| Draftkings is a digital sports entertainment and gaming company. Co. provides users with daily fantasy sports (DFS), sports betting (Sportsbook) and online casino (iGaming) opportunities, and Co. is also involved in the design, development, and licensing of sports betting and casino gaming software for online and retail sportsbook and casino gaming products. Co.'s business segments are: business-to-consumer, which include DFS, Sportsbook and iGaming as well as advertising and sponsorship packages to advertisers across its DFS product offerings, free games and content; and business-to-business, which is involved the design and development of sports betting and casino gaming software. The DKNG average annual return since 2019 is shown above.
The Average Annual Return on the DKNG average annual return since 2019 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether DKNG average annual return since 2019 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the DKNG average annual return calculation with any dividends reinvested as applicable (on ex-dates).