Welcome to our dedicated page for Draftkings news (Ticker: DKNG), a resource for investors and traders seeking the latest updates and insights on Draftkings stock.
The DraftKings Inc. (DKNG) news feed on Stock Titan focuses on developments across the company’s digital sports entertainment and gambling ecosystem. DraftKings describes itself as the "Ultimate Host" for sports fans, with products spanning daily fantasy sports, regulated online sports betting, iGaming, digital lottery courier services through Jackpocket, prediction markets via DraftKings Predictions and media content on DraftKings Network. News about DraftKings often highlights how these offerings evolve within regulated markets in the United States and Canada.
Investors and followers of DKNG can use this page to track company announcements on topics such as mobile and retail sportsbook launches in new jurisdictions, expansions of iGaming under the DraftKings and Golden Nugget Online Gaming brands, and updates on daily fantasy sports availability across U.S. states and Canadian provinces. Coverage also includes partnership news with major sports leagues and media organizations, including DraftKings’ roles as an official sports betting or daily fantasy partner of leagues like the NFL, NBA, NHL, PGA TOUR, WNBA, UFC, NASCAR and MLB, as well as multi-year advertising and integration agreements with broadcasters such as NBCUniversal.
DraftKings news frequently features financial updates and strategic moves disclosed through earnings press releases and related 8-K filings, including revenue trends across sportsbook, iGaming and other revenue categories, and capital allocation decisions such as share repurchase authorizations. Additional items include product innovations, such as the launch of DraftKings Predictions under CFTC oversight, acquisitions like Railbird Technologies Inc. and Railbird Exchange, LLC to support prediction markets, and enhancements to responsible gaming and responsible trading tools.
By following this DKNG news page, readers can monitor how DraftKings’ regulated gaming footprint, partnerships, technology initiatives and responsible engagement programs develop over time, and how these factors shape the company’s position in online sports betting, iGaming, fantasy sports, lottery courier services, prediction markets and digital sports 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.
DraftKings has formed an exclusive, multi-year partnership with Bryson DeChambeau, who is the sixth-ranked professional golfer, to enhance its brand in the gaming industry. This collaboration will make DeChambeau the face of DraftKings golf, starting with the 2020 Masters, where the DraftKings logo will appear on his cap. Golf has seen significant growth in betting, with the 2019 Masters among the top five events. DraftKings is also introducing a $100,000 free-to-play pool during the 2020 Masters, showcasing its innovative approach to fan engagement.
DraftKings announced the launch of its mobile sportsbook app in Tennessee on November 1, marking its entry into the ninth state for legal online sports betting. The app provides innovative promotions, betting types, and is tailored to local interests. With high anticipation for sports betting in Tennessee, a DraftKings study indicated that 82% of residents favor online wagering, with a strong interest specifically in DraftKings’ products. The company aims to leverage local sports enthusiasm, promising an engaging experience for Tennessee fans.
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