A display device and a method for driving the same are described. The display device includes a plurality of pixels, a driving characteristic compensator for sensing driving characteristics of the pixels, generating first power source voltage information according to a change in the driving characteristics, and updating an RGB gamma look up table, a memory for storing the first power source voltage information and the RGB gamma look-up table, a power source manager for generating a first power source voltage based on the first power source voltage information, and a gamma controller for generating reference gamma voltages by dividing the first power source voltage supplied from the power source manager based on the RGB gamma look-up table. Therefore, power consumption of the display device may be reduced.