Business
August 9, 2022
DraftKings Finally Cuts Back on Heavy Ad Spending to Focus on Profits
In February, Boston-based online gaming and sports entertainment company DraftKings expressed its plans to grow its market share for the remainder of the year. Accordingly, its ad spending budget was beefed up considerably during the first quarter. At the end of May, the company signed a multi-market agreement with High 5 Games to strengthen its […]
Sports
August 8, 2022
DraftKings Unveils Promotions for Kansas Launch
DraftKings, an American daily fantasy sports contest and sports betting company, is preparing for the launch of sports betting in Kansas. The state’s government recently legalized the betting vertical but is yet to launch it officially. The state decided to allow a total of 12 sportsbooks to operate locally and pay a 10% tax. In […]
Business
August 8, 2022
DraftKings’ Q2 revenue rises 57% compared to 2021
Gambling giant DraftKings released the official report on its second-quarter earnings. The company’s revenue and EBITDA exceeded expectations, improving its overall financial forecast for the remainder of the year. DraftKings stocks reacted positively to the news and jumped by nearly 10%. Earnings Exceeded Previous Estimates The gaming operator recorded revenue of $466 million for the […]
Industry
July 29, 2022
DraftKings Attends, Promotes, and Sponsors Conference on Responsible Gambling
The National Council on Problem Gambling (NCPG) partnered with the Massachusetts Council on Gaming and Health (MACGH) to host the 2022 National Conference on Gambling Addiction and Responsible Gambling. The 36th iteration of the event took place on 20 – 22 July in Boston and gathered over 600 individuals. Industry representatives, responsible gambling advocates, and […]
Legal
July 4, 2022
Flutter and Entain Allocated $100m for California Lobbying
British sports betting duo Entain and Flutter Entertainment is putting aside a $100 million war chest to convince Californians to support their sports betting proposal on the November ballot. In the meantime, the rivalry with the tribes kicked in with a bang. Everyone Gets a Piece of the Pie The lobbying funds set aside by […]
Industry
July 1, 2022
AGCO issues CAD$100,000 Fine to DraftKings in Ontario, Canada
The Alcohol and Gaming Commission of Ontario has issued a new penalty to the tune of CAD100,000 targeting DraftKings. The company received a Notice of Monetary Penalty, the standard document used to notify operators about breaches of the existing gambling law, on Thursday. DraftKings Latest Company to Be Fined over Gambling Shortcomings The notice listed […]
Industry
June 28, 2022
Roe vs Wade Prompts DraftKings to Issue $10,000 Benefits Package
DraftKings, a US-based sports betting giant with a global reach, has become the latest industry company to respond by condemning the decision of the US Supreme Court to overturn the Roe vs Wade decision which effectively prohibited individual states from banning abortions en masse. With the decision overturned, though, many conservative states across the United […]
Casino
June 24, 2022
DraftKings Adds Live Dealer Casino Games in West Virginia
Sports gambling company DraftKings announced today its online casino offering in West Virginia has expanded effective Friday, June 24, 2022, offering players in the state more iGaming products including live dealer games. Live Dealer Games, Shared Multiplayer Environment The addition of live dealer casino games will offer DraftKings’ players in West Virginia to compete against […]
Industry
June 14, 2022
DraftKings and BetBlocker Team to Promote Safe Play
DraftKings, a major casino, sports betting and daily fantasy company, has inked a partnership with BetBlocker, a leading responsible gaming charity. As the charity’s partner, the operator will promote its proven solution and urge problem bettors to seek help. DraftKings to Promote BetBlocker’s Software DraftKings has committed to propagating safer gambling and will spread awareness […]
Blockchain
June 11, 2022
DraftKings and UFC Announce Reignmakers UFC NFT Game
Sports gambling and technology company DraftKings and the Ultimate Fighting Championship (UFC) announced today their plans to launch a UFC-focused iteration of DraftKings’ “Reignmakers.” Expanding Partnership into Blockchain The new iteration of gamified digital collectibles with a focus on UFC will offer fans of the professional fight league to collect their favorite UFC fighters and […]