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DraftKings Inc. - DKNG STOCK NEWS

Welcome to our dedicated news page for DraftKings (Ticker: DKNG), a resource for investors and traders seeking the latest updates and insights on DraftKings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DraftKings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DraftKings's position in the market.

News
Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer
Rhea-AI Summary
DraftKings appoints Lori Kalani as their first Chief Responsible Gaming Officer to enhance player safety and protection activities. Kalani's expertise in consumer protection law will help DraftKings set new industry standards for responsible gaming initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
none
-
News
DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
Rhea-AI Summary
DraftKings Inc. (DKNG) will release its first quarter 2024 results on May 2, 2024, and host a conference call on May 3, 2024, to discuss business performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
earnings
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News
DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming
Rhea-AI Summary
DraftKings (DKNG) expands partnership with Kindbridge Behavioral Health to provide therapy and treatment for problem gaming in all 25 states of operation, emphasizing responsible play and player well-being.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
Tags
none
News
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
management
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News
DraftKings Launches “My Stat Sheet” – A New Tool to Promote Responsible Gaming
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
none
-
News
DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
none
News
DraftKings Announces Jason Robins’ Participation in Upcoming Event
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
none
-
News
DraftKings Reports Fourth Quarter Revenue of $1,231 Million; Raises 2024 Revenue Guidance Midpoint to $4.775 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $460 Million
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
none
-
News
DraftKings Reaches Agreement to Acquire Jackpocket for $750 Million
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
acquisition
News
Draftkings S.E.R.V.E.S Plants Over 1 Million Trees As a Part of Multi-Year Commitment With Arbor Day Foundation
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.72%
Tags
none
Stock DKNG logo
DraftKings Inc.

Nasdaq:DKNG

DKNG Rankings

#520 Ranked by Market Cap
#253 Ranked by Stock Gains
N/A Ranked by Dividends

DKNG Stock Data

21.03B
461.00M
2.63%
69.45%
4.28%
Gambling
Consumer Cyclical
Link
US
Boston

About DKNG

DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA), Tennis, All Elite Wrestling (AEW), and WWE.