DraftKings is a publicly traded company on the Nasdaq stock exchange under the ticker symbol DKNG. Its ownership is widely distributed among institutional investors, retail investors, and company insiders. Institutional investors hold about 69.80% to 75-85% of the shares, with The Vanguard Group being the largest shareholder at approximately 8.3-8.9%. Other top institutional shareholders include BlackRock, FMR LLC (Fidelity), Wellington Management Group, and T. Rowe Price Investment Management. The company's original founders—Jason Robins, Matthew Kalish, and Paul Liberman—remain involved and hold significant stakes, with CEO Jason Robins owning about 4% of the company. No single investor has majority control, making ownership widely dispersed among thousands of shareholders. DraftKings was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman in Boston. It went public in April 2020 through a reverse merger with Diamond Eagle Acquisition Corp and SBTech. Since then, it has grown into a major player in sports betting and iGaming across multiple U.S. states and Canada, generating billions in revenue. In summary, DraftKings is owned collectively by institutional investors, founders, and retail shareholders, with major institutional investors holding the largest blocks but no majority owner.
