DraftKings (DKNG) Fell 26% in One Day and Is Down 50% in 2026

DraftKings stock dropped about 26% on Nov 6, 2026, to roughly $17.30, its lowest level since early 2023.

November 6, 2026 · 90 views · YouTube video: DraftKings Fell 26% Today. Down 50% This Year

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Quick overview

DKNG fell about 26% to roughly $17.30 intraday, erasing over $3B in market value in one session.
Down about 50% in 2026 from $34.46, and about 76% below its $71.98 record close from March 2021.
Trigger: $0.53 loss vs $0.37 expected, a cut 2026 outlook, and $650M–$700M for prediction markets.

-26% DKNG move on Nov 6, 2026 (intraday, ~$17.30)
-50% Year to date, from $34.46 on Dec 31, 2025
-76% Below record close of $71.98 (Mar 19, 2021)

What happened

On Friday, Nov 6, 2026, DraftKings shares fell about 26% to around $17.30 by about 1:15 PM ET, based on Yahoo Finance prices. That wiped out more than $3 billion of market value and took the stock to its lowest level since early 2023.

Q3 2026 results missed. The adjusted loss was $0.53 per share against roughly $0.37 expected, and revenue of $1.33 billion grew 16% but came in below estimates. The company also lowered its 2026 outlook and said it plans $650M–$700M of spending on its prediction markets business, according to Benzinga and Investing.com.

Why it matters

The one-day drop caps a rough year: DKNG closed 2025 at $34.46, so it has roughly halved in 2026. Against its record close of $71.98 in March 2021, about three quarters of the value is gone.

The prediction markets spend is the new variable. Investors are weighing a weaker near-term outlook and a large new cost line against a bet on a growing market. These are intraday numbers taken before the close, and nothing here is financial advice.

Watch the 30-second breakdown of the DraftKings drop on YouTube

FAQ

Why did DraftKings stock fall today?

DKNG dropped about 26% on Nov 6, 2026, after Q3 results showed an adjusted loss of $0.53 per share versus about $0.37 expected, revenue of $1.33B below estimates, a lower 2026 outlook, and planned spending of $650M–$700M on prediction markets.