DraftKings Inc. (US:DKNG) has 1334 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 492,981,298 shares. Largest shareholders include Vanguard Group Inc, BlackRock, Inc., Wellington Management Group Llp, T.
The ownership structure of DraftKings (DKNG) stock is a mix of institutional, retail, and individual investors. Approximately 68.50% of the company's stock is owned by Institutional Investors, 2.06% is owned by Insiders, and 29.44% is owned by Public Companies and Individual Investors.
Currently the IRS is auditing DK and has been for years in their classification of DFS.
DraftKings is funded by 32 investors. Michael Jordan and Disruptive Ventures are the most recent investors.
(Remember, Sunday was not part of their 2024 quarterly results, but still...). Add that to the 13% spike in fourth-quarter revenue to nearly $1.4 billion and a 30% bump for the entire year to $4.8 billion in 2024. It indeed was a day to celebrate at DraftKings HQ.