can i buy draftkings stock?

Can I buy DraftKings stock?

Yes — can i buy draftkings stock is a common question. DraftKings, Inc. (ticker: DKNG) is a U.S.-listed public company, and both retail and institutional investors can generally buy DraftKings stock through brokerages that provide access to the Nasdaq exchange. This guide explains what DraftKings does, where DKNG trades, how to buy shares (including fractional shares), trading mechanics, costs and settlement, tax and regulatory points, key risks, alternatives (options, ETFs, peers), a simple step-by-step checklist, and where to verify price and company filings.

Read this article to learn practical steps to open an account, place an order, and what to check before and after you buy DraftKings stock.

Company overview

DraftKings is a digital sports entertainment company focused on three primary areas: online sports betting, iGaming (casino-style games), and daily fantasy sports (DFS). It also offers B2B technology and platform services to partners and operators. Investors often look at DraftKings for growth exposure to expanding legalized sports betting and online gaming markets in the U.S. and selected international markets.

DraftKings aims to combine user acquisition, promotional offers, and technology-driven personalization to grow revenue per user. The company’s business model includes revenue from sportsbook wagers (generally net gaming revenue after payouts), iGaming, and selling platform services to business customers. For investors, DraftKings represents a growth-oriented play on the continued rollout of sports betting legalization across U.S. states, expansion of iGaming where allowed, and potential international partnerships.

As part of a broad due-diligence process, prospective shareholders should review DraftKings’ public filings, recent quarterly results, and management commentary to assess revenue trends, customer metrics, and profit margin progress.

Listing and ticker information

DraftKings Class A common stock trades on the Nasdaq under the ticker symbol DKNG. DraftKings became publicly traded in 2020 through a business combination transaction (a public company merger structure commonly described as a SPAC-style or reverse merger transaction). The company historically has reinvested capital into growth and expansion; DraftKings typically does not pay dividends and has focused on revenue and user growth rather than returning capital to shareholders.

Key listing facts at a glance:

• Exchange: Nasdaq (U.S.)
• Ticker: DKNG
• Share class: Class A common stock (public float is concentrated in Class A shares; founders and insiders may hold Class B or other share classes per filings)
• Dividend policy: Historically no regular dividend; investors should verify the most recent investor communications for any policy change

As of the latest public reports and market data, DKNG is widely available on major U.S. trading platforms and many international brokers that provide access to Nasdaq-listed equities.

Where and how you can buy DKNG

Below are the most common channels for buying DraftKings stock and practical points for each.

Brokerage accounts

To buy DKNG you must open a brokerage account with a firm that provides access to U.S. equities (Nasdaq). That can be a U.S.-based broker or an international broker offering U.S. market access. The onboarding process typically requires identity verification (KYC), address details, and tax forms. For non-U.S. residents, brokers commonly ask for a W-8BEN or equivalent to document foreign status for U.S. tax purposes.

Steps with a broker:

1. Select a broker that lists DKNG and supports your residency.
2. Complete account opening, upload ID, and verify identity.
3. Fund the account via bank transfer, wire, or supported payment methods.
4. Place an order for DKNG shares (see order types later in this guide).

Note: When choosing a broker, consider available research, order execution quality, fees, customer support, and whether the broker supports fractional shares if you want to buy smaller dollar amounts.

Retail trading apps and platforms

Many retail trading platforms and apps list DKNG. Examples of commonly known retail brokers and apps that have historically offered U.S. equities (including DKNG) include Robinhood, Stash, Public, eToro, and traditional brokers. These platforms often provide commission-free trading and user-friendly interfaces that simplify searching for the DKNG ticker and placing market or limit orders.

If you prefer a platform that integrates crypto or multi-asset access, consider platforms that also provide fiat and crypto services and that list U.S. equities. For web3 wallet interactions or crypto-fiat onramps, Bitget and Bitget Wallet offer services tailored to crypto users and can be a good way for users already in the ecosystem to manage assets alongside exchange activity. When choosing an app, confirm DKNG is available to trade in your jurisdiction and review funding and withdrawal options.

Fractional shares and minimums

Many modern brokerages let investors buy fractional shares of Nasdaq-listed stocks like DKNG. Fractional shares allow you to invest a set dollar amount (for example, $10) instead of buying a whole share if the share price is higher than your available cash. This lowers the barrier to entry and lets investors diversify across multiple names even with modest capital.

Key points:

• Fractional shares are typically offered in dollar amounts rather than share counts.
• Some brokerages impose minimum investment amounts for fractional trades.
• Fractional shares might have restrictions for certain account types or when transferring assets to another brokerage.

International investors

Non-U.S. residents can often buy DKNG through brokers that give access to U.S. exchanges. Availability depends on local regulations and the broker’s geographic coverage. International investors should check:

• Whether the broker supports U.S. equity trading for your country of residence.
• Requirements for tax forms (e.g., W-8BEN) and whether submission is needed to avoid unnecessary withholding.
• Funding methods and foreign exchange (FX) conversions if your base currency is not USD.

Some countries restrict access to certain financial instruments or platforms. Confirm eligibility, document requirements, and any local regulatory disclosures before opening an account.

Trading mechanics and order types

Understanding trading hours, order types, and market structure helps you place trades that meet your objectives and manage execution risk.

Trading sessions (Nasdaq and U.S. equities):

• Regular session: 9:30 a.m.–4:00 p.m. Eastern Time (ET)
• Pre-market trading: often from 4:00 a.m.–9:30 a.m. ET (availability varies by broker)
• After-hours trading: commonly from 4:00 p.m.–8:00 p.m. ET (availability varies by broker)

Pre-market and after-hours trading can offer opportunities to trade on news outside regular hours but typically have lower liquidity and wider spreads. Order execution during extended hours may be at prices significantly different from the next regular-session price.

Common order types:

• Market order: Buy or sell immediately at the best available current price. Market orders prioritize execution speed but can produce price slippage in low-liquidity situations or during extended hours.
• Limit order: Execute only at a specified price or better. Useful to control the price you pay or receive, especially for volatile stocks.
• Stop order / stop-loss: An order that becomes a market order once a trigger price is reached. Often used to limit downside, but execution price is not guaranteed if the market gaps.
• Stop-limit: A hybrid where a stop triggers a limit order (execution only at the limit price or better), which can avoid unexpected fills but may not execute.
• Time-in-force (TIF): Instructions for how long an order remains active (e.g., day, good-until-canceled (GTC), immediate-or-cancel).

Considerations with extended-hours trading:

• Liquidity is typically lower; spreads can be wider.
• News-driven price moves can be sharp.
• Not all order types are supported in pre-market or after-hours sessions.
• Some brokers route extended-hours orders differently, which can affect execution quality.

Costs, fees, and settlement

Costs to consider when buying DKNG include explicit fees and implicit costs such as spreads and FX conversion charges. Settlement and transfer fees are also relevant when moving assets between brokers or funding accounts internationally.

Common cost items:

• Commissions: Many retail brokers offer commission-free trading for U.S. equities. Confirm whether your chosen broker charges per-trade commissions.
• Spreads: The difference between bid and ask price, an implicit cost that matters more for large orders or low-liquidity periods.
• FX conversion fees: If you fund your account in a currency other than USD, brokers or banks will apply FX conversion fees or markups.
• Wire/transfer fees: Outgoing wires or ACH/wire processing may carry fees; international wires may be more expensive.
• Transfer-out fees: Some brokers charge a fee to transfer securities to another brokerage.

Settlement:

• U.S. equities generally settle on a T+2 basis (trade date plus two business days). That means cash and shares are delivered two business days after the trade date.
• Settlement timing affects the availability of funds for withdrawal and margin calculations.

Be sure to read your broker’s fee schedule and disclosures to understand all potential costs.

Taxes and regulatory considerations

Investing in U.S. equities like DKNG carries tax and regulatory considerations that differ by residency and account type. This section provides neutral, informational points — not tax advice.

U.S. tax basics for shareholders:

• Capital gains: Profits from selling shares are generally taxable as capital gains in the investor’s tax jurisdiction. U.S. residents are taxed on worldwide income; non-U.S. residents are generally taxed only on U.S.-source income, subject to local rules.
• Dividends: DKNG historically has not paid regular dividends. If dividends are paid, U.S.-sourced dividends received by nonresident aliens are usually subject to U.S. withholding tax unless reduced by treaty.
• Withholding forms: Non-U.S. investors typically submit Form W-8BEN (or local equivalent) to claim treaty benefits and certify foreign status for correct withholding.

Reporting and cross-border issues:

• Non-U.S. investors should be mindful of local reporting requirements for foreign assets and accounts.
• Some jurisdictions require reporting of foreign investment income and holdings for tax or exchange control purposes.

Regulatory considerations:

• Broker KYC/AML: Brokers must perform identity verification and anti-money-laundering checks during account opening.
• Market regulations: Trading is governed by U.S. securities laws and exchange rules; understand margin rules if you use leverage.

Consult a qualified tax advisor or accountant about your personal tax situation and any cross-border tax obligations.

Risks and investor considerations

Buying shares in DraftKings (DKNG) involves several risks. Below are common considerations to weigh before purchasing stock.

Sector and industry risks:

• Regulatory risk: Sports betting and iGaming are heavily regulated industries. Changes in state or federal regulations can materially affect market access, tax treatment, and operations.
• Public-policy risk: Shifts in public policy or litigation around gambling regulation can alter addressable markets or operating costs.

Company-specific risks:

• Profitability and margins: Growth companies like DraftKings may prioritize user acquisition and market share over near-term profits; margin expansion is not guaranteed.
• Competition: DraftKings competes with other operators and entertainment platforms for customer attention, promotional budgets, and state licenses.
• Execution risk: Integrating acquisitions, scaling technology, and expanding into new states or markets carries execution risk.

Market risks:

• Volatility: Growth and gambling-related stocks often exhibit higher price volatility relative to more established sectors.
• No dividend: DKNG historically pays no dividend, so returns depend on capital appreciation.

Analyst coverage and price dispersion:

• Analysts may have widely varying price targets and models for user growth, ARPU (average revenue per user), and profitability timelines. Review analyst notes for rationale but treat them as inputs rather than directives.

Always balance potential growth opportunities with the possibility of significant downside and ensure any purchase aligns with your investment goals and risk tolerance.

Alternatives and related instruments

If you're considering exposure to the online gaming and sports-betting theme but want different risk or exposure profiles, consider these alternatives.

Options and derivatives

DKNG options (calls and puts) may trade on U.S. options exchanges. Options can provide leverage, income strategies, or hedges, but they carry unique risks including time decay, implied volatility, and the potential to lose the entire premium. Options trading requires approval from your broker and understanding of options mechanics.

ETFs and peers

For diversified exposure to the gaming and betting sector, investors can look at sector or thematic ETFs that include gambling/gaming companies. ETFs reduce single-stock exposure but bring index composition and fee considerations.

Direct peers (examples of publicly traded gaming or betting companies) can provide comparison points for revenue growth, margins, and market strategy. When evaluating peers, consider geographic exposure, regulatory footprint, and product mix (sportsbook vs. iGaming vs. B2B platform).

Note: This guide does not endorse specific ETFs or stocks. Use peer and ETF lists as starting points for research.

Practical step-by-step: how to buy DKNG (simple checklist)

1. Choose a broker that lists DKNG and supports your residency.
2. Open and verify your account (complete KYC and tax forms like W-8BEN if non-U.S.).
3. Fund the account in USD or deposit fiat and convert to USD per the broker’s process.
4. Search for ticker DKNG in the broker’s trading platform.
5. Decide order type (market, limit) and position size (or fractional share amount).
6. Place the order and confirm execution. Monitor order status and confirmation.
7. Track your position and review company news, quarterly reports, and regulatory updates.

This simple checklist prepares you to buy DraftKings stock while emphasizing account setup, funding, order placement, and monitoring.

Where to find reliable information

To verify price, market data, and company disclosures, use authoritative sources and primary filings. Reliable resources include:

• DraftKings investor relations (official company filings, earnings releases, and investor presentations).
• U.S. Securities and Exchange Commission — EDGAR database for 10-Q, 10-K, 8-K filings and proxy statements.
• Major financial portals and data providers for live quotes and historical charts (examples: Yahoo Finance, which provides price, market cap, volume data, and news feeds).
• Broker research reports and sell-side analyst notes for interpretation and consensus metrics.
• News agencies and financial press for breaking regulatory or partnership developments.

To keep time-sensitive accuracy, check the date on any cited report. For example: As of June 2024, according to DraftKings’ public filings and major financial portals, DKNG continued to trade on Nasdaq under the DKNG ticker — verify current market metrics on your broker or a financial portal before trading.

Historical performance and analyst coverage (summary)

DraftKings has attracted broad analyst coverage since its public listing, and price performance has been characteristic of a fast-growing, consumer-focused technology and gaming company: periods of strong appreciation tied to positive growth metrics or favorable regulatory developments, and sharp drawdowns tied to broader market volatility or company-specific earnings misses. Investors should review recent financials, guidance, and analyst research before making decisions.

News and data snapshot (timeliness and sources)

It is important to verify any numeric market metrics against up-to-date data. Below are example-style statements that show how to reference time-sensitive information; always confirm live data on the listed sources:

• As of 2024-06-30, according to DraftKings’ investor relations and public SEC filings, the company reported operating activity and state-by-state market entries in its most recent quarterly filing. Check the company’s 10-Q for the exact figures reported for that quarter.
• As of 2024-06-30, according to major financial data providers, DKNG traded actively on Nasdaq and had measurable average daily volume and market-cap figures — confirm the current market cap and 30-day average volume on your broker’s quote page or a financial portal.

These statements illustrate the need to check primary filings and up-to-date market sources for quantifiable metrics (market cap, average daily volume, revenue, user metrics). Always note the publication date of any source you rely on.

Additional reading / references

For platform-specific how-to steps and company materials, consult the following types of resources (no external hyperlinks are included here):

• Brokerage help pages for your chosen trading platform (platform-specific instructions for account opening, funding, and trading).
• DraftKings investor relations site for earnings releases, investor presentations, and SEC filings.
• SEC EDGAR database for official 10-Q, 10-K, and 8-K filings.
• Financial news portals (e.g., Yahoo Finance, Motley Fool, Zacks) for quotes, historical charts, and educational pieces.

If you use web3 wallets or manage crypto alongside equities, Bitget Wallet is a recommended option within the Bitget ecosystem for securely storing and managing digital assets and connecting to Bitget services.

Final notes and next steps

If you asked “can i buy draftkings stock” because you are evaluating exposure to the sports-betting and online gaming theme, start by reviewing DraftKings’ most recent quarterly report and investor presentation on the company’s investor relations page and by checking live price and volume through your broker. Open a brokerage account that supports DKNG, complete KYC and tax documentation (W-8BEN for non-U.S. residents), fund your account in USD, and place a market or limit order or buy a fractional share if available.

Want to combine equities and crypto in one ecosystem? Explore Bitget’s platform and Bitget Wallet for integrated asset management and trading options. For tax and personal financial planning, consult a qualified tax advisor.

Further reading and action: review the latest 10-Q/10-K on EDGAR, view current DKNG quotes on your broker or a financial portal, and follow company IR releases for real-time updates.

Thank you for reading. To explore more on trading mechanics, taxes, and platform-specific steps, consider the help pages of your chosen broker or the educational center in the Bitget ecosystem.

Note: This article is informational and not investment advice. Verify all figures and check the date on any source you use for live trades.