DraftKings (DKNG) Shares Outstanding (Diluted) (2021 - 2026)
DraftKings' Shares Outstanding (Diluted) was 496.09 million in Q2 2026, down 6.3% from 529.45 million a year earlier and down 2.8% from the prior quarter.
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DraftKings (DKNG) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at DraftKings came in at 495.9 million, up 2.9% from FY2024.
- Shares Outstanding (Diluted) has now increased for five consecutive years, with a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 481.95 million in FY2024 (+4.2%), 462.6 million in FY2023 (+6.0%), 436.51 million in FY2022 (+8.5%) and 402.49 million in FY2021 (+31.7%).
- Quarterly Shares Outstanding (Diluted) has moved between 402.49 million (Q4 2021) and 529.45 million (Q2 2025) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) was higher in seven of the last eight quarters, with growth averaging 2.1%.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q2 2024 (growth of 12.2%); the worst was Q2 2026 (a decline of 6.3%).
- Per Business Quant data, DKNG's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 510.63 million (Q1 2026), 495.9 million (Q4 2025) and 496.64 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 656.00 Mn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | 175.00 Mn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 24.25 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | 496.09 Mn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | 227.34 Mn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 102.98 Mn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 257.76 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 78.50 Mn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | 204.00 Mn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 70.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 496.09 Mn |
| Mar 31, 2026 | 510.63 Mn |
| Dec 31, 2025 | 495.90 Mn |
| Sep 30, 2025 | 496.64 Mn |
| Jun 30, 2025 | 529.45 Mn |
| Mar 31, 2025 | 493.32 Mn |
| Dec 31, 2024 | 481.95 Mn |
| Sep 30, 2024 | 486.22 Mn |
| Jun 30, 2024 | 518.79 Mn |
| Mar 31, 2024 | 474.23 Mn |
| Dec 31, 2023 | 462.60 Mn |
| Sep 30, 2023 | 464.77 Mn |
| Jun 30, 2023 | 462.43 Mn |
| Mar 31, 2023 | 455.08 Mn |
| Dec 31, 2022 | 436.51 Mn |
| Sep 30, 2022 | 448.33 Mn |
| Jun 30, 2022 | 437.03 Mn |
| Mar 31, 2022 | 411.07 Mn |
| Dec 31, 2021 | 402.49 Mn |
| Sep 30, 2021 | 403.84 Mn |
API Access
DraftKings Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();