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. (DKNG) is a leading digital sports entertainment platform offering daily fantasy sports, regulated online betting, and iGaming solutions. This page serves as your centralized source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find timely updates on earnings reports, regulatory milestones, product launches, and partnership agreements. Our curated collection ensures access to verified press releases and market-moving news without promotional bias.
Key coverage areas include sportsbook expansions, technology innovations, responsible gaming initiatives, and market penetration strategies. Bookmark this page to track DKNG's evolving position in competitive gaming markets and regulatory landscapes.
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DraftKings Inc. announced Jason Park as the new Chief Transformation Officer and Alan Ellingson as the Chief Financial Officer effective May 1, 2024. Park will focus on deploying advanced technologies for operational efficiencies and integrating the acquisition of Jackpocket. Ellingson aims to enhance shareholder value by driving financial objectives. Park's transition follows his successful tenure as CFO, overseeing revenue growth from $323 million in 2019 to $3,665 million in 2023, with positive Adjusted EBITDA in 2023. The stock price surged over 325% since the IPO in 2019.
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DraftKings Inc. introduces 'My Stat Sheet', a tool to help players track and analyze their gaming statistics for responsible gaming. The feature offers insights into time spent, deposits, withdrawals, wagers, and more, promoting data-driven decision-making.
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DraftKings Inc. (Nasdaq: DKNG) is launching its online sportsbook in North Carolina on March 11, 2024, following an agreement with NASCAR. The online sportsbook will offer a variety of betting markets, including same-game parlays and in-game betting, with a focus on responsible gaming. The launch event will feature a ceremonial first bet with Carolina Panthers legend Greg Olsen. DraftKings is also supporting Problem Gambling Awareness Month and promoting responsible gaming practices.
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DraftKings Inc. CEO Jason Robins to participate in the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2024. The fireside chat will take place at 2:55PM ET. Investors can access the event live on DraftKings' Investor Relations website.
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DraftKings Inc. reports strong fourth quarter and fiscal year 2023 financial results with revenue of $1,231 million, a 44% increase from the previous year. The Company focuses on customer acquisition, retention, and engagement, raising its fiscal year 2024 revenue guidance to $4.65-$4.90 billion and Adjusted EBITDA guidance to $410-$510 million. DraftKings expands its Sportsbook product into new jurisdictions and plans to launch in North Carolina on March 11, 2024.
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DraftKings Inc. announces the acquisition of Jackpocket, the leading lottery app in the U.S., for $750 million. The deal is expected to drive $60-100 million of Adjusted EBITDA in fiscal year 2026 and $100-150 million in fiscal year 2028. The transaction aims to enhance DraftKings' position in Sportsbook and iGaming.
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DraftKings S.E.R.V.E.S. (Service, Equity, Responsibility, Vitality, Environment, Sports) recently celebrated the success of their employee volunteer tree planting projects in partnership with the Arbor Day Foundation. Over the past few years, DraftKings has planted over 1 million trees globally, restoring nearly 3,500 acres of land. This initiative brought together 250 employees across seven cities to plant over 750 trees, promoting a greener and more sustainable future for communities worldwide.
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DraftKings Inc. (Nasdaq: DKNG) will release its Q4 and full year 2023 results on February 15, 2024, followed by a conference call the next morning. The management will discuss business performance during the call, and the audio webcast will be available on the investor relations website until March 31, 2024.
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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 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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Nasdaq:DKNG
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DKNG Stock Data
16.80B
485.51M
2.79%
81.67%
4.86%
Gambling
Services-miscellaneous Amusement & Recreation
United States
BOSTON