<SEC-DOCUMENT>0001104659-23-087428.txt : 20230803
<SEC-HEADER>0001104659-23-087428.hdr.sgml : 20230803
<ACCEPTANCE-DATETIME>20230803200130
ACCESSION NUMBER:		0001104659-23-087428
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230801
FILED AS OF DATE:		20230803
DATE AS OF CHANGE:		20230803

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Levin Woodrow
		CENTRAL INDEX KEY:			0001810201

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41379
		FILM NUMBER:		231141821

	MAIL ADDRESS:	
		STREET 1:		535 MISSION STREET
		STREET 2:		11TH FLOOR
		CITY:			SAN FRANSISCO
		STATE:			CA
		ZIP:			941105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DraftKings Inc.
		CENTRAL INDEX KEY:			0001883685
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		(617) 986-6744

	MAIL ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Duke Holdco, Inc.
		DATE OF NAME CHANGE:	20210917
</SEC-HEADER>
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<SEQUENCE>1
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<DESCRIPTION>OWNERSHIP DOCUMENT
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    <documentType>4</documentType>

    <periodOfReport>2023-08-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001883685</issuerCik>
        <issuerName>DraftKings Inc.</issuerName>
        <issuerTradingSymbol>DKNG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001810201</rptOwnerCik>
            <rptOwnerName>Levin Woodrow</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DRAFTKINGS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>222 BERKELEY STREET, 5TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02116</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
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            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-08-01</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>395</value>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>41629</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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            <securityTitle>
                <value>Class A Common Stock</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by OneSix Red, LLC</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
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            <postTransactionAmounts>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by Levin Family 2015 Irrevocable Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

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        </derivativeTransaction>
        <derivativeTransaction>
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                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
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                    <value>D</value>
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        </derivativeTransaction>
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    <footnotes>
        <footnote id="F1">No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units (&quot;RSUs&quot;).</footnote>
        <footnote id="F2">Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.</footnote>
        <footnote id="F3">Represents RSU grant that is being issued in lieu of a quarterly cash retainer.</footnote>
        <footnote id="F4">The RSUs were granted and became fully vested on August 1, 2023.</footnote>
        <footnote id="F5">Represents annual equity grant.</footnote>
        <footnote id="F6">The RSUs were granted on August 1, 2023 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2024 and the first anniversary of the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Faisal Hasan, attorney-in-fact</signatureName>
        <signatureDate>2023-08-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
