• DraftKings average gross margin for 2023 was 36.66%, a 9.83% increase from 2022.
• DraftKings average gross margin for 2022 was 33.38%, a 16.97% increase from 2021.
• DraftKings average gross margin for 2021 was 40.2%, a 20.71% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.