Draftkings Inc Stock Price, News & Analysis

The Drone Racing League (DRL) has partnered with DraftKings (Nasdaq: DKNG), becoming the first aerial sporting event where fans can place bets. As mobile sports betting gains traction, the deal allows wagering in states like Colorado, New Hampshire, and New Jersey. DraftKings has seen a significant interest in betting on DRL, with over 150,000 entries in a free-to-play pool during the 2020 season. The partnership includes exclusive marketing rights and promises engaging betting experiences around live races, starting January 9th on NBC and social media.

DraftKings and InComm Payments announce a strategic partnership to launch an industry-first retail gift card, enhancing DraftKings’ consumer payment options. Available at popular convenience stores like 7-Eleven and Dollar General, these gift cards will be offered in $25 and $50 denominations, allowing users to gift the DraftKings experience. This initiative is part of DraftKings' strategy to expand its retail presence and facilitate customer account funding, aligning with the company's growth in the digital sports entertainment sector.

DraftKings has secured a multi-year partnership with the Nashville Predators to become the official daily fantasy sports provider and sports betting operator. This collaboration coincides with the launch of DraftKings’ mobile sportsbook app in Tennessee. Predators fans will enjoy a deposit bonus of up to $1,000 upon signing up. DraftKings branding will be prominently featured at Bridgestone Arena during games and through digital content, enhancing fan engagement. The partnership aims to enrich the sports betting experience for audiences in Tennessee.

DraftKings Inc. (Nasdaq: DKNG) announced that CEO Jason Robins will speak at the Milken Institute’s 2020 Asia Summit on December 9, 2020, at 12:30 PM SGT (11:30 PM ET, December 8). The summit will be webcasted live, allowing investors to access the presentation via the company’s investor relations page. DraftKings is recognized as a leading digital sports entertainment and gaming company, engaging users through daily fantasy sports and regulated gaming across multiple jurisdictions.

DraftKings has partnered with the Mashantucket Pequot Tribal Nation to facilitate online sports betting in Connecticut, pending regulatory approvals. This multi-channel agreement will allow DraftKings to expand its presence in New England and become the official daily fantasy sports partner of Foxwoods Resort Casino. With mobile sports betting already operational in 10 states, this partnership aims to generate $175 million in new revenue for Connecticut over five years. The launch of daily fantasy sports is set for December 13, 2020.

DraftKings (Nasdaq: DKNG) announced that CEO Jason Robins will participate in the UBS Virtual TMT Conference on December 7, 2020, with his presentation scheduled for 1:55 PM ET. The conference will be available via live video and audio webcast, accessible through investors.draftkings.com. Founded in 2012, DraftKings is a leading digital sports entertainment and gaming company, providing services across various regulated markets.

DraftKings partners with the Detroit Pistons as their exclusive Official Daily Fantasy Sports Partner and Official Sports Betting and iGaming Partner. This deal includes access to team trademarks, branded signage, and prize opportunities for fans. As DraftKings prepares to launch in Michigan, the collaboration aims to enhance fan engagement. The company offers a free $200 bonus for new customers in Michigan, while the Pistons plan to leverage this partnership to strengthen community ties. The agreement marks a significant move into a new market for DraftKings.

DraftKings has been named the Official Sports Betting Partner for the boxing match between Mike Tyson and Roy Jones Jr. scheduled on November 28, 2020. The event will include betting options through DraftKings in several states and a free-to-play pool available nationwide. This collaboration allows DraftKings to enhance viewer engagement with exclusive sportsbook data and branding throughout the event. With significant celebrity involvement and a $49.99 pay-per-view price, this matchup aims to attract a wide audience.

DraftKings Inc. (Nasdaq: DKNG) reported a strong third quarter of 2020, achieving revenue of $133 million, which is a 98% increase from $67 million in Q3 2019. Following a successful return of major sports, the company raised its 2020 pro forma revenue guidance to $540-$560 million and introduced a 2021 revenue guidance of $750-$850 million. The growth is attributed to innovative products, a 64% rise in monthly unique payers, and expansion into new states, including Illinois. DraftKings now operates in 10 states, representing 20% of the U.S. population.