DraftKings and White Gaming were hit with a $22,500 fine by Connecticut gaming regulators over an online slot machine game that was literally unwinnable. Regulators charged DraftKings $19,000 and White Gaming $3500 after regulators played more than 20,000 spins on a Deal or No Deal Banker’s Bonanza game without a single win. The Deal or…
DraftKings is upping its artificial intelligence and micro-betting capabilities with the acquisition of its one-time rival Simplebet. With this acquisition, DraftKings will be in position to seriously increase the volume and quality of in-play markets it offers players right as the critical US football season gears up for serious play. Simplebet has made a name…
DraftKings is calling off its controversial plan to add a surcharge to winning bets in select states with high taxes on sports betting operators. It was a plan that likely looked good on paper but was a total flop with players. More importantly, to DraftKings, other sports betting operators failed to follow DraftKings' lead when…
DraftKings CEO Jason Robins is fighting back against high tax rates on sports betting operators with the announcement of a new surcharge on winning wagers starting January 1, 2025. The new surcharge will only apply in states where the current tax rate is 20 percent or higher. Robins framed the new surcharge as a necessity…
After three years of ups and downs, DraftKings is officially out of the NFT business. The sports betting operator shuttered it Reignmakers and its NFT Marketplace this week after a judge in a Massachusetts District Court judge allowed a lawsuit alleging that the compamy's NFT Marketplace was peddling unregistered securities to move forward. Plaintiff Justin…
The New Jersey Department of Gaming Enforcement (DGE) is hitting DraftKings with a $100,000 fine for improperly reporting the amount of money wagered on parlay bets. DraftKings' reporting errors occurred over a period of several months across 2023-2024 and were tied directly to the company's casino partner, Resorts International. Licensed online betting operators are responsible…
Are America's sports betting aficionados ready to take a long, hard look in the mirror and ask themselves, "Am I doing the right thing?". With the launch of My Stat Sheet, a suite of tools that allows players to easily determine their lifetime win/loss ratio and other personal stats, that's exactly what DraftKings is betting…
FanDuel is signing on as the official betting partner of the Carolina Panthers football team. The move comes just days ahead of the official launch of regulated sports betting in North Carolina. It's a move that helps widen FanDuel's footprint into a regional market that's certain to see plenty of sports betting action. Under the…
DraftKings is expanding its portfolio of services in a pretty significant manner with its recent acquisitions of the lottery app, Jackpot. The blockbuster purchase cost the sportsbook and daily fantasy sports operator $750 million, while putting it in the driver's seat of the US online lottery market. Jackpot is a downloadable app that allows players…
DraftKings is partnering up with NASCAR in the new North Carolina market. It's a deal that puts the operator in the driver's seat of promotions right in NASCAR's home base; and gives DraftKings a nice boost in an emerging market. Under the terms of the deal, which is still awaiting regulatory approval from North Carolina…
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