Draftkings Inc Stock Price, News & Analysis

Autograph, co-founded by Tom Brady, announces strategic partnerships with DraftKings (DKNG) and Lionsgate (LGF.A, LGF.B) to enhance its NFT platform. This collaboration features exclusive NFT deals with sports icons like Tiger Woods and Wayne Gretzky, aiming to establish Autograph as a leader in the NFT market. DraftKings Marketplace will host these collectibles, enabling users to buy, sell, and trade easily. Lionsgate will launch NFTs tied to popular franchises, expanding Autograph's entertainment offerings. The official NFT launch is set for later this summer.

DraftKings Inc. (Nasdaq: DKNG) has been named the first “Betting Operator of the World Golf Championships-FedEx St. Jude Invitational” and the first “Official Betting Operator of THE NORTHERN TRUST.” These tournaments will take place from August 2-8 and August 18-22, respectively. Fans can access the “DraftKings House” at both events, which will feature premium experiences and hospitality. The company continues to strengthen its partnership with the PGA TOUR and will host its Fantasy Golf World Championship at THE NORTHERN TRUST, offering $4 million in prizes.

DraftKings (Nasdaq: DKNG) has received a DFS license from the Louisiana Gaming Control Board, enabling its daily fantasy sports offerings in the state. Louisiana becomes the 44^th state to host DraftKings, which encompasses popular sports like NFL, MLB, and NBA. As part of the launch, new customers will receive free credits for contests. The company introduces innovations such as the Fair Play Commitment Initiative and customizable DraftKings Leagues, enhancing user experience. The launch aligns with DraftKings’ broader expansion strategy across the U.S.

DraftKings will release its second quarter 2021 results on August 6, 2021, before 8:30 AM EDT. A conference call to discuss these results will follow at the same time. Investors can access the earnings press release and related materials on DraftKings’ investor relations website. The audio webcast and presentation will be available until September 14, 2021. As a leading digital sports entertainment and gaming company, DraftKings operates across multiple states in the U.S. and is partnered with major sports leagues.

DraftKings has announced a significant expansion of its partnership with Major League Baseball (MLB), introducing a new feature called Bet & Watch. This feature enables fans with active MLB.com and DraftKings accounts to watch live MLB games for free within the DraftKings app. As part of this agreement, DraftKings will serve as an Official Sports Betting Partner during the entire MLB postseason and will have numerous promotional rights, including brand exposure at key MLB events.

Engine Media Holdings has filed a patent infringement lawsuit against DraftKings in New Jersey, alleging violations of its patents related to gaming services. The lawsuit focuses on the '243 Patent, which addresses latency in television reception during skill games, and the '543 Patent, which pertains to resource management for computing devices. Engine's subsidiary, Winview, aims to protect its intellectual property, boasting a portfolio of 80 U.S. patents. The company anticipates potential damages and relief through this legal action.

DraftKings is set to sponsor the Nathan’s Famous Fourth of July International Hot Dog Eating Contest for the second year in a row. The event, held at Coney Island’s Maimonides Park, marks the return of a live audience after pandemic-related restrictions. DraftKings will offer a free-to-play pool with $25,000 in prizes and will serve as the official oddsmaker for the competition. The contest will feature top eaters, including Joey Chestnut, aiming for a record-breaking win. The event will be broadcasted live on ESPN.

DraftKings Inc. (Nasdaq: DKNG) announced a strategic consulting agreement with the Division on Addiction at Cambridge Health Alliance, affiliated with Harvard Medical School. This partnership aims to develop a systems-based approach to responsible gaming training for employees, enhancing player safety policies and resources. The collaboration is rooted in previous research utilizing DraftKings' anonymized data, leading to academic contributions. As sports betting expands, the initiative emphasizes the need for evidence-based strategies to mitigate gaming-related risks.

Domino's Pizza (NYSE: DPZ) has introduced a new Carside Delivery 2-Minute Guarantee. Customers who order online can check in upon arrival, and a team member will bring their order to their car in less than two minutes or receive their next pizza for free. Additionally, in partnership with DraftKings (Nasdaq: DKNG), they launched the Over/Under Challenge, allowing customers to predict the delivery speed for a chance to win a share of $200,000. The challenge runs until July 12, 2021.