Welcome to our dedicated page for DraftKings news (Ticker: DKNG), a resource for investors and traders seeking the latest updates and insights on DraftKings stock.
DraftKings Inc. (NASDAQ: DKNG) is a prominent American company specializing in daily fantasy sports contests and sports betting. Originating in 2012, DraftKings has made significant strides in the digital sports entertainment industry. The company offers daily and weekly fantasy sports-related contests where users can win money based on individual player performances across a variety of sports, including Major League Baseball (MLB), National Hockey League (NHL), National Football League (NFL), National Basketball Association (NBA), and the Professional Golfers' Association (PGA), among others.
Following the Supreme Court ruling in 2018, which allowed states to legalize online sports wagering, DraftKings expanded into online sports and casino gambling. It currently ranks as one of the top operators in the industry, maintaining a strong presence in both online and retail sports betting across 27 states, as well as iGaming operations in seven states. The company's offerings are also accessible to approximately 40% of Canada's population.
DraftKings operates a diverse portfolio that includes a non-fungible token (NFT) marketplace and licenses online gaming products. The company is committed to creating engaging and responsible gaming experiences. It has formed strategic partnerships with several major sports leagues, such as the NFL, NHL, PGA TOUR, UFC, NBA, and MLB, to enhance its fantasy sports and sports betting offerings. Additionally, DraftKings is an official partner of NASCAR and an authorized gaming operator of MLB.
In recent developments, DraftKings anticipates a significant boost in adjusted EBITDA, projecting an increase of $60 million to $100 million by the fiscal year 2026. The company also prioritizes responsible gaming and corporate social responsibility, offering extensive resources and programs to ensure player well-being.
Headquartered in Boston, DraftKings continues to innovate and lead in the realm of digital sports entertainment. With a mission to fuel the competitive spirit of sports fans, DraftKings is dedicated to delivering the world's favorite real-money games and betting experiences.
DraftKings Inc. is set to launch its mobile and online sportsbook in New York on January 8, 2022, making it the largest state for DraftKings' operations. This launch places DraftKings among the first operators in New York, coinciding with the NFL Playoffs, a peak betting season. The state's sports culture, fueled by numerous professional teams, presents a significant market opportunity. Customers aged 21 and above can engage in various betting activities, although betting on New York colleges is prohibited. This comes after a previous retail sportsbook opening in August 2019.
DraftKings, in partnership with the NFL Players Association and OneTeam Partners, is set to launch NFT-based games featuring NFL players during the 2022-2023 season. This integration will mark the first gamified NFTs endorsed by active NFL players, utilizing their name, image, and likeness rights. Players can expect diverse NFT collections, allowing them to engage in games, buy, and sell collectibles on the DraftKings Marketplace, supported by a partnership with Polygon for efficient blockchain operations.
DraftKings (Nasdaq: DKNG) announced that Chief Financial Officer Jason Park will participate in the Jefferies Sports Betting & iGaming Summit on December 2, 2021, at 10:00 AM ET. Attendees can access registration and live streaming through the conference's official website or DraftKings Investor Relations page. DraftKings continues to lead as a digital sports entertainment and gaming company, providing a range of products including daily fantasy sports and regulated gaming across various countries.
DraftKings has announced a multi-year financial commitment to the Kindbridge Research Institute (KRI) for the launch of the 50x4Vets program, aimed at researching problem gaming among veterans. This initiative will support treatment at veterans-focused centers and is the first of its kind in the U.S. DraftKings' funding will enable KRI to enhance research capabilities, hire qualified staff, and support multiple research centers, ultimately improving veterans' treatment options. The program reflects DraftKings' broader commitment to responsible gaming and social responsibility.
DraftKings (Nasdaq: DKNG) announces that Jason Robins, CEO and co-founder, will participate in the Canaccord Genuity 2021 Digital Gaming Summit on November 30, 2021. The event includes a fireside chat set for 8:30 AM ET.
Interested parties can access registration and the live event via the conference's website or DraftKings Investor Relations site. DraftKings is a leader in digital sports entertainment, offering various gaming products and services.
DraftKings has entered a multi-year partnership with the Boston Bruins, becoming their exclusive Official Daily Fantasy Sports Partner and the presenting sponsor of the Boston Bruins Foundation 50/50 raffle. If sports betting is legalized in Massachusetts, DraftKings will also serve as the Official Sports Betting Partner. The collaboration will enhance fan engagement through digital content and in-arena branding at TD Garden. DraftKings currently operates mobile sports betting in 15 states, including New England.
DraftKings (Nasdaq: DKNG) has entered a strategic partnership with FaZe Clan to become the Official Sports Betting, iGaming, Daily Fantasy, and Free-to-Play Partner. This collaboration will showcase FaZe Clan's renowned content creators through custom content and events, enhancing DraftKings' reach within esports. The deal includes sponsorship of FaZe Clan's Counter-Strike team and initiatives aimed at promoting responsible gaming. This partnership aims to combine the strengths of both brands, further engaging their vast audiences in sports and gaming culture.
DraftKings Inc. has announced a collaboration with BHCMC, LLC, enabling its entry into the Kansas market, subject to sports betting legislation. This deal will facilitate the launch of its mobile sportsbook, pending necessary licenses and approvals. Currently active in 18 states, DraftKings is expanding its services, including a new loyalty rewards program and NFT marketplace. The partnership is expected to bring a trusted sports betting application to Kansas, aligning with DraftKings' mission of responsible gaming.
DraftKings Inc. (Nasdaq: DKNG) has partnered with the International Center for Responsible Gaming (ICRG) by providing a three-year research grant to Bowling Green State University. This funding aims to study the prevalence and risk factors associated with problem gaming in sports betting on a national scale. The research will investigate sports betting behaviors, technological influences, and the trajectories of these behaviors over time. DraftKings emphasizes its commitment to responsible gaming through research, technology, and consumer protection initiatives.
DraftKings Inc. has announced the opening of its new sportsbook at Foxwoods Resort Casino on November 13, 2021, at 9:30 a.m. This state-of-the-art facility spans over 12,000 square feet and will enhance the sports betting experience with live betting options, a vast array of dining choices, and top-notch amenities including one of the largest LED screens in the industry. The launch marks the company's 12th retail sportsbook, complementing recent expansions in online sports betting and iGaming in Connecticut. DraftKings emphasizes its commitment to responsible gaming.
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