Draftkings Inc Stock Price, News & Analysis

DraftKings Inc. has announced the launch of its online sportsbook in Louisiana, following the opening of a retail sportsbook in collaboration with Golden Nugget Casino Lake Charles. The mobile betting service will be available starting 8 am CT on January 28, making Louisiana the 17th state to offer DraftKings' online sports betting. The company aims to enhance accessibility for sports fans, building on its existing retail presence. DraftKings emphasizes responsible gaming practices and has seen notable interest in NFL and collegiate sports wagering since its retail launch in November 2021.

DraftKings Inc. (Nasdaq: DKNG) will release its fourth quarter and year-end 2021 results on February 18, 2022, before 8:30 AM EST. The Company will then host a conference call at the same time to discuss the results. Interested parties can access the earnings press release and additional materials on the Company’s investor relations website, which will also host an audio webcast and live Q&A session on the same day.

DraftKings has launched the State Council Funding Program, committing $1.575 million over three years to support problem gambling councils in 35 states. Each council will receive $15,000 annually to enhance services, expand programs, and hire staff. This initiative reflects DraftKings' commitment to responsible gaming, as highlighted by their previous financial investments in education and partnerships with health organizations. The program aims to strengthen local resources for individuals affected by gambling issues, providing a vital line of defense for communities nationwide.

DraftKings Inc. has entered an exclusive partnership with the Tulalip Tribes of Washington to establish retail sportsbooks in the state. Locations are planned at the Tulalip Resort Casino and Quil Ceda Creek Casino, enhancing the gaming experience in Washington, marking the state as the 19th for DraftKings' sportsbook operations. The Tulalip Resort sportsbook is set to feature a 5,000 square-foot area with advanced technology, including a 50-foot video wall. This partnership aims to deliver superior sports betting experiences to a passionate local fanbase.

DraftKings announced it will become the official sportsbook provider for the Oregon Lottery, replacing the Scoreboard app starting January 18, 2022. Current Scoreboard customers can transfer their funds to the DraftKings Sportsbook app during this transition. This agreement marks DraftKings' second exclusive partnership with a state lottery, boosting their market presence ahead of key NFL events. The company emphasizes a commitment to responsible gaming, offering tools like deposit limits, and has also initiated environmental efforts in the region.

DraftKings Inc. is set to launch its mobile and online sportsbook in New York on January 8, 2022, making it the largest state for DraftKings' operations. This launch places DraftKings among the first operators in New York, coinciding with the NFL Playoffs, a peak betting season. The state's sports culture, fueled by numerous professional teams, presents a significant market opportunity. Customers aged 21 and above can engage in various betting activities, although betting on New York colleges is prohibited. This comes after a previous retail sportsbook opening in August 2019.

DraftKings, in partnership with the NFL Players Association and OneTeam Partners, is set to launch NFT-based games featuring NFL players during the 2022-2023 season. This integration will mark the first gamified NFTs endorsed by active NFL players, utilizing their name, image, and likeness rights. Players can expect diverse NFT collections, allowing them to engage in games, buy, and sell collectibles on the DraftKings Marketplace, supported by a partnership with Polygon for efficient blockchain operations.

DraftKings (Nasdaq: DKNG) announced that Chief Financial Officer Jason Park will participate in the Jefferies Sports Betting & iGaming Summit on December 2, 2021, at 10:00 AM ET. Attendees can access registration and live streaming through the conference's official website or DraftKings Investor Relations page. DraftKings continues to lead as a digital sports entertainment and gaming company, providing a range of products including daily fantasy sports and regulated gaming across various countries.

DraftKings has announced a multi-year financial commitment to the Kindbridge Research Institute (KRI) for the launch of the 50x4Vets program, aimed at researching problem gaming among veterans. This initiative will support treatment at veterans-focused centers and is the first of its kind in the U.S. DraftKings' funding will enable KRI to enhance research capabilities, hire qualified staff, and support multiple research centers, ultimately improving veterans' treatment options. The program reflects DraftKings' broader commitment to responsible gaming and social responsibility.