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) 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.
DraftKings has expanded its NFT ecosystem, DraftKings Marketplace, to Canada, marking its first international availability. Following a successful U.S. launch, the platform will showcase exclusive Wayne Gretzky NFTs, with premier and signature editions dropping on August 17 and 20, respectively. This expansion is anticipated to engage Canada's sports fanbase, which has a strong history of participation in DraftKings' contests. The integration of Scarcity Labs, a recent acquisition, aims to enhance support for the NFT marketplace.
DraftKings Marketplace launched its NFT platform with tremendous success, as all five drops of Tom Brady's Premier Preseason Access Collection sold out immediately. Prices ranged from $12 to $100, generating over $1 million in gross merchandise volume. Demand was high, with queues three times larger than the available supply. The platform's user-friendly design contributed to positive engagement. In a follow-up, tomorrow's Signature Preseason Access Collection will feature NFTs signed by Brady.
DraftKings (Nasdaq: DKNG) will have CEO Jason Robins participate in the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 8:30 AM ET. Investors can access the live stream through DraftKings’ Investor Relations website.
Founded in 2012, DraftKings is a leading digital sports entertainment and gaming company, offering products across daily fantasy and regulated gaming. It operates in multiple U.S. states and is a partner with major sports leagues, including the NFL and NBA.
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