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DraftKings (MEX:DKNG) Tax Rate % : 7.65% (As of Dec. 2024)


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What is DraftKings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. DraftKings's Tax Expense for the three months ended in Dec. 2024 was MXN-232 Mil. DraftKings's Pre-Tax Income for the three months ended in Dec. 2024 was MXN-3,035 Mil. Therefore, DraftKings's Tax Rate % for the quarter that ended in Dec. 2024 was 7.65%.

DraftKings Tax Rate % Historical Data

The historical data trend for DraftKings's Tax Rate % 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 Tax Rate % Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial 0.05 -0.54 4.70 -1.29 14.56

DraftKings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % 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 -18.30 0.25 773.69 0.44 7.65

DraftKings Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

DraftKings's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=-1800.702/-12370.725
=14.56 %

DraftKings's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=-232.187/-3035.234
=7.65 %

* 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.

DraftKings Tax Rate % Related Terms

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DraftKings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (MEX:DKNG) » Definitions » Tax Rate %
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Traded in Other Exchanges
DKNG:USA 0ABA:UK 8DEA:Germany D2KN34:Brazil
Address
222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
Website
https://www.draftkings.com
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 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.