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Business
March 11, 2021
DraftKings Strikes a Deal with Yuengling Brewery
Sports betting giant DraftKings has agreed on a partnership with America’s oldest brewery, D.G. Yuengling & Son. Yuengling & Son Are the DraftKings Tournament’s Official Sponsor Yuengling & Son and DraftKings have announced they have entered an official agreement. With this collaboration, the companies aim to bring fans together through people’s love of sports and […]
Business
March 10, 2021
DraftKings Foresees $22 Billion in Handle in Fully Legal Online US Betting Market
The sports betting firm has improved its long-term financial projections after publishing strong 2020 results and due to heightened demand in online sports betting. EBITDA Expectations Up to $1.7 billion DraftKings has increased its long-term earnings before interest, tax, depreciation, and amortization (EBITDA) expectations from $1 billion to $1.7 billion. The forecast comes after the […]
Business
March 10, 2021
DraftKings Makes $350,000 Donation to Support Women-Owned Businesses
To commemorate Women’s Day, DraftKings has pledged to donate $350,000 to non-profit organizations supporting women around the world. DraftKings’ Direct Donation of $150,000 for Women’s Day Daily fantasy sports and betting operator DraftKings has promised to make a $350,000 donation to organizations in support of female-owned businesses. Along with an initial donation of $150,000, DraftKings will donate […]
Business
March 4, 2021
DraftKings Becomes UFC’s First-Ever Official Sportsbook Partner
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 […]
Legal
March 4, 2021
DraftKings Settles MDL, Pays $7.28M and $720K to Players
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 […]
Business
March 3, 2021
DraftKings and Dish TV Agree for DraftKings App Integration
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 […]
Industry
March 2, 2021
VA January Sports Betting Handle Second-Best for Debut Month
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 […]
Business
February 28, 2021
DraftKings CEO Weighs in on Trading vs Gambling Argument
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 […]
Business
February 26, 2021
DraftKings Reports Increased Q4 and 2020 Revenue
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 […]
Sports
February 25, 2021
DraftKings Hires Baseball All-Time Iron Man Ripken as Advisor
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 […]