Business
October 5, 2020
DraftKings Is Seeking to Raise $1B through a Public Offering
NASDAQ-listed daily fantasy and sports betting operator DraftKings announced today it started an underwritten public offering of 32 million shares of its Class A common stock, looking to raise in excess of $1 billion. DraftKings explained in the investor update it released on its website that half of the total amount of shares will be […]
Business
October 1, 2020
DraftKings Signs Partnership Deal with Philadelphia Eagles
Daily fantasy sports and betting operator DraftKings announced today a new strategic partnership with the National Football League (NFL) franchise Philadelphia Eagles. According to the terms of the multi-year deal, DraftKings will be the Official Daily Fantasy Sports Partner and Official Sports Betting Partner of the Philadelphia Eagles. Naming Rights DraftKings will also be granted […]
Business
September 25, 2020
DraftKings Opens New Retail, Teams up with Colorado Rockies
DraftKings continues to expand its presence on the U.S. sports betting market. The company became an official sports betting operator for the Colorado Rockies and announced the opening of its new retail sports betting at Mardi Gras Casino in Black Hawk today. DraftKings Became an Official Sports Betting Operator of the Colorado Rockies The digital […]
Business
September 16, 2020
DraftKings Becomes Giants’ Official Sports Betting Operator
Daily fantasy and sports book operator DraftKings announced today it entered into an exclusive multi-year arrangement with the New York Giants. According to the terms of the deal, DraftKings is becoming the Official Sports Betting, iGaming and Daily Fantasy operator for the franchise from the National Football League (NFL). SportsLounge to Further Engage with Fans […]
Casino
September 15, 2020
ESPN Signs Odds Data Deals with William Hill and DraftKings
ESPN, a sports broadcaster, has inked a landmark partnership with Caesars Entertainment and DraftKings. As a result, ESPN will display William Hill sports betting odds and daily fantasy sports stats from DraftKings in a bid to expand its involvement with sports betting. Already providing solid betting analytics, ESPN will continually post and link to William […]
Business
September 3, 2020
DraftKings Opens Second Venue in New Hampshire, Signs Partnership with Chicago Cubs
DraftKings reveals a new sportsbook location in Manchester, New Hampshire. The company also announced a key partnership with The Chicago Cubs, making DraftKings an official and exclusive sports betting and daily fantasy partner. DraftKings’ Second Retail Location in New Hampshire The digital sports entertainment and gaming company DraftKings announced today the opening of a new […]
Business
September 3, 2020
Michael Jordan Joins DraftKings Board as Special Advisor
The digital sports entertainment and gaming company, DraftKings welcomes the iconic basketball player Michael Jordan as a special advisor. The six-time NBA Finals MVP will be overseeing activities as a part of the board of directors and provide strategic guidance. The Legend Michael Jordan Joins DraftKings’ Board of Directors as Advisor Wednesday, September 2, DraftKings […]
Sports
August 15, 2020
DraftKings & FanDuel May Face Millions in Excise Tax Annually
A major shake-up for the daily fantasy sports (DFS) industry is looming after the decision by the Internal Revenue Service (IRS) that the entry fees for the competitions must be subjected to federal excise tax, threatening to affect large DFS and sports book operators such as DraftKings and FanDuel. An internal memorandum from the Office […]
Business
August 15, 2020
DraftKings Continues US Market Sports Betting Expansion
Latest Q2 2020 report by DraftKings outlined revenue growth, despite the disrupted schedule of major sports leagues earlier this year. The company plans to enter the sports betting market of Virginia, Tennessee and Michigan. DraftKings Plans Further Expansion on the U.S. Market The latest report by the sports betting operator DraftKings outlined strong Q2 revenue […]
Sports
August 13, 2020
DraftKings Becomes First Sportsbook to Launch in New Hampshire
DraftKings has opened the first retail sportsbook in New Hampshire by teaming up with Eureka Casino’s The Brook on the border with Massachusetts. New Hampshire Launches First Retail Sports Betting Location DraftKings has become the first official retail sportsbook to launch in New Hampshire at The Brook in Seabrook this Wednesday, August 12. Located next […]