Industry
January 6, 2023
OCCC Slapped DraftKings, Caesars, BetMGM with $150K Fines
The Ohio Casino Control Commission (OCCC) slapped three sportsbooks with a $150,000 fine each for violating the advertising rules related to sports gambling to send a clear message to the industry that it needs to abide by the rules. Compliance to Be Enforced The state’s regulator took administrative action against BetMGM Sportsbook, Caesars Sportbook and […]
Business
January 3, 2023
Ohio Regulator Claims DraftKings Breached Advertising Rules
On Friday, the Ohio Casino Control Commission (OCCC), the regulatory body in charge of gambling activities in the state, announced that it plans to take administrative action against DraftKings. DraftKings May Be Subject to a $350K Fine The regulator claimed that the sports betting operator breached the state’s sports gaming advertising rules. A statement released […]
Casino
December 1, 2022
DWG Signs Michigan Content Deal with DraftKings
Design Works Gaming (DWG) has launched its full portfolio of games in Michigan through a link-up with DraftKings. DraftKings is a prominent sportsbook and casino in the United States, which has been expanding its reach in the iGaming sector. This marks the latest iGaming partner the supplier has secured in the Great Lakes State after […]
Industry
November 29, 2022
DraftKings to Launch DK HORSE Powered by CDI’s TwinSpires
A multi-year agreement between DraftKings and Churchill Downs Incorporated (CDI) is set to bring pari-mutuel wagering on horse racing to the Boston-based gaming operator, both companies announced today. Pari-Mutuel Horse Wagering App The agreement with CDI will see CDI’s subsidiary and supplier of online horse racing wagering platform, TwinSpires, provide advance deposit wagering (ADW) technology […]
Business
November 22, 2022
DraftKings Shares Fall Following Hack Attack on Customer Accounts
DraftKings shares tumbled down almost 11% after the company announced on Twitter on November 21 that customer accounts were hacked and funds were withdrawn from them. DraftKings Accounts Hack Attack Affected Less Than $300,000 Customer Funds The DraftKings statement, which the company posted on Twitter on Monday, highlights that it is a question of not […]
Industry
November 18, 2022
DraftKings Became Sponsor of KPI’s Veteran Transition Program
Sports technology company DraftKings announced it has furthered its commitment to responsible gaming in a health-informed approach via sponsorship of Kindbridge Research Institute (KRI). Supporting the Next Generation of Researchers DraftKings agreed to provide multi-year funding to KRI and become the sole sponsor of KRI’s Military Research Associate Program (MRAP), which is designed to assist […]
Sports
November 18, 2022
DraftKings, Ready to Launch Maryland Sportsbook App Ahead of Thanksgiving
Digital gaming and sports entertainment company that offers regulated gaming, daily fantasy, and digital media products DraftKings has announced the upcoming launch of its online sportsbook app in Maryland. The launch will come ahead of the National Football League action on Thanksgiving and it will be preceded by an early access test period. The New […]
Sports
November 8, 2022
DraftKings Contributes $75K to New York Governor’s Campaign
Who would’ve thought that three $25,000 donations would feel like a drop in the bucket when talking about the casino industry showing its political support? DraftKings CEO Contributed $25K Chief executive officer (CEO) of DraftKings Jason Robins was reported by New York Post to have donated $25,000 to Gov. Kathy Hochul’s campaign. The donation was […]
Sports
November 7, 2022
DraftKings, Bay Mills Celebrate New Sportsbook
After announcing its massive $65 million expansion plan for the spring of 2023, BMIC-owned Bay Mills Resort & Casino officially opened its new permanent retail sportsbook in collaboration with Nasdaq-listed digital gaming and sports entertainment company DraftKings. The resort and casino placed in the upper peninsula in Brimley, Michigan celebrated the much-anticipated opening of DraftKings’s […]
Business
November 4, 2022
DraftKings Posts Stellar Q3 Results
Daily fantasy sports and sports betting giant DraftKings has posted its financial results for the third quarter of 2022. The company reported a stellar performance and improved its annual AEBITDA guidance accordingly. DraftKings Posted Its Q3 Results According to its Q3 results, DraftKings had revenue of $502 million, representing a 136% year-on-year increase. The company […]