Draftkings Inc Stock Price, News & Analysis

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.

DraftKings (Nasdaq: DKNG) announces that Jason Robins, CEO and co-founder, will participate in the Canaccord Genuity 2021 Digital Gaming Summit on November 30, 2021. The event includes a fireside chat set for 8:30 AM ET.

Interested parties can access registration and the live event via the conference's website or DraftKings Investor Relations site. DraftKings is a leader in digital sports entertainment, offering various gaming products and services.

DraftKings has entered a multi-year partnership with the Boston Bruins, becoming their exclusive Official Daily Fantasy Sports Partner and the presenting sponsor of the Boston Bruins Foundation 50/50 raffle. If sports betting is legalized in Massachusetts, DraftKings will also serve as the Official Sports Betting Partner. The collaboration will enhance fan engagement through digital content and in-arena branding at TD Garden. DraftKings currently operates mobile sports betting in 15 states, including New England.

DraftKings (Nasdaq: DKNG) has entered a strategic partnership with FaZe Clan to become the Official Sports Betting, iGaming, Daily Fantasy, and Free-to-Play Partner. This collaboration will showcase FaZe Clan's renowned content creators through custom content and events, enhancing DraftKings' reach within esports. The deal includes sponsorship of FaZe Clan's Counter-Strike team and initiatives aimed at promoting responsible gaming. This partnership aims to combine the strengths of both brands, further engaging their vast audiences in sports and gaming culture.

DraftKings Inc. has announced a collaboration with BHCMC, LLC, enabling its entry into the Kansas market, subject to sports betting legislation. This deal will facilitate the launch of its mobile sportsbook, pending necessary licenses and approvals. Currently active in 18 states, DraftKings is expanding its services, including a new loyalty rewards program and NFT marketplace. The partnership is expected to bring a trusted sports betting application to Kansas, aligning with DraftKings' mission of responsible gaming.