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.
The DraftKings Inc. (DKNG) news feed on Stock Titan focuses on developments across the company’s digital sports entertainment and gambling ecosystem. DraftKings describes itself as the "Ultimate Host" for sports fans, with products spanning daily fantasy sports, regulated online sports betting, iGaming, digital lottery courier services through Jackpocket, prediction markets via DraftKings Predictions and media content on DraftKings Network. News about DraftKings often highlights how these offerings evolve within regulated markets in the United States and Canada.
Investors and followers of DKNG can use this page to track company announcements on topics such as mobile and retail sportsbook launches in new jurisdictions, expansions of iGaming under the DraftKings and Golden Nugget Online Gaming brands, and updates on daily fantasy sports availability across U.S. states and Canadian provinces. Coverage also includes partnership news with major sports leagues and media organizations, including DraftKings’ roles as an official sports betting or daily fantasy partner of leagues like the NFL, NBA, NHL, PGA TOUR, WNBA, UFC, NASCAR and MLB, as well as multi-year advertising and integration agreements with broadcasters such as NBCUniversal.
DraftKings news frequently features financial updates and strategic moves disclosed through earnings press releases and related 8-K filings, including revenue trends across sportsbook, iGaming and other revenue categories, and capital allocation decisions such as share repurchase authorizations. Additional items include product innovations, such as the launch of DraftKings Predictions under CFTC oversight, acquisitions like Railbird Technologies Inc. and Railbird Exchange, LLC to support prediction markets, and enhancements to responsible gaming and responsible trading tools.
By following this DKNG news page, readers can monitor how DraftKings’ regulated gaming footprint, partnerships, technology initiatives and responsible engagement programs develop over time, and how these factors shape the company’s position in online sports betting, iGaming, fantasy sports, lottery courier services, prediction markets and digital sports media.
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.
DraftKings reported a strong second quarter for 2022, with revenues of $466 million, a 57% increase from $298 million in Q2 2021. The company's B2C segment alone saw a 68% growth, reaching $455 million. DraftKings exceeded its guidance for both revenue and Adjusted EBITDA, raising its 2022 revenue forecast to $2.08 billion - $2.18 billion, reflecting a year-over-year growth of 60% to 68%. Monthly Unique Payers rose to 1.5 million, up 30% year-over-year. The company is expanding into new markets, including Ontario and several U.S. jurisdictions, while enhancing its product offerings, including innovations in NFT-based games.
DraftKings will announce its second quarter 2022 results on August 5, 2022, before 8:30 AM EDT. A conference call to discuss the results will follow at 8:30 AM EDT. Interested parties can access the earnings press release and related materials on the company’s investor relations website. DraftKings operates as a digital sports entertainment and gaming company, providing various products, including daily fantasy and regulated gaming. The company is active in 18 states and Ontario, Canada, with a wide range of partnerships with major sports leagues.
DraftKings and BetBlocker have partnered to enhance responsible gaming via BetBlocker’s free software, allowing users to set gaming restrictions on all devices globally. This groundbreaking collaboration aims to promote safer play, enabling users to manage their gaming activities anonymously. BetBlocker provides options to restrict access for varying durations, reinforcing DraftKings' commitment to responsible gaming through its S.E.R.V.E.S. initiative. The partnership marks BetBlocker's expansion into North America, highlighting DraftKings' leadership in promoting consumer awareness and safe betting practices.
DraftKings and UFC are collaborating to launch the Reignmakers UFC, a gamified NFT series debuting ahead of UFC 276 on July 2, 2022. This initiative allows fans to collect digital NFTs of UFC fighters, with plans to integrate them into fantasy games for cash prizes. Fans can start collecting NFTs through auctions in the Heatwave Series, aligned with UFC events. The partnership aims to enhance fan engagement by merging collectability with event-related rewards, utilizing DraftKings Marketplace for fighter IP from over 500 athletes.
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