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DraftKings Secures $700 Million in New Term Loan Facility

PUBLIC · DKNGAug 25, 2026•1 day ago

Amount Raised

$700 Million

Round Type

Funding Round

BostonOtherGamingSportsMobile Apps

Investors

Various Financial InstitutionsMorgan Stanley Senior Funding, Inc.

Description

On August 25, 2026, DraftKings Inc. entered into an amendment to its credit agreement, which includes a new class of incremental term loans. The new term loans amount to $700 million, due 2033, under the Amended Credit Agreement. This financing is intended to support the company's growth initiatives and strategic investments

Company Information

Company

DraftKings

Location

222 Berkeley Street

Boston, Massachusetts, United States

About

DraftKings Inc. is a leading digital sports entertainment and gaming company founded in 2012 and headquartered in Boston. The company offers products across daily fantasy sports, regulated gaming, and digital media, aiming to make life more exciting through responsible, real-money gaming experiences. DraftKings Sportsbook operates in 28 U.S. states, Washington, D.C., and Ontario, while its iGaming platform is active in several U.S. states and Canada under the DraftKings and Golden Nugget Online Gaming brands. It also owns Jackpocket, the top U.S. digital lottery courier app, and DraftKings Network, a multi-platform content ecosystem. Partnered with major leagues like the NFL, NBA, and NHL, DraftKings continues to lead in innovation and responsible gaming.

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