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 and Deadfellaz have teamed up to launch limited-edition NFT player cards featuring 13 professional football players, set to drop on October 25. These cards will be playable in Reignmakers Football, an NFT-based fantasy football game, with over $1 million in weekly prizes. Players include Nick Chubb and Jalen Hurts. This collaboration signals a move to integrate Web3 into the fantasy sports space. The player cards can be used starting October 30 through the football season, appealing to both NFT collectors and sports fans alike.
DraftKings (Nasdaq: DKNG) announced it will release its third quarter 2022 results on November 4, 2022, at 8:30 AM EDT. This will be followed by a conference call to discuss the results. Interested parties can access the earnings press release and related materials on DraftKings' investor relations website. The audio webcast will also be available until December 14, 2022. As the only U.S.-based vertically integrated sports betting operator, DraftKings continues to expand its offerings in digital sports entertainment and gaming.
Paysafe has expanded its presence in the U.S. by entering the Kansas online sports-betting market, now supporting multiple sportsbooks with deposit options and affiliate marketing services. This marks the 23rd U.S. state where Paysafe operates, with forecasts predicting Kansas will generate $1.78 billion in sports-betting revenue in its first year. Earnings from this expansion are expected to contribute positively as Paysafe strengthens partnerships with major operators like Caesars, DraftKings, and PointsBet, enhancing player acquisition and retention capabilities.
DraftKings has partnered with Amazon to sponsor Thursday Night Football on Prime Video for multiple years, starting September 15, 2022. The collaboration aims to enhance viewer experience with engaging pregame content and unique betting offers. DraftKings will provide integrations, including odds and sports betting insights, across all 15 TNF games this season. This partnership aligns with DraftKings’ objective to increase fan engagement, especially during the NFL season, and reflects their commitment to responsible gaming.
DraftKings has announced a partnership with Grammy-nominated DJ Steve Aoki, who will serve as an official brand ambassador for the DraftKings Marketplace. This collaboration focuses on the Reignmakers Football franchise, a fantasy sports series based on NFTs. Aoki's first drop, the Aoki 2022 All-Star Access Pass, will be available on September 14, granting access to exclusive contests with special prizes throughout the football season. The initiative aims to merge sports and entertainment while expanding DraftKings' reach in the Web3 space.
DraftKings (Nasdaq: DKNG) launched the Practice Safe Bets advertising campaign during the American Gaming Association’s inaugural Responsible Gaming Education Month in September 2022. Featuring celebrities like The Miz and Tony Hawk, the initiative promotes responsible gaming practices by encouraging users to set limits through the DraftKings app. This campaign highlights DraftKings' commitment to responsible gaming, building on its track record of marketing strategies and collaborations with organizations focused on safer play. The company also plans a free-to-play pool for users to enhance their knowledge of responsible gaming.
DraftKings Inc. (Nasdaq: DKNG) announced CFO Jason Park's participation in the Susquehanna Gambling & Tech Ecosystem Forum on September 7, 2022, at 11:00 AM ET. The event can be accessed via the conference's website or DraftKings' Investor Relations page. DraftKings, established in 2012, operates as a leading digital sports entertainment and gaming company, offering products in daily fantasy sports and regulated gaming across 17 countries and various U.S. states.
DraftKings Inc. (Nasdaq: DKNG) announced the launch of its online sportsbook in Kansas on September 1, 2022, pending regulatory approvals. This expansion marks Kansas as the 18th U.S. state to offer DraftKings' services, enhancing their footprint to 19 states and Ontario, Canada. The launch coincides with the NFL and college football seasons, allowing Kansans to place various bets. DraftKings also emphasizes responsible gaming through its S.E.R.V.E.S. program. The revenue and Adjusted EBITDA guidance as of August 5, 2022, does not account for contributions from this Kansas launch.
DraftKings Inc. (Nasdaq: DKNG) announced that CEO Jason Robins will participate in the Craig-Hallum Online Gaming Conference on August 23, 2022, at 9:00 AM ET. The event will feature a fireside chat, which will be accessible via the conference and DraftKings’ investor relations websites. DraftKings is a leader in digital sports entertainment and gaming, providing diverse products ranging from daily fantasy sports to regulated gaming, with operations in 18 U.S. states and Ontario, Canada.
DraftKings (Nasdaq: DKNG) announced that CFO Jason Park will participate in the Canaccord Genuity 42nd Annual Growth Conference on August 10, 2022, at 9:00 AM ET. Interested parties can access registration and live stream via the conference website or DraftKings' Investor Relations page. DraftKings operates as a digital sports entertainment and gaming company, offering products in daily fantasy, regulated gaming, and digital media across multiple platforms. The company is a key player in the U.S. sports betting market, providing operations in 18 states and Ontario, Canada.
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