• DraftKings average return on tangible equity for 2023 was 248.82, a 260.61% decline from 2022.
• DraftKings average return on tangible equity for 2022 was 69, a 150.64% increase from 2021.
• DraftKings average return on tangible equity for 2021 was -136.26, a 93.69% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.