DraftKings Inc. Schedule 13G/A: JPMorgan Chase & Co. reports beneficial ownership of 22,801,938 shares of Class A common stock, representing 4.4% of the class. This is Amendment No. 1 to the Schedule 13G and the filing is signed on 03/05/2026.
Positive
None.
Negative
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Insights
JPMorgan holds a 4.4% stake in DraftKings as disclosed in the amendment.
JPMorgan Chase & Co. reports beneficial ownership of 22,801,938 shares of DraftKings Class A common stock, equal to 4.4% of the class. The filing is labeled as Amendment No. 1 and signed on 03/05/2026.
Timing and transaction details are not stated in the excerpt; subsequent filings would show activity if holders trade. Cash‑flow treatment and any arrangements on behalf of other persons are not indicated in the provided text.
Disclosure is a routine beneficial ownership update by an institutional holder.
The schedule lists sole voting and dispositive power of 22,801,938 shares for JPMorgan Chase & Co., with 0.0% shared power shown. Subsidiaries listed include J.P. MORGAN SE, J.P. Morgan Securities PLC, and J.P. Morgan Securities LLC.
The filing notes "Ownership of 5 percent or less of a class" language; this report documents an institutional position without further operational or contractual changes in the excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
DRAFTKINGS INC.
(Name of Issuer)
Class A Common Stock, $0.0001 par value
(Title of Class of Securities)
02/27/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
JPMORGAN CHASE & CO.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
22,801,938.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
22,801,938.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
22,801,938.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
DRAFTKINGS INC.
(b)
Address of issuer's principal executive offices:
222 Berkeley Street 5th Floor Boston MA 02116
Item 2.
(a)
Name of person filing:
JPMORGAN CHASE & CO.
(b)
Address or principal business office or, if none, residence:
270 Park Avenue,,New York, NY 10017
(c)
Citizenship:
DE
(d)
Title of class of securities:
Class A Common Stock, $0.0001 par value
(e)
CUSIP No.:
26142V105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
22801938
(b)
Percent of class:
4.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
22801938
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
22801938
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
J.P. MORGAN SE;
J.P. Morgan Securities PLC;
J.P. Morgan Securities LLC
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does JPMorgan hold in DraftKings (DKNG)?
JPMorgan Chase & Co. reports beneficial ownership of 22,801,938 shares, representing 4.4% of DraftKings Class A common stock as disclosed in the amendment.
When was the Schedule 13G/A amendment for DKNG signed?
The amendment is signed by Rachel Tsvaygoft on 03/05/2026, and the form header references 02/27/2026 in the document excerpt.
Does JPMorgan report voting or dispositive power over these DKNG shares?
Yes. The filing shows JPMorgan with sole voting power of 22,801,938 shares and sole dispositive power of 22,801,938 shares, and 0 shared powers.
Are any subsidiaries identified as holding the DKNG shares for JPMorgan?
The filing lists subsidiaries including J.P. MORGAN SE, J.P. Morgan Securities PLC, and J.P. Morgan Securities LLC in the identification section.
Does this filing indicate JPMorgan is selling or buying DKNG shares?
The Schedule 13G/A excerpt discloses beneficial ownership and does not describe any specific purchases or sales of DraftKings shares in the provided text.
