can you buy draftkings stock
Quick answer and what you'll get from this page
Yes — can you buy DraftKings stock? In short: yes. DraftKings, Inc. (ticker DKNG) is a publicly traded company listed on the NASDAQ, and qualified investors can buy whole or fractional shares through brokerages that offer U.S. equities. This article explains what DraftKings does, where DKNG trades, step-by-step mechanics to buy shares, fractional-share and fee considerations, sources for company data, regulatory and tax notes, investment risks, alternative ways to gain exposure, and a practical pre-trade checklist.
Read on to learn how to buy DraftKings stock, what to check before you trade, and where to find reliable company filings and market data.
Company and ticker overview
DraftKings is an online sports betting, daily fantasy sports (DFS) and iGaming company that also offers B2B technology and sports-related products. The business lines typically described by the company include sportsbook (sports betting), casino (online casino games), daily fantasy sports, and B2B partnerships that license DraftKings’ platform and technology.
DraftKings, Inc. is incorporated in Nevada and listed on the NASDAQ Stock Market under the ticker symbol DKNG. The company does not pay a regular cash dividend and historically has operated with a growth focus, reinvesting revenue into marketing and product expansion. Investors typically follow DraftKings’ quarterly 10-Q filings, annual 10-K filing, and investor presentations to track revenue, user metrics, and regulatory developments.
Where DraftKings stock trades
DKNG trades on the NASDAQ Stock Market under the ticker symbol DKNG. Primary U.S. market trading hours are the regular session (typically 9:30 AM to 4:00 PM Eastern Time). Many brokerages also offer pre-market and after-hours trading, with separate execution and price behaviors in extended sessions.
Public price pages and many broker platforms show delayed quotes by default unless you request real-time data. If you need live streaming prices for DKNG, confirm real-time feed access (some brokerages provide it for free; others may charge or require subscription).
As of 2024-06-30, according to Yahoo Finance, DraftKings had a market capitalization of approximately $9.5 billion and a typical daily trading volume on the order of several million shares (figures may vary day-to-day). For up-to-date market cap and volume, consult official quote pages and the company’s investor relations announcements.
How to buy DraftKings stock
Below are clear steps an investor generally follows to buy DraftKings stock. Keep in mind that rules and platform steps can vary slightly by brokerage and by investor residency.
1) Choose a brokerage platform
To buy DKNG you need an account with a brokerage that offers access to U.S. equities on the NASDAQ. Popular retail broker platforms referenced by investors include commission-free trading apps and traditional brokers. Different platforms vary by fees, account types (individual, joint, custodial, retirement), execution speed, research tools, and whether they support fractional shares.
When evaluating brokers, consider: account fees, trading commissions (many retail apps offer commission-free trading for U.S. stocks), margin availability, extended-hours trading, order types supported, fractional‑share capability, and tax document delivery. For crypto or Web3 custody and wallets, consider solutions such as Bitget Wallet; for fiat equities choose a regulated brokerage that supports NASDAQ-listed stocks.
2) Open and fund an account
Opening a brokerage account typically requires personal identification (government ID), basic personal information (name, address, Social Security number or tax ID for U.S. residents), and sometimes proof of residency. After account approval you must fund it via linked bank transfer, wire, or other accepted funding methods. ACH transfers are common but can take a few business days to settle; wire transfers settle faster but may carry fees.
Account funding timelines affect when you can place trades. Some brokerages offer instant buying power for a portion of deposited funds; others require full settlement (T+2) before proceeds are usable.
3) Order types and execution
When buying DKNG, you’ll choose an order type and size. Common order types include: market order (executes at current market price), limit order (executes only at or better than a specified price), and conditional orders (stop orders, stop-limit). Market orders prioritize execution speed; limit orders prioritize price control.
If your brokerage supports fractional shares, you can buy part of a DKNG share by specifying a dollar amount instead of whole-share quantity. Fractional purchases are useful when a full share price exceeds what you want to invest.
4) Placing the trade and settlement
On your brokerage platform, enter DKNG as the ticker symbol, choose buy, enter quantity (or dollar amount for fractional shares), select your order type, and submit. Confirm the order details before finalizing.
After a trade executes, U.S. equities settle on a T+2 basis (trade date plus two business days). Settlement affects when you can withdraw proceeds or use sale proceeds for further trading without special margin or instant-settlement privileges from the broker.
Fractional shares and commission considerations
Many retail broker platforms allow fractional-share purchases of DKNG. Fractional shares let you invest a specific dollar amount rather than purchase full shares — useful when a single share price is high relative to your target investment.
Commission models have shifted toward commission-free stock trading on many mobile broker apps, but other fees may still apply (options contract fees, account transfers, wire fees, margin interest, regulatory fees). Always review the broker’s fee schedule in the account disclosure documents.
Some brokerages route orders to market makers for execution; others use internalization or direct market access. Execution quality (e.g., price improvement) and order handling policies are disclosed in brokers’ best execution statements.
Sources of market and company information
When researching DraftKings and DKNG, reliable sources include:
- DraftKings Investor Relations site and investor FAQs for company filings, earnings reports, and official press releases.
- SEC filings (Form 10-K, 10-Q, 8-K) for audited financials, risk factors, and material events.
- Financial portals and quote pages (for example, Yahoo Finance) for live/near-real-time price data, market cap and trading volume.
- Broker research and platform pages (examples include Robinhood, Public, Stash) for trading mechanics and fractional-share policies.
- Independent analysis and stock research platforms (examples include WallStreetZen and The Motley Fool) for analyst commentary and longer-form coverage.
For instance, DraftKings maintains an investor relations hub with quarterly and annual filings and investor FAQs. Market data pages show current price, market capitalization and typical trading volume; as of 2024-06-30, market-cap and volume figures cited earlier were taken from major quote pages.
Source notes: 截至 2024-06-30, 据 Yahoo Finance 报道，DraftKings 的市值约为 9.5 十亿美元，日均交易量约为数百万股。另据 DraftKings Investor Relations（投资者常见问题）和公司 10-K/10-Q 报告披露有关业务线、风险和财务指标的详细信息。
Investment considerations and risks
Buying stock in DraftKings involves risks typical of growth and gaming-related equities. Key factors investors should consider:
- Volatility: DKNG has historically shown above-average price volatility compared with broad-market indices. Rapid price movements can occur around earnings releases, regulatory developments, or major market events.
- No regular dividend: DraftKings historically has not paid a regular cash dividend, which may matter for income-focused investors.
- Regulatory risk: Sports betting and iGaming are regulated at the state and national level in many jurisdictions. Changes in law, licensing denials, or unfavorable regulation can materially affect operations.
- Competitive environment: The online sports betting and iGaming industry is competitive and features large, well-funded operators. Market share, promotional spending, and customer-acquisition costs can pressure margins.
- User-growth and monetization: Metrics such as active users, average revenue per user (ARPU), retention and margins drive investor expectations. These operational metrics are tracked in quarterly reports.
- Legal and compliance risks: Gambling businesses may face litigation or regulatory investigations that can affect financials and reputation.
All investors should perform independent research, read the company’s SEC filings, and consider their own risk tolerance before trading. This article is informational and not investment advice.
Tax and regulatory notes
Trading U.S. equities generates tax-reporting obligations. Typical points:
- Capital gains and losses: Profits and losses from sales of shares are generally taxable as capital gains or deductible as capital losses, subject to local tax rules and holding periods for long-term vs short-term rates.
- Dividends: If a company pays dividends, they have specific tax treatment depending on qualified status and investor tax residency.
- Broker reporting: For U.S. investors, brokers commonly issue forms (e.g., 1099 series) that summarize dividends, proceeds and cost basis. Non-U.S. investors may receive different statements and tax withholding may apply.
- Regulatory environment: State and federal regulation of sports betting and online gaming can affect corporate operations and tax treatment of wagering revenue in various jurisdictions.
Consult a tax professional or accountant for tax advice tailored to your situation.
Alternatives and ways to get exposure
If you want exposure to the online gambling and sports-betting sector beyond single-stock ownership, consider these alternatives:
- Competing and related stocks: Other publicly traded companies operate in gaming, casino or sports-betting sectors. Compare business models, geographic exposure and financial metrics.
- Sector or thematic ETFs: Some ETFs include gaming, leisure, or consumer discretionary holdings that may include gambling or sports-betting firms.
- Derivatives (options): Advanced investors may use options to gain leveraged or hedged exposure. Options involve additional risk and require understanding of option Greeks, expirations and assignment.
When exploring alternatives, check holdings and concentration to ensure the product matches your exposure target.
Practical checklist — before you buy
- Verify that your chosen brokerage supports NASDAQ-listed securities and DKNG specifically.
- Confirm whether fractional shares are available if you want to buy a dollar amount rather than whole shares.
- Review broker fees, routing practices, and order-execution policies.
- Decide order type (market vs limit) and set a clear buy price and size. Consider using limit orders to manage price risk during volatile sessions.
- Check settlement rules (T+2) and how that affects your cash availability.
- Read the latest DraftKings earnings report, 10-Q or 10-K, and investor presentation for recent performance metrics and risk disclosures.
- Consider tax implications and whether you need to hold the shares in a taxable account or tax-advantaged account.
- Evaluate your risk tolerance and position size relative to your overall portfolio.
Sources and further reading
This guide draws on official company disclosures and leading market-data and broker resources. Key reference types used include DraftKings’ investor relations materials, SEC filings, broker platform educational pages, and independent analyst coverage.
Important sources cited in this article (examples of where to confirm the facts above):
- DraftKings Investor Relations and Investor FAQs for filings, presentations and official communications.
- Major quote pages (for example, Yahoo Finance) for market cap, trading volume and price history. 截至 2024-06-30, 据 Yahoo Finance 报道，DraftKings 的市值约为 9.5 十亿美元，日均交易量约为数百万股。
- Broker educational pages (examples: Robinhood, Public, Stash) for fractional-share policies, account setup, and order types.
- Independent research and analysis platforms (examples: WallStreetZen, The Motley Fool) for background on valuation, industry positioning and analyst perspectives.
Note: specific page names and broker pages used for fact checking include platform trade/FAQ pages, the company’s 10-K and 10-Q filings, and standard market-data quote pages. For the most current figures and filings, consult DraftKings’ investor relations site and SEC EDGAR filings.
Notes and disclaimer
This article is informational only and does not constitute investment advice or a recommendation to buy or sell any security. All investors should conduct their own research and consider seeking advice from a qualified financial or tax professional. Confirm data and figures against primary sources (company filings and official quote pages) — market data changes frequently.
Further exploration: if you want secure custody for crypto or Web3 assets or a robust wallet experience, consider Bitget Wallet. For trading NASDAQ stocks like DKNG, choose a licensed brokerage with the services you need.
Practical next steps
If your goal is to buy DraftKings stock today:
- Open or log into a U.S.-equities capable brokerage account.
- Fund the account and confirm available buying power.
- Search DKNG in your platform, decide whether to buy whole or fractional shares, choose order type, and submit the trade.
- Save confirmations, and file any tax or cost-basis records provided by your broker.
Want to learn more about related markets or custody solutions? Explore Bitget Wallet for Web3 custody features and consult your brokerage’s education center for trade mechanics.
Thank you for reading — this guide explained “can you buy DraftKings stock”, where it trades, how to buy shares (including fractional shares), risks, tax notes, and a pre-trade checklist based on public filings and broker guidance.
