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.
DraftKings Inc. reports news on its online sports betting, iGaming, daily fantasy sports, lottery and sports event contract businesses. Company updates commonly cover financial results, customer acquisition and retention, sportsbook net revenue margin, product integrations, responsible-gaming initiatives and expansion in regulated North American jurisdictions.
Recurring developments also include Jackpocket lottery courier activity, digital lottery products, media and sports partnerships, platform personalization features, investor presentations, share repurchase activity, governance updates and legal or regulatory matters tied to online wagering and sports-related betting products.
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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