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Company profile: DraftKings

1.1 - Company Overview

DraftKings Logo

DraftKings

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

Company description

  • Provider of online daily and weekly fantasy sports contests for cash prizes across major sports in the United States and Canada, sports betting via DraftKings Sportsbook on app, desktop, and retail locations where legal, online casino games such as Blackjack, Roulette, Slots, and Live Dealer where legal, and DK Live for real-time updates and insights for fantasy sports and sports betting enthusiasts.

Products and services

  • DraftKings Sportsbook: Jurisdiction-restricted online platform letting users place bets on a wide range of sports and events via app, desktop, or retail locations in states where sports betting is legal
  • DraftKings Casino: Mobile-and-desktop online casino delivering Blackjack, Roulette, Slots, and Live Dealer games in regions where online gambling is legal, enabling comprehensive digital table and slot play
  • Daily Fantasy Sports: Contest-based platform offering daily and weekly leagues where users draft lineups for football, baseball, basketball, hockey, golf, college football, and college basketball to win cash prizes

Key contacts

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Financial details

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1.2 - Competitors and similar companies to DraftKings

TeeOff Logo

TeeOff

HQ: United States Website
  • Description: Provider of software and solutions for the golf industry, including point of sale, marketing services, and online booking engines. Offers the TeeOff App for booking tee times, GPS features, and score tracking; no booking fees at over 9,000 golf courses worldwide; and DEAL Times with discounts up to 80%.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full TeeOff company profile →
Xcite Logo

Xcite

HQ: United States Website
  • Description: Provider of an interactive media platform for online audience engagement, comprised of two major components: the control board and the real-time action board.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Xcite company profile →
Skiinfo Logo

Skiinfo

HQ: Germany Website
  • Description: Provider of leading European media for ski and mountain sports.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Skiinfo company profile →
Beckett Logo

Beckett

HQ: United States Website
  • Description: Provider of grading, authentication, pricing, and marketplace services for collectibles, including: BGS card grading across sports, gaming, and non-sports; BAS autograph authentication; Beckett Marketplace for buying, selling, and trading over 30 million cards and collectibles; Beckett Online Price Guide; VHS grading; and event ticket grading.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Beckett company profile →
Fantex Logo

Fantex

HQ: United States Website
  • Description: Provider of financial services offering a non-correlated asset category via securities tied to professional athletes' earnings. The company acquires athlete cash flows and converts them into tracking stocks taken through an initial public offering. Offerings include Athlete Tracking Stocks, Fantex Sports Portfolio Units, Brand Contracts, and Baseball Related Tracking Stocks.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Fantex company profile →
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2.M&A buyers

2.1 Potential strategic acquirers in the sector

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2.2 - Strategic buyer groups for DraftKings

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Buyer group 1: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
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3. Investors and private equity firms

3.1 - Buyout funds investing in similar companies to DraftKings

2.2 - Growth funds investing in similar companies to DraftKings

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4 - Top valuation comps for DraftKings

4.2 - Public trading comparable groups for DraftKings

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4.3 - M&A Transactions similar to DraftKings

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

About DraftKings

What does DraftKings do?

DraftKings is a provider of online daily and weekly fantasy sports contests for cash prizes across major sports in the United States and Canada, sports betting via DraftKings Sportsbook on app, desktop, and retail locations where legal, online casino games such as Blackjack, Roulette, Slots, and Live Dealer where legal, and DK Live for real-time updates and insights for fantasy sports and sports betting enthusiasts.

Who are DraftKings's competitors?

DraftKings's competitors and similar companies include TeeOff, Xcite, Skiinfo, Beckett, and Fantex.

Where is DraftKings headquartered?

DraftKings is headquartered in United States.

How many employees does DraftKings have?

DraftKings has 1,000 employees 🔒.

When was DraftKings founded?

DraftKings was founded in 2010 🔒.

What sector and industry vertical is DraftKings in?

DraftKings is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for DraftKings

Who are the top strategic acquirers in DraftKings's sector and industry

Top strategic M&A buyers and acquirers in DraftKings's sector include ████████, ██████████, ██████, ████████, and ██████████ 🔒.

Which M&A buyer groups are most relevant for DraftKings?

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Financial Investors investing in DraftKings's sector and industry vertical

Which are the top PE firms investing in DraftKings's sector and industry vertical?

Top PE firms investing in DraftKings's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in DraftKings's sector and industry vertical?

Active PE funds and buyout funds acquiring companies in DraftKings's sector and industry vertical include █████████, ██████████, ████████████, and ████████████ 🔒.

Who are the top growth equity funds investing in companies in DraftKings's sector and industry vertical?

Growth funds and venture capital funds investing in companies similar to DraftKings include █████████, ██████████, ████████████, and ████████████ 🔒.

Valuation benchmarks of companies in DraftKings's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for DraftKings?

The key public trading comparables and valuation benchmarks for DraftKings include █████████, ██████████, ████████████, and ████████████ 🔒.

Which are the key trading comparable groups for DraftKings for public valuation benchmarks?

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What are recent M&A transactions in DraftKings's sector and industry vertical?

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What are recent capital raises and funding rounds in DraftKings's' sector and industry vertical?

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