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DraftKings Inc. - DKNG STOCK NEWS

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.

News

DraftKings Set to Launch Top-Rated Online Sportsbook in Vermont on January 11

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DraftKings Inc. (Nasdaq: DKNG) plans to launch its online sportsbook in Vermont on January 11, 2024, expanding its presence to 26 U.S. states and Ontario, Canada. The Boston-based company aims to provide safe and legal sports betting in the New England region, including five of six states with its online sportsbook.
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DraftKings Launches “Pick6”—A Peer-to-Peer Fantasy Sports Variant

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DraftKings Inc. (Nasdaq: DKNG) has launched a new peer-to-peer fantasy sports variant called DraftKings Pick6, debuting in six states initially with plans for additional rollouts. The product allows customers to compete for guaranteed prizes by building a lineup of two to six players and choosing more or less of a statistic for each athlete. Alongside Pick6, DraftKings also announced the upcoming 'Progressive Parlay' feature within its sports betting product.
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Coca-Cola® Zero Sugar Named Presenting Sponsor of the 5th Annual Sports Power Brunch: Celebrating the Most Powerful Women in Sports™ Honoring Sandra Douglass Morgan, Nicole Lynn, Nikki Fargas, and Stacey Allaster

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5th Annual Sports Power Brunch: Celebrating the Most Powerful Women in Sports™ announced Coca-Cola® Zero Sugar as the Presenting Sponsor for the event taking place on February 7, 2024. Major sponsors include Porsche, DraftKings Inc. (Nasdaq: DKNG), Prime Video, Las Vegas Raiders, National Football League, and ESPN Films.
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DraftKings Announces Jason Robins’ Participation in Upcoming Event

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DraftKings Inc. (Nasdaq: DKNG) CEO Jason Robins to participate in the 3rd Annual Craig-Hallum Online Gaming Conference on December 4, 2023
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DraftKings Reports Third Quarter Revenue of $790 Million; Raises 2023 Revenue Guidance Midpoint to $3.695 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($105) Million

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DraftKings Inc. announces its third quarter 2023 financial results, reporting revenue of $790 million, a 57% increase compared to the same period last year. The company also introduces fiscal year 2024 revenue guidance of $4.5 billion to $4.8 billion and fiscal year 2024 Adjusted EBITDA guidance of $350 million to $450 million.
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DraftKings Announces Plans to Launch Online Sportsbook in Maine Through Deal with Passamaquoddy Tribe

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DraftKings Inc. has reached an agreement in principle with the Passamaquoddy Tribe to launch its online sportsbook in Maine. The agreement will allow sports fans 21 years and older to access DraftKings' sportsbook app. DraftKings will become the official mobile sports betting provider of the Passamaquoddy Tribe. In response to the tragic events in Lewiston, ME, DraftKings will donate $100,000 to the Lewiston-Auburn Area Response Fund.
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DraftKings to Host Virtual Investor Day

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DraftKings Inc. will host a virtual Investor Day on November 14, 2023, providing insights on market opportunity, competitive differentiation, business drivers, and financial outlook.
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DraftKings to Release Third Quarter 2023 Results on November 2, 2023 and Host Conference Call on November 3, 2023

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DraftKings to release Q3 2023 results on November 2nd
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DraftKings Announces Jason Robins’ Participation at Upcoming Event

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DraftKings CEO to participate in Global Gaming Conference
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DraftKings to Launch Online Sportsbook in Kentucky on September 28

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DraftKings to launch mobile sportsbook in Kentucky on September 28, 2023, offering betting options across collegiate and professional sports. Kentucky marks the 24th jurisdiction where DraftKings is live. DraftKings has teamed up with Kentucky Sports Radio host Matt Jones for the launch. In addition to the online sportsbook, Kentucky residents can place wagers in person at The Mint Gaming Hall Cumberland and Cumberland Run. DraftKings emphasizes responsible gaming through its S.E.R.V.E.S. program.
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FAQ

What is the current stock price of DraftKings (DKNG)?

The current stock price of DraftKings (DKNG) is $40.35 as of December 20, 2024.

What is the market cap of DraftKings (DKNG)?

The market cap of DraftKings (DKNG) is approximately 19.3B.

What does DraftKings Inc. do?

DraftKings Inc. specializes in daily fantasy sports contests and sports betting, offering users opportunities to win money based on player performances in various sports.

When was DraftKings founded?

DraftKings was founded in 2012.

In how many states does DraftKings operate sports betting?

DraftKings operates sports betting in 27 states.

Which major sports leagues are partnered with DraftKings?

DraftKings is partnered with NFL, NHL, PGA TOUR, UFC, NBA, and MLB. It is also an official daily fantasy partner of NASCAR.

What is DraftKings' approach to responsible gaming?

DraftKings prioritizes responsible gaming by offering resources and programs to ensure player well-being and promote responsible play across its platforms.

What are recent financial projections for DraftKings?

DraftKings expects to drive $60 million to $100 million in adjusted EBITDA by the fiscal year 2026.

Where is DraftKings headquartered?

DraftKings is headquartered in Boston, Massachusetts.

Does DraftKings offer online casino gaming?

Yes, DraftKings offers online casino gaming, also known as iGaming, in several states.

What other products does DraftKings offer?

Besides sports betting and fantasy sports, DraftKings operates an NFT marketplace, licenses online gaming products, and offers digital media content.

How does DraftKings support players facing problem gaming?

DraftKings collaborates with Kindbridge Behavioral Health to provide comprehensive mental health assessments and personalized care plans for players who self-exclude.

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DraftKings Inc.

Nasdaq:DKNG

DKNG Rankings

#554 Ranked by Market Cap
N/A Ranked by Dividends

DKNG Stock Data

19.26B
474.98M
2.42%
77.08%
4.63%
Gambling
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United States of America
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