Draftkings Net Worth (Updated 2025).
DraftKings, a name now synonymous with daily fantasy sports, was founded in 2012 by Jason Robins, Matt Kalish, and Paul Liberman. The trio, former classmates from Harvard Business School, identified a gap in the market for a platform that allowed users to engage in short-term, real-money fantasy sports contests. Starting out in a small office in Boston, they developed a simple yet innovative concept: users could draft teams for individual games or tournaments, with prizes distributed instantly upon game completion, unlike traditional season-long leagues.
The company’s breakthrough came in 2015 when it aired its first television commercial during Super Bowl XLIX. This strategic move, coupled with aggressive marketing campaigns and partnerships with major sports leagues and teams, catapulted DraftKings into the public eye. The commercials, featuring celebrities like Jon Gruden and Charles Barkley, helped DraftKings capture the attention of sports fans nationwide, signaling the beginning of its meteoric rise in the fantasy sports industry.
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DraftKings’ Current Net Worth (2025)
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As of 2025, DraftKings’ current net worth is estimated to be around $22 billion. This significant valuation reflects the company’s growth and success in the sports betting and daily fantasy sports industry.
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DraftKings’ Career
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Founded in 2012, DraftKings pioneered daily fantasy sports, allowing users to draft virtual teams for a single game or matchup. In 2018, the company expanded into legalized sports betting, becoming one of the leading online sportsbooks in the U.S.
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Other Ventures
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Beyond its core businesses, DraftKings has ventured into various partnerships and investments. These include collaborations with sports teams and leagues, as well as investments in gaming and technology startups. The company also offers iGaming products like online casino games in certain jurisdictions.
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Assets
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DraftKings’ assets include its robust user base, advanced technology platform, and extensive sports betting licenses across the U.S. The company also holds trademarks and intellectual property related to its brand and products. As of 2025, DraftKings operates in over 15 states and has partnerships with numerous professional sports leagues and teams.
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Annual Income
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In 2024, DraftKings reported an annual revenue of approximately $3.3 billion. This figure represents a significant increase from previous years, reflecting the company’s growth and expansion in the sports betting market. DraftKings’ annual income has been consistently growing, driven by its user base expansion and the legalization of sports betting in more U.S. states.
Frequently Asked Questions about Draftkings
**Frequently Asked Questions: DraftKings Net Worth**
1. What is DraftKings’ net worth?
DraftKings’ net worth is estimated to be around $13.5 billion as of the latest reports.
2. How did DraftKings start?
DraftKings was founded in 2012 by Jason Robins, Paul Liberman, and Matthew Kalish. It started as a daily fantasy sports platform and has since expanded into online sports betting and iGaming.
3. When did DraftKings go public?
DraftKings went public on the Nasdaq Stock Market under the ticker symbol “DKNG” in April 2020.
4. What is DraftKings’ revenue model?
DraftKings generates revenue through entry fees for daily fantasy sports contests, betting handle in its sportsbook, and rake from online gaming.
5. Which states is DraftKings legal in?
As of now, DraftKings is legal and operational in over 15 states for sports betting and daily fantasy sports, with more states being added as regulations allow.
6. How does DraftKings compare to its competitors?
DraftKings is one of the leading online gaming and sports betting companies in the U.S., competing with the likes of FanDuel, Caesars, and BetMGM. It has a significant market share in both daily fantasy sports and sports betting.
7. Does DraftKings offer cryptocurrency betting?
Currently, DraftKings does not offer cryptocurrency betting. It primarily operates using traditional currency for deposits and withdrawals.
8. How does DraftKings ensure the fairness of its games?
DraftKings uses random number generators (RNGs) to ensure the fairness of its online gaming outcomes. It also has measures in place to prevent and detect any fraudulent activities in its daily fantasy sports contests.
9. Can I use DraftKings internationally?
DraftKings’ primary market is the United States. It does not currently operate in other countries, except for Canada where it offers daily fantasy sports.
10. How does DraftKings contribute to responsible gaming?
DraftKings offers various responsible gaming tools and resources, such as deposit limits, reality checks, and self-exclusion options. It also provides information and support for those affected by problem gambling.
