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Business
December 7, 2023
DraftKings CEO Confident in Company’s Resilience Amidst ESPN Bet Launch
DraftKings CEO, Jason Robins, has expressed confidence in the company’s position in the online gaming market, stating that the recent launch of ESPN Bet does not pose a threat to DraftKings’ trajectory. DraftKings CEO Jason Robins Stresses Product Excellence Speaking at the 3rd Annual Craig-Hallum Online Gaming Conference, Robins acknowledged the competitive landscape but emphasized […]
Business
December 6, 2023
DraftKings Expands Its Fantasy Offering with Pick6
American sports betting powerhouse DraftKings has unveiled a new peer-to-peer fantasy sports game called Pick6. Debuting in six states, the game leverages simple, yet exciting mechanics that will provide sports fans with hours of fun. DraftKings’ newest fantasy title is debuting in Maryland, Minnesota, Oklahoma, South Carolina, Tennessee and Wisconsin, allowing players to enjoy premium […]
Blockchain
December 1, 2023
CoinDesk: Polygon Labs Gave Special Treatment to DraftKings’ Validator
American gambling giant DraftKings served as a member of Polygon Labs’ validator community. What the latter company did not disclose, though, is that the operator was not truly an “equal member” of the community. As outlined in a report by CoinDesk, a crypto news outlet, Polygon had signed a deal that was incredibly lucrative to […]
Casino
November 29, 2023
Golden Nugget Biloxi Partners with DraftKings to Launch High-Tech Sportsbook
Golden Nugget Casino Biloxi has joined forces with DraftKings, unveiling plans to transform their current sportsbook into a cutting-edge retail space, set to open its doors in January 2024. Golden Nugget Powers Up Mississippi’s Gaming Scene with $1M Investment The collaboration between Golden Nugget Casino Biloxi and DraftKings promises an unparalleled sports betting encounter, marking […]
Sports
November 27, 2023
DraftKings Sets Records Amidst Las Vegas Grand Prix Frenzy
Sin City witnessed a historic surge in bets during the race, making it the most wagered-on Formula 1 event ever, according to data from leading online sportsbook operator DraftKings. Caesars and BetMGM Dominate Las Vegas Grand Prix Betting Surge Breaking previous F1 records for both handle and the number of wagers, the Las Vegas Grand […]
Industry
November 17, 2023
Hacker Accused of Stealing from DraftKings Customers Pleads Guilty
A person identified with the initials J.G., an 18-year-old hacker from Wisconsin, who allegedly stole over $600,000 from DraftKings giant by hacking into the online accounts of more than 1,000 registered players, has pleaded guilty to the charges brought to him. J.G. allegedly stole the login and password information of over 1,600 DraftKings members and […]
Sports
November 15, 2023
DraftKings Unveils “Progressive Parlay,” Targeting the Fantasy Gaming Market
At DraftKings’ Investor Day, the renowned sports betting platform announced a game-changing betting product called “Progressive Parlay.” This new offering mirrors the style and functionality of apps from smaller fantasy gaming operators, hoping to attract some of their growing user bases. Companies like PrizePicks and Underdog Fantasy have faced increasing pressure from industry leaders who […]
Business
November 9, 2023
DraftKings Contemplated 888 Holdings Takeover, Report Says
American sports betting giant DraftKings had considered a takeover of 888 Holdings amid the struggles experienced by the latter company. While the former company has not yet approached 888 with a takeover proposal, it mulled over the possibility and discussed the matter with 888 shareholders. According to a report by the Financial Times, DraftKings considered […]
Industry
November 8, 2023
DraftKings Enjoys a Stellar Launch during Maine’s First Weekend of Regulated Sports Betting
While DraftKings was the last operator to secure one of the coveted Maine sports betting market slots, its first weekend online was wildly successful, netting it over $3.4 million in profits. Such results are not uncommon for high-profile launches and should help the operator secure a substantial market share against competitors like Caesars. The Operator’s […]
Business
November 3, 2023
DraftKings’ Q3 Results and Improved Guidance Highlight the Success of Its Strategy
DraftKings has published its Q3 2023 results, updating its guidance thanks to its strong performance. The American betting company posted revenue of $790 million for the period – a figure that represents a staggering 57% year-on-year increase from the $502 million recorded in 2022. In the wake of this strong figure, DraftKings raised its FY […]