Draftkings Inc Stock Price, News & Analysis

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.

DraftKings Inc. (Nasdaq: DKNG) has partnered with the International Center for Responsible Gaming (ICRG) by providing a three-year research grant to Bowling Green State University. This funding aims to study the prevalence and risk factors associated with problem gaming in sports betting on a national scale. The research will investigate sports betting behaviors, technological influences, and the trajectories of these behaviors over time. DraftKings emphasizes its commitment to responsible gaming through research, technology, and consumer protection initiatives.

DraftKings Inc. has announced the opening of its new sportsbook at Foxwoods Resort Casino on November 13, 2021, at 9:30 a.m. This state-of-the-art facility spans over 12,000 square feet and will enhance the sports betting experience with live betting options, a vast array of dining choices, and top-notch amenities including one of the largest LED screens in the industry. The launch marks the company's 12th retail sportsbook, complementing recent expansions in online sports betting and iGaming in Connecticut. DraftKings emphasizes its commitment to responsible gaming.

DraftKings Inc. (Nasdaq: DKNG) and Golden Nugget Casino Lake Charles announced the launch of a new retail sportsbook set to open on November 10, 2021. The sportsbook will allow Louisiana sports fans aged 21 and over to place bets on various sports markets. Following licensure and regulatory approvals, an online sportsbook will launch later. The Lake Charles location will feature six ticket cages and 30 self-service kiosks, with plans for a permanent 10,000 sq. ft. sportsbook opening in Summer 2022. DraftKings emphasizes responsible gaming practices.

DraftKings reports third quarter 2021 financial results, achieving revenue of $213 million, a 60% increase year-over-year. The growth aligns with prior guidance. Monthly Unique Payers (MUPs) rose by 31%, and Average Revenue Per MUP increased by 38%. The company has raised its 2021 revenue guidance midpoint to $1.26 billion, projecting 93% to 99% growth. New revenue guidance for 2022 indicates further expansion, aiming for $1.7 billion to $1.9 billion. DraftKings is now operational in 15 states for mobile sports betting, representing 29% of the U.S. population.

DraftKings has announced a major multiyear partnership expansion with the NBA, becoming a co-official sports betting partner. This deal enhances DraftKings' rights to integrate its offerings into NBA-related products, including the new NBABet Stream telecast that features interactive betting content. The agreement allows DraftKings to be prominently featured at key NBA events, enhancing brand visibility. Early season metrics show a significant uptick in customer engagement and betting activities, indicating a strong market demand for NBA-related gaming.

DraftKings is enhancing its military support through the DK S.E.R.V.E.S. initiative, training over 500 veterans and military spouses, and donating more than $1 million to veteran-focused organizations. In partnership with the Pat Tillman Foundation, DraftKings aims to empower veterans with educational tools and leadership development. The company will host a Veterans Month free-to-play pool and offer military-themed merchandise, with profits benefitting the Foundation. Since 2018, DraftKings has raised nearly $1 million for veteran initiatives, underlining its commitment to support those who served.