DraftKings' Q2 earnings included the bombshell news that the sports betting operator is being audited by the Internal Revenue Service (IRS) and was subpoenaed by the Securities and Exchange Commission (SEC) regarding activities undertaken by its recent SBTech acquisition. Both cases have the potential to cause major headaches for DraftKings, though company officials deny engaging…
DraftKings has carved out a massive chunk of the regulated US sports betting market by constantly innovating and breaking new ground. The savvy operator has led the way in crafting sponsorship deals with professional sports teams and venues, and is now looking to break into the hospitality business with a chain of sports betting-themed sports…
DraftKings has come a long way since it started life as startup in a garage back in 2012. After dominating the daily fantasy sports market, and occupying a massive chunk of the US sports betting market, the company is entering a new market; non fungible tokens (NFT). Earlier this week, the innovative gaming company announced…
The National Football League (NFL) is partnering with Caesars Entertainment, DraftKings and FanDuel as their official sports betting partners in a deal that will be very valuable to everyone involved. It's also a deal that highlights the supreme hypocrisy of the league that worked tirelessly for decades to prevent regulated sports betting from existing anywhere…
The United States is still, for the most part, virgin territory when it comes to regulated sports betting. During this time of intensive growth,regulated operators are harvesting new customers from wherever they can find them, but they're especially keen on partnering with established sports leagues to benefit from pre-existing customer bases. DraftKings, the US sports…
DraftKings is entering a first-of-its-kind deal with DISH Network that would make sports betting from your TV a reality in America. It's an intriguing deal that shows exactly how create DraftKings is getting with its marketing but isn't this the kind thing that lead Australia and the UK to crack down on operators? On its…
Shares in US sports betting operator DraftKings soared this week as news broke that Ark Investment was adding the up-and-coming stock to its portfolio. Wall Street saw DraftKings' shares spike ten percent on the news and Ark officials say they see nothing but an upside to sports betting and e-sports investing. According to an official…
DraftKings has quickly emerged as one of the leading players in the rapidly expanding world of regulated US sports betting. Along the way, they've trashed a lot of the taboos that had long been held out by anti-sports betting advocates as arguments against regulated sports betting. For example, DraftKings has blazed a trail of marketing…
DraftKings has announced a new deal with the Mashantucket Pequot Tribal Nation (MPTN) - operators of the Foxwoods Resorts Casino in Connecticut, which positions them to be a major player in the East Coast regulated sports betting market. But what the deal accomplishes today is merely an opening act for a much bigger move down…
DraftKings is proving the old business adage that it takes money to make money by losing nearly $350 million in Q3 2020. But those losses are hardly the harbinger of a failing business. In fact, DraftKings is gaining value at a rapid clip and is certainly a contender in the sweepstakes to dominate the newly…
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