis
DraftKings (DKNG) Operating Expenses (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at DraftKings was $1.18 billion, down 0.4% year-over-year; for FY2025, it came in at $1.13 billion, down 2.4% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 13.0% (FY2020 to FY2025).
- In prior years, DraftKings' Operating Expenses was $1.16 billion in FY2024 (+20.7%), $961.73 million in FY2023 (-11.1%), $1.08 billion in FY2022 (unchanged) and $1.08 billion in FY2021 (+75.6%).
- Quarterly Operating Expenses has run from a low of $219.77 million in Q3 2023 to a high of $328.71 million in Q4 2024 over five years.
- On a year-over-year basis, Operating Expenses increased in six of the last eight quarters, with growth averaging 9.2%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2024, with growth of 41.8%; the weakest was Q4 2022, with a decline of 17.3%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $289.11 million (Q1 2026), $320.28 million (Q4 2025) and $271.46 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 2.54 Bn |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | 297.09 Mn |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | 845.00 Mn |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 86.28 Mn |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 716.29 Mn |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 1.56 Bn |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 3.97 Bn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | 2.48 Bn |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | -50.00 Mn |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 623.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 297.09 Mn |
| Mar 31, 2026 | 289.11 Mn |
| Dec 31, 2025 | 320.28 Mn |
| Sep 30, 2025 | 271.46 Mn |
| Jun 30, 2025 | 274.12 Mn |
| Mar 31, 2025 | 267.65 Mn |
| Dec 31, 2024 | 328.71 Mn |
| Sep 30, 2024 | 311.71 Mn |
| Jun 30, 2024 | 257.74 Mn |
| Mar 31, 2024 | 263.07 Mn |
| Dec 31, 2023 | 267.23 Mn |
| Sep 30, 2023 | 219.77 Mn |
| Jun 30, 2023 | 226.16 Mn |
| Mar 31, 2023 | 248.56 Mn |
| Dec 31, 2022 | 256.64 Mn |
| Sep 30, 2022 | 262.56 Mn |
| Jun 30, 2022 | 264.81 Mn |
| Mar 31, 2022 | 297.96 Mn |
| Dec 31, 2021 | 310.46 Mn |
| Sep 30, 2021 | 284.93 Mn |
API Access
DraftKings Operating Expenses 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=operating-expenses&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();