DKNG
DraftKings Inc.
Is DKNG Halal?
HARAM: sportsbook and iGaming platform; total current revenue is a conservative prohibited-platform proxy.
What You Should Know
DraftKings operates online sports betting and gambling. The entire business model is based on maysir. Its March 31, 2026 filing reports $1,094.874 million of sportsbook revenue and $461.300 million of iGaming revenue, with $1,646.076 million of total revenue; debt/assets is 42.61%. The quantitative review does not soften the existing qualitative verdict.
⚠️ Concerns
- •Core business is sports gambling and iGaming
- •Sportsbook and iGaming revenue were $1,556.174 million
- •Debt/assets was 42.61%
- •Maysir is explicitly haram in Quran and addiction risk is material
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
1,835.311 / 4,307.532
999.404 / 4,307.532
1,085.523 / 4,307.532
0 / 1,646.076
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.61%, above the 33.333% limit; liquidity/assets is 23.20%, receivables-plus-cash/assets is 25.20%, and total revenue is used as a conservative gambling-platform proxy.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.61%, above the examined MSCI total-assets limit; the sportsbook and iGaming activity screen also fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.61%, above the examined Malaysia limit; sportsbook and iGaming are core prohibited activities. This is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; asset-based financial and business-activity screens already fail.
Business-activity disclosure
DraftKings is a sportsbook and iGaming platform. Its core revenue comes from sports wagering and online casino products, which are maysir and prohibited under Islamic law.
Limitation: The filing separates sportsbook, iGaming and other revenue but the platform's other revenue is not independently classified; total revenue is therefore used as a conservative activity proxy.
Purification
The filing reports net interest expense rather than positive interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage for other potentially non-compliant items.
Inputs, assumptions and primary sources
- Amounts are USD millions from DraftKings' March 31, 2026 Form 10-Q.
- Debt includes convertible notes of $1,259.755 million and the Term B Loan of $575.556 million.
- DraftKings disaggregates $1,094.874 million of sportsbook revenue, $461.300 million of iGaming revenue and $89.902 million of other revenue; total revenue is used as a conservative prohibited-platform proxy.
- Interest income (expense), net was an expense of $5.739 million; no positive interest-income amount is separately disclosed, so the non-compliant-income input is zero rather than an invented estimate.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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