Draftkings Inc Stock Price, News & Analysis

DraftKings Inc. (Nasdaq: DKNG) will release its fourth quarter and full year 2022 results on February 16, 2023. Following this, a conference call will occur on February 17, 2023, at 8:30 a.m. EST, where management will discuss the financial results and overall business performance. Investors can access the call through DraftKings' investor relations website. The audio will remain available until March 14, 2023. DraftKings is a leading digital sports entertainment company, offering daily fantasy sports, regulated gaming, and more across 22 states and Ontario, Canada.

DraftKings Inc. (Nasdaq:DKNG) has partnered with Gamres to implement the Positive Play Scale, a responsible gaming tool, among U.S. customers. This initiative is a first for a multi-state online gaming operator in the U.S., aiming to enhance DraftKings' responsible gaming program. The Positive Play Scale assesses player beliefs on responsibility and gaming literacy through a survey, aiming to optimize player engagement and safer gaming practices. Both companies expect actionable insights to foster healthier gaming experiences. DraftKings' ongoing commitment to responsible gaming aligns with its broader corporate social responsibility initiatives.

DraftKings has appointed Cristina Ackas as Vice President of Inclusion, Equity & Belonging (IEB), effective immediately. Ackas, with over a decade of experience, will lead the IEB strategy and report to Chief People Officer Graham Walters. She joins from Octagon Sports & Entertainment, where she developed a comprehensive DE&I plan. DraftKings aims to enhance its inclusive culture, having invested $1 million annually in diversity initiatives. Ackas emphasizes the organizational commitment to empowering employees to bring their authentic selves to work. The move aligns with DraftKings’ ongoing mission to promote curiosity and diverse perspectives.

Paysafe (NYSE: PSFE) expands its payment processing services into the Ohio online sports-betting market, enhancing its operations in 25 U.S. jurisdictions. Following its entry into Maryland in Q4 2022, the company aims to capitalize on Ohio's market, projected to generate $900M in annual gaming revenue. Paysafe is collaborating with major sportsbooks like DraftKings (NASDAQ: DKNG) and Betway (NYSE: SGHC), offering a suite of payment solutions, including deposits via credit and debit cards and its Skrill digital wallet. This expansion positions Paysafe as a leader in the rapidly growing iGaming sector.

DraftKings (Nasdaq: DKNG) plans to launch its online sportsbook in Ohio on January 1, 2023, pending regulatory approvals. The platform will allow Ohio residents to legally bet on various sports events, including the NFL and College Football Playoff. Customers can enjoy features like same-game parlays and player prop bets. Additionally, DraftKings will support local communities through its 'Give Ohio Props' initiative, donating $25 for each new user sign-up in December. The company emphasizes responsible gaming through its DraftKings S.E.R.V.E.S. program.

DraftKings has announced the anticipated launch of its online sportsbook in Maryland on November 23, 2022, pending regulatory approvals. The sportsbook will offer a range of betting options, enhancing the gaming experience for Maryland customers ahead of Thanksgiving Day NFL games. DraftKings aims to provide a responsible and innovative betting environment, supported by partnerships with local entities. The launch further strengthens DraftKings' presence in the state, complemented by its role as the Official Sports Betting Sponsor of the Baltimore Ravens.

DraftKings Inc. (Nasdaq: DKNG) reported a robust third quarter in 2022, with revenues reaching $502 million, marking a 136% increase from $213 million in Q3 2021. The B2C segment revenue surged to $493 million, a 161% rise, driven by excellent customer engagement and new product launches. The company raised its 2022 revenue guidance to $2.16 billion - $2.19 billion and improved adjusted EBITDA guidance, projecting a loss between $800 million and $780 million for the year. DraftKings’ monthly unique payers grew to 1.6 million, up 22% year-over-year.

DraftKings and Deadfellaz have teamed up to launch limited-edition NFT player cards featuring 13 professional football players, set to drop on October 25. These cards will be playable in Reignmakers Football, an NFT-based fantasy football game, with over $1 million in weekly prizes. Players include Nick Chubb and Jalen Hurts. This collaboration signals a move to integrate Web3 into the fantasy sports space. The player cards can be used starting October 30 through the football season, appealing to both NFT collectors and sports fans alike.

DraftKings (Nasdaq: DKNG) announced it will release its third quarter 2022 results on November 4, 2022, at 8:30 AM EDT. This will be followed by a conference call to discuss the results. Interested parties can access the earnings press release and related materials on DraftKings' investor relations website. The audio webcast will also be available until December 14, 2022. As the only U.S.-based vertically integrated sports betting operator, DraftKings continues to expand its offerings in digital sports entertainment and gaming.