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Business
May 20, 2024
Historic Sports Betting Week for New York and DraftKings
The second week of May proved to be a busy period for licensed sports betting operators in New York, data released by the gambling regulator, the New York Gaming Commission, reveals. Besides a busy period, the week that ended May 12 enabled DraftKings to set a new weekly revenue record. Previously, FanDuel held the revenue […]
Business
May 17, 2024
FanDuel Dominates US Market Share in April, JMP Confirms
There are two leading betting and gaming operators that compete for the top spot across the United States. An overwhelming majority of nearly 40 US states offer some form of betting and competition between FanDuel and DraftKings for the top spot has never been greater. Cumulatively, the duo holds a significant share of approximately 80% […]
Business
May 9, 2024
DraftKings Acquired Sports IQ Analytics for an Undisclosed Sum
American gambling giant DraftKings has acquired Sports IQ Analytics, a company that uses advanced artificial intelligence and machine learning techniques to provide cutting-edge software solutions for the online sports gambling industry. The arrangement was announced by the latter company’s chief executive officer, Omer Dor and comes a week after DraftKings published its report for the […]
Industry
May 8, 2024
DraftKings Casino Handed Millions in Jackpots in April
The DraftKings Network has published information about the biggest DraftKings Casino jackpot winners in April. By the end of the month, the operator had handed a total of 18 jackpots of over $100,000. The jackpots were won by people in a variety of states engaging in different forms of gambling, such as virtual tables and […]
Business
May 3, 2024
DraftKings Reports Impressive Q1 2024 Financials, Raises Guidance
DraftKings Inc. has announced its financial results for the first quarter of 2024, posting robust revenue growth and providing an optimistic outlook for the rest of the year. The company also shared updates on its business performance and strategic prospects as it hopes to further capitalize on the spread of regulated sports betting and iGaming […]
Legal
May 1, 2024
Legal Dispute between DraftKings and Fanatics Heats Up
The District Court of Massachusetts granted DraftKings a preliminary injunction against Mike Hermalyn, a former executive accused of stealing and sharing trade secrets with rival company Fanatics. Hermalyn, who served as vice-president of VIP at DraftKings and now holds the position of president of VIP at Fanatics, will face restrictions on his role at the […]
Industry
May 1, 2024
DraftKings & Everi Appear on Energage’s Top Workplaces List
DraftKings and Everi, among other gaming companies, have appeared on Energage’s Top Workplaces USA 2024 list, highlighting the companies’ commitment to ensuring the well-being of their employees. The Top Workplaces award celebrates companies that prioritize people-centered culture and give their employees a voice. The list is based entirely on employee feedback. Everi, a Las Vegas-based […]
Sports
April 30, 2024
DraftKings Takes the Cake in New York in a Single Week
The data shows that DraftKings was able to pull in a total of $27.3 million in terms of sports gambling revenue, half of the market total more or less. DraftKings posted a hold level of 14.6% on the $187.1 million wagered with the platform during the week and set a new record for itself. DraftKings […]
Industry
April 23, 2024
Weak Q1 Betting Results Hindered iGaming’s Contributions, JMP Says
JMP Securities analysts say that iGaming in the United States remains on the rise. The online casino industry’s successes, however, were offset by the suboptimal performance of the US sportsbooks, the financial services company added. As reported by Next.io, JMP Securities’ experts recorded strong trends in betting handle during the first quarter of the year. […]
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
