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. (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.
DraftKings Inc. (Nasdaq: DKNG) has launched its mobile sportsbook in Wyoming, marking the company's 13th online state launch in three years. This expansion allows sports betting on various professional and collegiate markets for individuals 18 and older. To celebrate, DraftKings offers Wyoming customers two exclusive promotions and an earth-themed free-to-play pool, promoting its commitment to environmental initiatives. Notably, Wyoming is the second state to permit direct mobile licensing without being tethered to a land-based casino, enhancing DraftKings' operational flexibility.
DraftKings has been designated as the exclusive free-to-play provider for the American Ultimate Disc League (AUDL). Starting with the DraftKings Friday Game of the Week, AUDL matches will be streamed for free on YouTube and Twitch. Participants in the free-to-play pools can win cash prizes by making game picks throughout the 2021 season. The partnership includes segments like 'Lepler’s Locks' and a weekly preview show, enhancing fan engagement through interactive content. The AUDL Championship Weekend is set for Sept 10-11, 2021.
Autograph has appointed American gymnast Simone Biles to its Advisory Board, enhancing its digital collecting platform. Biles will launch her first NFT collection on August 31, available on Autograph.io and DraftKings Marketplace. This marks a significant step in engaging fans in digital collectibles. The collection will include Preseason Access Passes for future drops, with limited availability for Simone's inaugural NFTs. Notable Advisory Board members include Derek Jeter and Naomi Osaka, among others.
DraftKings (Nasdaq: DKNG) announces the launch of its daily fantasy sports product in Arizona on August 28, making it the 44th state to offer this service. The launch coincides with the NFL season, providing Arizona sports fans a chance to engage with various contests across multiple sports, including NFL and NBA. Additionally, DraftKings is collaborating with the Arbor Day Foundation, hosting a $500 free-to-play pool to support its environmental initiative of planting 1 million trees by Earth Day 2022.
DraftKings has partnered with Simplebet to introduce real-money micro-betting, enhancing fan engagement across various sports. This multi-year agreement allows DraftKings customers to place bets in real-time on specific moments of events in the NFL, MLB, NBA, and college football, expanding their wagering options significantly. Simplebet's recent $15 million funding round supports the development of these innovative betting products. This collaboration aims to transform the in-game betting experience, creating more opportunities for operators and fans alike.
DraftKings (Nasdaq: DKNG) announced on August 20, 2021, that CEO Jason Robins will participate in the Craig-Hallum Online Gaming Conference on August 24, 2021, with a fireside chat scheduled for 10:30 AM ET. The event aims to highlight DraftKings' position in the online gaming sector, showcasing its range of products including daily fantasy sports and regulated gaming. Attendees can access registration and live audio/video through DraftKings' Investor Relations website.
DraftKings has secured a partnership with the Baltimore Ravens, becoming the Official Daily Fantasy Sports Partner and an Official Sports Betting and Free-to-Play Partner. This agreement, effective from August 2021, marks DraftKings’ first partnership in Maryland and its fifth with an NFL team. The deal includes branding on Ravens' platforms and exclusive fan experiences, further integrating DraftKings into the NFL landscape and enhancing its market presence in sports betting and fantasy sports.
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