DraftKings Inc. (DKNG) Tax Rate: 53.53%
Is DraftKings Inc.’s tax rate high or low?
DraftKings Inc.'s tax rate of 53.53% is 352% above its 5-year average of 11.83%, near the high end of its 5-year range (-1.28%–53.53%).
The tax rate for DraftKings Inc. (DKNG) is 53.53%. It is above its 12-month average by 57.28% (34.03%).
DKNG Tax Rate Chart
DKNG Average Tax Rate Chart
DKNG Current vs Average Tax Rate Chart
DKNG Tax Rate Metrics
TAX RATE
53.53%
TAX RATE AVG TTM
34.03%
TAX RATE AVG 3Y
17.87%
TAX RATE AVG 5Y
11.83%
TAX RATE AVG 10Y
7.84%
TAX RATE AVG 15Y
7.84%
TAX RATE AVG 20Y
7.84%
CURRENT VS TTM AVG
+57.28%
CURRENT VS 3Y AVG
+199.55%
CURRENT VS 5Y AVG
+352.49%
CURRENT VS 10Y AVG
+583.17%
CURRENT VS 15Y AVG
+583.17%
CURRENT VS 20Y AVG
+583.17%
DraftKings Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
DraftKings Inc. Tax Rate FAQ
- What is the tax rate for DraftKings Inc. (DKNG)?
- The tax rate for DKNG stock is 53.53%.
- Is DraftKings Inc.'s tax rate high or low?
- DraftKings Inc.'s tax rate of 53.53% is 352% above its 5-year average of 11.83%, near the high end of its 5-year range (-1.28%–53.53%).
- What is the TTM average tax rate for DraftKings Inc. (DKNG)?
- The TTM average tax rate for DKNG stock is 34.03%.
- What is the 3Y average tax rate for DraftKings Inc. (DKNG)?
- The 3Y average tax rate for DKNG stock is 17.87%.
- What is the 5Y average tax rate for DraftKings Inc. (DKNG)?
- The 5Y average tax rate for DKNG stock is 11.83%.
- What is the 10Y average tax rate for DraftKings Inc. (DKNG)?
- The 10Y average tax rate for DKNG stock is 7.84%.
- What is the 15Y average tax rate for DraftKings Inc. (DKNG)?
- The 15Y average tax rate for DKNG stock is 7.84%.
- What is the 20Y average tax rate for DraftKings Inc. (DKNG)?
- The 20Y average tax rate for DKNG stock is 7.84%.
DraftKings Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 53.53% |
| 2024-12-31 | 14.54% |
| 2023-12-31 | -1.28% |
| 2022-12-31 | 4.69% |
| 2021-12-31 | -0.55% |
| 2020-12-31 | 0.05% |
| 2019-12-31 | -0.04% |
| 2018-12-31 | -0.14% |
| 2017-12-31 | -0.28% |
Related Metrics
About DraftKings Inc.
DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Jason D. Robins