NEW YORK CITY, NY / ACCESS Newswire / November 10, 2026 / Wall Street sent DraftKings Inc. (NASDAQ: DKNG) shares down roughly 25% top open at about $17.34 on November 6, 2026, after the Company's third-quarter report showed revenue of approximately $1.33 billion, below analyst expectations, along with a larger-than-expected loss. If you bought DKNG and are now holding a loss, you may have legal rights. Find out if you can recover your DKNG losses. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

The miss came even as the top line grew. Third-quarter revenue rose $185.0 million from the prior-year period but still landed short of consensus. The quarterly report on Form 10-Q, released the same day, showed an operating loss of $493 million for the three months ended September 30, 2026.

The market reaction was immediate. DKNG lost roughly one-fifth to nearly one-quarter of its value as The Wall Street Journal, Benzinga, Investing.com and GuruFocus reported the results. Levi & Korsinsky has opened an investigation into potential securities law violations on behalf of DraftKings investors who suffered losses.

Shareholders who lost money in the DKNG selloff are encouraged to submit their loss details for a free review or call (212) 363-7500.

ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.

Frequently Asked Questions About the DKNG Investigation

Q: How much did DKNG stock drop? A: Shares opened down roughly $6.18 per share, a decline of about 26.28% to open at around $17.34 per share on November 6, 2026. The decline followed the Company's disclosure of third-quarter results, including a $469 million net loss, and a reduced fiscal 2026 revenue outlook. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether DraftKings made materially false or misleading statements regarding its business performance and outlook ahead of its third-quarter report. When the Company disclosed its November 6, 2026 results, the stock price declined sharply.

Q: When did DraftKings allegedly mislead investors? A: The investigation concerns statements made before the corrective disclosure that allegedly caused investors to purchase securities at inflated prices.

Q: What do DKNG investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my DKNG shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought DKNG and sold at a loss may still participate in the investigation.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE: Levi & Korsinsky, LLP