Sports
March 11, 2022
March Madness Coverage to Run Extensively on DraftKings
DraftKings is ready to bring you ample coverage of the NCAA Men’s College Basketball Tournament that is kicking off in the conditions of massive sports betting interest. The sportsbook itself is offering numerous markets across dozens of states in the USA and will make sure that you don’t miss any of the available brackets. March […]
Sports
March 9, 2022
DraftKings CEO Tweets Provocative Message Aimed at Stock Sellers
DraftKings’ shares took their seventh consecutive daily plunge on Tuesday when they dropped to $17.38. That same evening, the company’s chief executive officer, Jason Robins, posted a provocative message on Twitter. The message was aimed at people who may decide to sell their shares in the sports betting company amid this continuous drop. DrafKings’ Ongoing […]
Blockchain
March 7, 2022
DraftKings Partners with Zero Hash to Serve as Polygon Validator
Sports technology and entertainment company DraftKings announced a new Web3 initiative today that, in collaboration with Zero Hash, will allow it to stake digital assets to support the Polygon blockchain network. Infrastructure to Help Future-Proof Aspects of the Business The new collaboration announced by Boston-based DraftKings will allow it to optimize its working capital and […]
Industry
March 4, 2022
Inspired Entertainment’s Content Now Available in Connecticut
Supplier of gaming technology and content Inspired Entertainment announced today its popular online casino content launched in Connecticut with DraftKings. Expanding Presence in the US The launch of Inspired Entertainment’s online gaming content in Connecticut marked the third US state that now features titles from the rich gaming portfolio of the B2B provider of content, […]
Legal
March 4, 2022
DraftKings Receives a $150K Fine from the DGE in New Jersey
The Division of Gambling Enforcement (DGE) in New Jersey has announced that it imposed a $150,000 fine against DraftKings. The fine comes after the regulator discovered that the operator allowed a man from Florida to place “proxy bets” by using a friend who was in New Jersey. DraftKings Receives Monetary Penalty from the DGE Last […]
Business
March 3, 2022
Morgan Stanley Optimistic about DraftKings’ Stock Despite Short-Term Losses
A recent Morgan Stanley analyst note is bullish on the potential of the DraftKings stock as gaming shares are a hotly debated topic in investment circles. Some have advised that more consolidation of the sector would be needed before any real gains can be realized. Yet, the outlook from Morgan Stanley for the fantasy and […]
Business
February 22, 2022
DraftKings Plans to Grow Its Market Share in 2022
Following the “excellent “performance indicators recorded during Q4 2021, Boston-headquartered digital gaming and sports entertainment company DraftKings Inc. is optimistic about its growth in 2022. CEO and co-founder Jason Robins says the company has big plans to grow and reach new markets in the upcoming months. The Start of 2022 Was “Tremendous” Robins called the […]
Industry
February 18, 2022
DraftKings’ Q4 Earnings Report Revealed Strong Growth YoY
DraftKings announced today its financial results for the three months ended December 31 and full-year 2021 report posting 47% quarterly growth year-over-year with Q4 revenue of $473 million, yet markets reacted by ditching its stock. Revenue Exceeding Expectations Revenue generated by DraftKings in the final three months of 2021 beat the market consensus of $439 […]
Sports
February 18, 2022
Majority of Super Bowl Bets Were Placed Illegally, DraftKings’ CEO States
The CEO of DraftKings, Jason Robins, has stated that even though the Super Bowl has shattered records in terms of wagering, a majority of the bets were conducted illegally. Although 30 states have legalized sports betting, Robins claims the three largest states in the US still consider betting to be an illegal activity in terms […]
Business
February 17, 2022
Customer Acquisition, Promo Costs Take Their Toll on DraftKings
Sports betting and iGaming operators are going through a massive acquisition phase in the US. They’re fighting for customers as each state comes online, and the best way to attract attention is through promotions and bonuses. However, they’re like a double-edged sword. While cutting into competitors’ ability to win a customer, promos also cut into […]