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Sports
January 25, 2024
Barstool Sports and DraftKings Set to Forge Strategic Betting Partnership
Barstool Sports, under the leadership of founder Dave Portnoy, is reportedly in advanced negotiations for a comprehensive sports betting deal with DraftKings. Barstool and DraftKings Forge Unprecedented Marketing Partnership in Secrecy Unlike previous endeavors, this prospective deal is anticipated to take the form of a traditional marketing partnership. Barstool will play a pivotal role in […]
Sports
January 19, 2024
DraftKings Teams up with TUMS for a New Free-to-Play Game
Ahead of Super Bowl LVIII, one of the most anticipated football events across the United States, TUMS, an antiacid brand, joined forces with DraftKings, the leading betting and gaming operator, for the launch of TUMS Prop Bites, a new free-to-play game. The game, described as a “first-of-its-kind platform where fans can make their free food […]
Industry
January 10, 2024
DraftKings Prepares to Launch Online Sports Betting in Vermont
North American gambling giant DraftKings has unveiled its plans to launch its online sportsbook in the state of Vermont on January 11, 2024. This would notable be the 26th US state where the sportsbook is available. Once DraftKings launches in Vermont, the company’s presence will span across almost the entire New England region. The firm’s […]
Business
January 8, 2024
Strong Bettor Performance May Impact DraftKings’ Q4 Results
Currently, DraftKings holds a leadership position within the growing sports betting sector across the US. The company plans to release its fourth quarter results in mid-February, highlighting key details regarding its performance for the last months of 2023. Ahead of the Q4 results, a leading equity research analyst spoke about an anomaly that may impact […]
Sports
January 8, 2024
DraftKings and BetMGM Secure Agreements for North Carolina Expansion
Two major online sportsbooks, DraftKings and BetMGM, have recently inked deals that pave the way for their operations in the Tar Heel State. BetMGM Forges Strategic Alliance with Charlotte Motor Speedway BetMGM, recognized as a leader in sports betting and iGaming, disclosed its strategic partnership with Charlotte Motor Speedway, a prominent motorsports and entertainment venue. […]
Business
December 25, 2023
Tilman Fertitta Confident in DraftKings, Wynn’s Prospects for 2024
In a recent interview with CNBC’s Brian Sullivan, Tilman Fertitta argued that Golden Nugget is not the only equity that is most likely going to benefit from the momentum in the gaming industry in 2024. He also sees Wynn Resorts and DraftKings as sector companies in a very strong position, not least because of his […]
Industry
December 15, 2023
DraftKings Violates Massachusetts’ Credit Card Rules, Faces Adjudicatory Hearing
Sports betting powerhouse DraftKings is under fire in Massachusetts over depositing violations. The operator is now facing an adjudicatory hearing in the state. As it turns out, DraftKings had accidentally allowed its users to use out-of-state credit cards to fuel their accounts, in violation of Massachusetts’ gambling rules. For reference, no gambling operators in the […]
Legal
December 8, 2023
DraftKings Faces Lawsuit in Massachusetts for Misleading Bonus
The Public Health Advocacy Institute, which is the plaintiff, argues that the $1,000 bonus bet offer is unfair and that it misleads players into thinking that they are receiving $1,000 for free. In fact, the terms are near-impossible to complete, the lawsuit seems to allege. Addressing the Nature of Bonus Marketing To obtain the amount, […]
Business
December 7, 2023
DraftKings CEO Confident in Company’s Resilience Amidst ESPN Bet Launch
DraftKings CEO, Jason Robins, has expressed confidence in the company’s position in the online gaming market, stating that the recent launch of ESPN Bet does not pose a threat to DraftKings’ trajectory. DraftKings CEO Jason Robins Stresses Product Excellence Speaking at the 3rd Annual Craig-Hallum Online Gaming Conference, Robins acknowledged the competitive landscape but emphasized […]
Business
December 6, 2023
DraftKings Expands Its Fantasy Offering with Pick6
American sports betting powerhouse DraftKings has unveiled a new peer-to-peer fantasy sports game called Pick6. Debuting in six states, the game leverages simple, yet exciting mechanics that will provide sports fans with hours of fun. DraftKings’ newest fantasy title is debuting in Maryland, Minnesota, Oklahoma, South Carolina, Tennessee and Wisconsin, allowing players to enjoy premium […]