DraftKings Inc., commonly known as DraftKings, is an American digital sports entertainment and gaming company headquartered in Boston, Massachusetts. Founded in 2011 by Jason Robins, Matthew Kalish, and Paul Liberman, it became a publicly traded company on the Nasdaq stock exchange in April 2020 under the ticker symbol "DKNG" through a reverse merger. As of 2025, DraftKings employed approximately 5,500 individuals. The company reported revenues of $6.292 billion for the twelve months ending March 31, 2026, with a market capitalization ranging from $11.02 billion to $12.53 billion as of May 2026.
DraftKings offers a range of online and retail gaming products and services. Its primary offerings include Daily Fantasy Sports (DFS), online and retail sports betting (Sportsbook), and online casino games (iGaming). The company has expanded its portfolio to include a digital lottery courier service through its acquisition of Jackpocket, prediction markets, and horse racing betting via its DK Horse app. DraftKings also designs and develops sports betting and casino gaming software.
In terms of patent litigation, DraftKings operates as a defending entity. The provided data indicates DraftKings has been a defendant in one tracked case and has not initiated any patent lawsuits as a plaintiff. This posture aligns with that of an operating company defending its products and services against patent infringement allegations.
The single tracked case, WinView IP Holdings, LLC v. DraftKings, was filed in the New Jersey District Court on February 10, 2025. WinView IP Holdings, LLC is characterized as a non-practicing entity (NPE) that acquired a patent portfolio, which includes over 100 issued patents, to assert against other companies. The lawsuit alleges that DraftKings' sports betting and daily fantasy sports platforms infringe on WinView's patents related to real-time sports gaming technologies, such as low-latency streaming and real-time betting synchronization. WinView also filed a similar lawsuit against FanDuel.