DraftKings Inc. is a digital sports entertainment and gaming company. Co. provides users with online sports betting (Sportsbook), online casino (iGaming) and daily fantasy sports (DFS) product offerings, as well as retail sportsbook, media and other consumer product offerings. Co. is also involved in the design and development of sports betting and casino gaming software for online and retail sportsbooks and iGaming operators. Co.'s Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 27 states and in Ontario, Canada. We show 18 historical shares outstanding datapoints in our DKNG shares outstanding history coverage, used to compute DKNG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DKNG market cap history over the course of time is important for investors
interested in comparing DKNG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DKNG versus a peer is one thing; comparing
DKNG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DKNG can fluctuate over the course of history.
With this page we aim to empower investors researching DKNG by allowing them to research the DKNG market cap history. |
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Video: The Importance of Market Cap
