By Julie Moraine

Business

DraftKings Becomes UFC’s First-Ever Official Sportsbook Partner

March 4, 2021

Daily fantasy and sports betting operator DraftKings announced today it entered into a groundbreaking agreement with the world’s premier mixed martial arts (MMA) organization, UFC. First-Ever Official Sportsbook and DFS Partner Under the terms of one of the most significant in the history of UFC agreement, DraftKings will become the organization’s first-ever Official Sportsbook and […]

By Julie Moraine

Legal

DraftKings Settles MDL, Pays $7.28M and $720K to Players

March 4, 2021

Boston-based daily fantasy and sports betting operator DraftKings agreed to pay nearly $8 million to settle its part of a multidistrict class action lawsuit and take steps to prevent compulsive player behavior. DraftKings and FanDuel The lawsuit was filed by players against the two big boys in daily fantasy sport (DFS) and sports betting, DraftKings […]

By Julie Moraine

Business

DraftKings and Dish TV Agree for DraftKings App Integration

March 3, 2021

Daily fantasy and sports betting operator DraftKings and satellite television and wireless provider Dish Network Corporation signed a strategic agreement for the integration of DraftKings’ daily fantasy sports and sports betting app into the services of the TV provider. Dish Hopper TV The strategic agreement starts with the integration of the sports betting app into […]

By Julie Moraine

Industry

VA January Sports Betting Handle Second-Best for Debut Month

March 2, 2021

Sports betting in Virginia took to a flying start after sportsbooks gobbled nearly $59 million in sports betting handle for just 11 days of operation in January. Successful Debut Month The Virginia Lottery released its monthly report revealing sports betting operators collected in January wagers amounting to $58.9 million, the second-highest monthly total in US […]

By Mike Johnson

Trading

DraftKings CEO Weighs in on Trading vs Gambling Argument

February 28, 2021

DraftKings CEO Johnson Robins has discussed the potential of mobile betting, the Robinhood saga, and pent-up demand for sports with CNBC’s Power Launch host.  Robins Says Trading and Gambling Are Different Products  Last week, DraftKings CEO Johnson Robins spoke to CNBC’s Power Lunch and discussed whether the recent trading saga with GameStop has made more […]

By Mathilde Adam

Business

DraftKings Reports Increased Q4 and 2020 Revenue

February 26, 2021

DraftKings revealed Friday its financial results for Q4 and 2020, with a strong revenue growth reported due to an increased interest in sports betting. Deals, Customer Acquisition, and a Busier Sporting Schedule DraftKings presented today its financial results for 2020 and Q4, with its yearly revenue up 49% compared to 2019. The strong rise in […]

By Julie Moraine

Sports

DraftKings Hires Baseball All-Time Iron Man Ripken as Advisor

February 25, 2021

Daily fantasy and sports betting operator DraftKings announced today it appointed Carl Ripken Jr. as a special advisor to the board of directors. The baseball legend and entrepreneur will be giving insights to the board and the CEO on key initiatives. Baseball Legend Carl Ripken Jr., who has an illustrious career in baseball being one […]

By Mike Johnson

Business

DraftKings Moves Jennifer Aguiar in Key Compliance Role

February 16, 2021

Compliance veteran Jennifer Aguiar will now take over DraftKings’ international and domestic compliance strategy as CCO. DraftKings Boosts Compliance with Jennifer Aguiar at the Helm DraftKings has appointed Jennifer Aguiar as chief compliance officer to serve directly under Jason Robins, the company’s CEO and chairman. Aguiar is taking the reins over from Tim Dent as […]

By Julie Moraine

Industry

Sports Betting in Indiana Posted Fifth Month of Record High

February 15, 2021

Sports betting in Indiana continued to grow in January, the monthly revenue report from the Indiana Gaming Commission (IGC) revealed, making the first month of 2021 the fifth consecutive to break the previous high in revenues. Another Record Month Sportsbooks in the state generated $348.2 million in sports wagers in January, two times more compared […]

By Mike Johnson

Sports

DraftKings CEO Reports Spike in Betting for Super Bowl LV

February 6, 2021

In an interview for Cheddar, DraftKings Jason Robins spoke about the upcoming Super Bowl LV game and the betting activity associated with it. DraftKings Boss Says Activity Spiking Ahead of Super Bowl LV With hours left before the Super Bowl, the biggest operators in the industry are expecting a significant increase in betting activity. The […]