Draftkings Inc Stock Price, News & Analysis

DraftKings Inc. (Nasdaq: DKNG) has opened a new retail sportsbook location at Filotimo in Dover, New Hampshire, marking the state's third retail sportsbook. This expansion follows successful mobile sports betting launched on December 30, 2019, with bettors placing over 16 million wagers totaling nearly $660 million. The new venue offers modern amenities, including sports betting kiosks and a vibrant atmosphere. New Hampshire Lottery officials anticipate that the new location will enhance revenue for education in the state, reinforcing New Hampshire's reputation as a premier sports betting destination.

DraftKings has announced a partnership with Polygon, enabling its Marketplace to become a validator on the Polygon network. This collaboration will enhance the scalability and sustainability of DraftKings Marketplace’s NFT offerings. DraftKings aims to utilize Polygon’s technology to improve user experience and expand its digital collectibles ecosystem. Since its launch, the Marketplace has successfully hosted NFT drops featuring top athletes, indicating strong demand. This partnership positions DraftKings at the forefront of blockchain innovation, potentially allowing it to influence Polygon's governance.

DraftKings will release its third quarter 2021 results before 8:30 AM EDT on November 5, 2021. A conference call will follow at the same time to discuss these results. The earnings press release and materials will be available on their investor relations website. DraftKings is a leading digital sports entertainment and gaming company, offering solutions in daily fantasy sports and regulated gaming across various states and countries.

DraftKings (Nasdaq: DKNG) has entered a partnership with the NHL, becoming its Official Sports Betting, Daily Fantasy Sports, and iGaming Partner in the U.S. This agreement allows DraftKings to use NHL assets, including official logos and promotional opportunities during key events. Additionally, DraftKings will collaborate with Turner Sports to provide exclusive betting and fantasy content on their platforms. NHL Chief Business Officer Keith Wachtel expressed enthusiasm about enhancing fan engagement through these partnerships, highlighting a commitment to providing thrilling experiences for sports enthusiasts.

DraftKings is launching its third annual Pink ‘Em program during NFL Sundays in October to raise funds for breast cancer research. Beginning on NFL Week 5, customers can enter free-to-play pools, with DraftKings donating $1 for each entry. Since its inception, the initiative has raised over $230,000. This year, DraftKings aims to contribute $100,000 to The Larry Fitzgerald Foundation based on customer participation. The program is part of DraftKings' broader S.E.R.V.E.S. corporate responsibility efforts, which have already contributed $4 million in 2021 alone.

DraftKings Inc. has announced plans to establish a new office in Las Vegas, expanding its workforce to over 1,000 employees. This $400 million investment will occupy a 90,000-square-foot technology hub at UnCommons, a modern mixed-use community set to open in early 2022. The new office aims to foster innovation and enhance community involvement, featuring advanced amenities like a custom casino training pit and collaborative workspaces. DraftKings' presence in Las Vegas has surged by 400% since early 2020, showcasing the company’s growth and commitment to the local community.

Autograph has announced Usain Bolt's addition to its Advisory Board, marking the launch of his first NFT collection on October 5-7, 2021. Bolt joins a prestigious group of icons, including Derek Jeter and Naomi Osaka. The NFTs will be exclusively available for purchase on Autograph.io and DraftKings Marketplace, providing fans a unique digital collectible experience. Each Preseason Access Pass holder will receive preferential access to future drops.

DraftKings Inc. (DKNG) and the Mashantucket Pequot Tribal Nation have announced the launch of retail sports betting at Foxwoods Resort Casino in Connecticut, beginning September 30, 2021. Players can place bets at a temporary DraftKings Sportsbook and using betting kiosks throughout the resort. Online sports betting and iGaming are expected to start in early October, pending regulatory approvals. This initiative aims to cater to the growing number of sports bettors, with over 42 million Americans anticipated to wager on professional football this season.

Autograph, in collaboration with Tiger Woods, is set to launch the first collection of NFTs on the DraftKings Marketplace (Nasdaq: DKNG). The NFTs will be available for sale starting September 21, 2021, with a second collection dropping on September 28. The Premier edition will have thousands of collectibles, while the Signed edition will be limited to fewer than 300. Preseason Access Pass holders will receive preferential access to future NFT drops. This marks a significant milestone in digital collectibles, showcasing Autograph's efforts to enhance fan engagement.