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 (Nasdaq: DKNG) partners with Major League Eating for the 2020 Nathan’s Famous Fourth of July International Hot Dog Eating Contest, adapting the event to ensure health safety amid the pandemic. This year, the contest will not be held in public but will be broadcast on ESPN. DraftKings offers a free-to-play pool with $25,000 in prizes and betting options for customers in Colorado, New Jersey, and New Hampshire. The event highlights American tradition while supporting food banks and honoring essential workers.
DraftKings (DKNG) launches its standalone Casino app in New Jersey, enhancing its gaming portfolio. The app features unique games exclusive to DraftKings, along with improved classics like Blackjack and Roulette. According to a DraftKings study, 70% of new Casino customers engage first with DraftKings-branded games. This launch signifies a strategic move to broaden their customer base while planning expansion into more states. The app also incorporates offerings from third-party providers and operates a custom 24/7 live studio, showcasing DraftKings' commitment to innovation and responsible gaming practices.
DraftKings (Nasdaq: DKNG) has announced the upsizing and pricing of its public offering from 33 million to 40 million shares of Class A common stock. DraftKings will sell 16 million shares while certain selling stockholders will sell 24 million shares at a price of $40.00 per share, totaling $1.6 billion. Notably, DraftKings will not receive proceeds from the selling stockholders' shares. The intended use of net proceeds from the offering is for general corporate purposes, with an additional option for underwriters to purchase 6 million more shares.
DraftKings (Nasdaq: DKNG) announced a public offering of 33 million shares of its Class A common stock, with 14 million shares from the company and 19 million from selling stockholders. Underwriters may purchase an additional 4.95 million shares. DraftKings will not receive proceeds from the selling stockholders. The company plans to use its net proceeds for general corporate purposes. The offering is subject to market conditions, and details are available in the preliminary prospectus filed with the SEC.
DraftKings (NASDAQ: DKNG) has partnered with Bay Mills Resort & Casino to expand its market access into Michigan, pending necessary licenses and approvals. This partnership will enable the launch of the DraftKings Sportsbook mobile app and a retail betting location at the Bay Mills Casino. A consumer study indicates significant interest in online sports betting among Michiganders, with over a third having placed legal bets elsewhere. DraftKings aims to provide an innovative sports betting experience as sports resume across the U.S.
On May 27, 2020, DraftKings (Nasdaq: DKNG) announced the redemption of all outstanding public warrants for its Class A common stock, set at a redemption price of $0.01 per warrant. This decision follows the fulfillment of a price performance clause, with the stock closing at least $18.00 for 20 trading days within a 30-day period as of May 21, 2020. Unexercised warrants post-June 26, 2020, will become void. Registered holders were notified, and the underlying shares are registered under the Securities Act of 1933.
BOSTON, May 26, 2020 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announces participation in investor conferences featuring CEO Jason Robins. He will present at the Cowen 48th Annual Technology, Media & Telecom Conference on May 28, 2020, at 9:10 AM ET, and at the Goldman Sachs Lodging, Gaming, Restaurant, & Leisure Conference on June 1, 2020, at 9:55 AM ET. Both presentations will be webcast live via investors.draftkings.com. DraftKings is a leader in digital sports entertainment and gaming, partnering with 50+ operators across over 15 regulated markets.
DraftKings (Nasdaq: DKNG) reported a robust 30% revenue growth for Q1 2020, despite challenges posed by COVID-19. The company remains focused on customer engagement, having launched new products like fantasy sports and eSports betting. The recent business combination positions DraftKings as the only vertically integrated sports betting entity in the U.S. Looking ahead, the company anticipates no long-term impacts on its financial outlook due to the pandemic, and it aims to expand into new states as legislation progresses.
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