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 is launching its third annual Pink ‘Em program during NFL Sundays in October to raise funds for breast cancer research. Beginning on NFL Week 5, customers can enter free-to-play pools, with DraftKings donating $1 for each entry. Since its inception, the initiative has raised over $230,000. This year, DraftKings aims to contribute $100,000 to The Larry Fitzgerald Foundation based on customer participation. The program is part of DraftKings' broader S.E.R.V.E.S. corporate responsibility efforts, which have already contributed $4 million in 2021 alone.
DraftKings Inc. has announced plans to establish a new office in Las Vegas, expanding its workforce to over 1,000 employees. This $400 million investment will occupy a 90,000-square-foot technology hub at UnCommons, a modern mixed-use community set to open in early 2022. The new office aims to foster innovation and enhance community involvement, featuring advanced amenities like a custom casino training pit and collaborative workspaces. DraftKings' presence in Las Vegas has surged by 400% since early 2020, showcasing the company’s growth and commitment to the local community.
Autograph has announced Usain Bolt's addition to its Advisory Board, marking the launch of his first NFT collection on October 5-7, 2021. Bolt joins a prestigious group of icons, including Derek Jeter and Naomi Osaka. The NFTs will be exclusively available for purchase on Autograph.io and DraftKings Marketplace, providing fans a unique digital collectible experience. Each Preseason Access Pass holder will receive preferential access to future drops.
DraftKings Inc. (DKNG) and the Mashantucket Pequot Tribal Nation have announced the launch of retail sports betting at Foxwoods Resort Casino in Connecticut, beginning September 30, 2021. Players can place bets at a temporary DraftKings Sportsbook and using betting kiosks throughout the resort. Online sports betting and iGaming are expected to start in early October, pending regulatory approvals. This initiative aims to cater to the growing number of sports bettors, with over 42 million Americans anticipated to wager on professional football this season.
Autograph, in collaboration with Tiger Woods, is set to launch the first collection of NFTs on the DraftKings Marketplace (Nasdaq: DKNG). The NFTs will be available for sale starting September 21, 2021, with a second collection dropping on September 28. The Premier edition will have thousands of collectibles, while the Signed edition will be limited to fewer than 300. Preseason Access Pass holders will receive preferential access to future NFT drops. This marks a significant milestone in digital collectibles, showcasing Autograph's efforts to enhance fan engagement.
Autograph, co-founded by Tom Brady, has partnered with SLAM to launch digital collectibles on DraftKings Marketplace (DKNG). This collaboration grants users access to over 300 historic basketball magazine covers dating back to 1994. SLAM's extensive archive features high-profile players and is positioned as a premium offering in the NFT space. Autograph previously collaborated with numerous sports icons, indicating a strong brand presence. The partnership emphasizes the intersection of sports media and blockchain technology, enhancing DraftKings' digital collectibles ecosystem.
DraftKings has launched its online Sportsbook in Arizona, marking its entry into the 14th state. This launch is strategically timed with the NFL kickoff, enhancing fan engagement for Arizona sports enthusiasts aged 21 and over. The app allows users to wager on various sports markets, following a successful daily fantasy sports debut with over 90,000 entries in just 12 days. Additionally, DraftKings is committed to environmental initiatives, hosting a free-to-play pool that promises to plant one million trees by Earth Day 2022.
DraftKings Inc. (Nasdaq: DKNG) launched its latest exclusive game, DraftKings Rocket, marking the 37th in-house developed game for the DraftKings Casino. Currently available in New Jersey, with expansions planned for Michigan and West Virginia, this interactive game features a $1 million prize pool. Players can win real money by wagering in real time as a virtual rocket ascends. DraftKings Rocket emphasizes customer engagement and innovation in iGaming, aligning with the company's commitment to a regulated and entertaining gaming experience.
DraftKings announced that Chief Financial Officer Jason Park will speak at the Bank of America Securities Gaming and Lodging Conference on September 9, 2021, at 2:15 PM ET. The event will be accessible via the DraftKings Investor Relations website, enabling live video and audio participation.
DraftKings is a leading digital sports entertainment and gaming company, offering daily fantasy sports and sports betting across 17 countries. The firm is known for its partnerships with major leagues like the NFL, MLB, and UFC, and has recently launched a digital collectibles ecosystem.
In celebration of Derek Jeter's Hall of Fame induction, Autograph is launching the first-ever NFTs featuring Jeter, available on Autograph.io and DraftKings Marketplace (Nasdaq: DKNG). The drops include a Premier edition on September 7 and a Signed edition on September 9, with only 12 exclusive Ruby Signed NFTs. Autograph has previously released 40 drops featuring renowned athletes and aims to enhance fan experiences through innovative digital collectibles.
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