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DraftKings (LTS:0ABA) Beginning Cash Position : $1,073 Mil (As of Sep. 2024)


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What is DraftKings Beginning Cash Position?

DraftKings's Beginning Cash Position for the quarter that ended in Sep. 2024 was $1,073 Mil.

DraftKings's quarterly Beginning Cash Position declined from Mar. 2024 ($1,623 Mil) to Jun. 2024 ($1,483 Mil) and declined from Jun. 2024 ($1,483 Mil) to Sep. 2024 ($1,073 Mil).

DraftKings's annual Beginning Cash Position increased from Dec. 2021 ($2,105 Mil) to Dec. 2022 ($2,630 Mil) but then declined from Dec. 2022 ($2,630 Mil) to Dec. 2023 ($1,779 Mil).


DraftKings Beginning Cash Position Historical Data

The historical data trend for DraftKings's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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DraftKings Beginning Cash Position Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beginning Cash Position
Get a 7-Day Free Trial 229.61 220.53 2,104.98 2,629.84 1,778.83

DraftKings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,494.81 1,587.58 1,623.49 1,483.26 1,073.48

DraftKings Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.


DraftKings Beginning Cash Position Related Terms

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DraftKings Business Description

Traded in Other Exchanges
Address
222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 30 states and iGaming in seven states, with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

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