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Sports
September 25, 2024
New York Lawmakers React Strongly Over DraftKings’ Fee on Winning Bets
DraftKings planned to add a fee to winning sports bets in states with high taxes. This sparked a lot of anger from New York’s rulemakers. DraftKings Drops Surcharge Plan Amid Criticism from New York Regulator DraftKings wanted this fee to help cover the cost of high tax rates. However, they dropped the idea just two […]
Industry
September 19, 2024
DraftKings Contributes $5M to Missouri Sports Betting Legalization Campaign
DK Crown Holdings Inc., the parent company of industry-leading operator DraftKings, has made a significant move in the ongoing effort to legalize sports betting in Missouri by donating $5 million to the “Winning for Missouri Education” campaign. The contribution is Missouri’s most substantial political donation in over 16 years in the push to legalize sports […]
Industry
September 17, 2024
MLBPA Sues DraftKings, FanDuel, and Others Over Image Rights Violations
The Major League Baseball Players Association (MLBPA) has taken legal action against big names in sports betting, including DraftKings, FanDuel, Bet365, and Underdog Fantasy. The MLBPA claims these companies have used player names and images without permission. MLBPA Accuses Sports Betting Giants of Exploiting Player Images Without Licensing Agreements On September 16, 2024, the MLBPA […]
Sports
September 16, 2024
Massachusetts Regulator Investigates DraftKings Over 1.2M Misguided Emails
DraftKings faces an investigation by the Massachusetts Gaming Commission (MGC) after a big mistake led to over 1.2 million unwanted emails sent to state residents, including people on a voluntary self-exclusion list. DraftKings Sends Bonus Bet Emails to Unregistered Users DraftKings sent these emails in August telling recipients about a “bonus bet” they would get […]
Business
September 11, 2024
DraftKings Eyes Other Solutions to Deal with Taxes after Surcharge Failed
DraftKings recently gave up on its plans for a surcharge fee after it received а strong backlash from its customer base. Fans were not on board with the changes, which caused an immediate blow to the operator’s stock. The company might have given up on the surcharge but it is still looking for ways to […]
Business
September 6, 2024
DraftKings: Live Betting Improvements Are Key to Increased Market Share
DraftKings CEO Jason Robbins provided an insight into his company’s plans for the NFL season. According to him, his company might be able to catch up to FanDuel this season and cut into its competitors’ revenue share. DraftKings Hopes to Challenge FanDuel DraftKings and FanDuel have long exerted dominance over the US betting sector, competing […]
Industry
September 3, 2024
DraftKings Fined $20K in Connecticut Due to Online Slot Glitch
There’s an old saying that goes “the house always wins,” and while that may be the case for some card games, slots usually operate in a different manner. Land-based and online slot games offer different return-to-player (RTP) rates. Generally speaking, a slot is fair considering that it pays a specific percentage on each dollar spent, […]
Business
September 3, 2024
FanDuel Gains Market Share in July Ahead of Football Season
Although the United States is recognized as a leading and competitive sports betting market, considering that nearly 40 states offer the activity and there are more than a dozen operators offering their services, a duopoly continues to hold a major stake in the vertical. FanDuel and DraftKings continue to hold a significant share of the […]
Business
August 29, 2024
DraftKings Enhances Micro-Betting Capabilities with Acquisition of Simplebet
Digital sports entertainment and gaming giant DraftKings, Inc. will significantly enhance its micro-betting capabilities by acquiring micro-market pricing and sports betting content company Simplebet. This strategic transaction will mark a significant evolution in DraftKings’ in-game wagering capabilities as it leverages Simplebet’s advances with machine learning algorithms. Live Betting Is the New Hot Thing in Sports […]
Business
August 28, 2024
Co-Founders Liberman and Robins Sell Over $10M of DraftKings Shares
DraftKings co-founders Paul Liberman and Jason Robins have collectively sold over $10 million worth of the company’s shares in the last few days. Liberman and Robins Sold Thousands of Shares Liberman, who serves as DraftKings’ president of global tech and product, sold 78,466 shares on Monday for approximately $3.15 million. The shares were sold in […]
