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Industry
December 9, 2024
Senators Demand Antitrust Investigation into FanDuel and DraftKings
Two US senators, Mike Lee (R-Utah) and Peter Welch (D-Vt.), have asked federal regulators to look into possible antitrust rule-breaking by top online sports betting sites FanDuel and DraftKings. Lawmakers Urge FTC and DOJ to Investigate Potential Collusion Between FanDuel and DraftKings The lawmakers sent a letter on December 5 to the Federal Trade Commission […]
Sports
December 4, 2024
DraftKings CEO Highlights Dominance and Future of US Online Sports Betting
DraftKings CEO Jason Robins feels sure his company together with FanDuel, will keep their top spots in the US online sports betting market. At Craig-Hallum’s 4th Annual Online Gaming Conference, Robins talked about the industry’s problems and changes while stressing DraftKings’ toughness and long-term plans. Robins Discusses Upstart Brands and the Resilience of DraftKings and […]
Industry
December 3, 2024
DraftKings CEO Robins Predicts US iGaming Expansion in 2025
Unlike sports betting, which is available in close to 40 US states, online gambling is legal only in seven states. With iGaming available in major markets such as Michigan, New Jersey and Pennsylvania, among others, the legalization of the activity is expected to pick up speed in more states, a recognizable gaming executive predicted recently. […]
Industry
November 21, 2024
Ohio Penalizes DraftKings for Accepting Prohibited Wagers and Payment Methods
Ohio was among the states that banned college player prop betting amid integrity and harassment concerns. Despite the recent prohibition, DraftKings seems to have offered such products past the prohibition date, incurring a six-figure penalty. DraftKings Was Penalized for Accepting College Player Prop Bets On Wednesday, the Ohio Casino Control Commission approved a settlement […]
Industry
November 18, 2024
Texas Betting Effort to Gain Momentum with DraftKings Lobbying
Texas, the second-largest US state in terms of population, currently offers limited forms of gambling. With several horse racetracks, casinos operated by Native American Tribes and a lottery, the state doesn’t offer a lot of gambling options. Still, efforts toward the expansion of the activity with the legalization of Las Vegas-style casino gambling and sports […]
Business
November 11, 2024
DraftKings Considers Political Betting in the Wake of the Election
The US presidential elections are now over, cementing Trump’s return to the White House. Sports betting giant DraftKings is already looking far ahead, eyeing political betting opportunities for the next election. A Very Different Framework In a conference call, the company’s chief executive officer, Jason Robins, acknowledged the intense political betting activity. He called non-sports […]
Business
November 11, 2024
DraftKings CEO Emphasizes Strong Growth Potential in Online Sports Betting
DraftKings CEO Jason Robins shared a positive outlook on the future of online sports betting pointing out big chances to grow and expand even with recent money changes. In a talk with Jim Cramer, who hosts CNBC’s Mad Money, Robins spoke about how the company did in Q3 2024 and gave his thoughts on the […]
Legal
November 5, 2024
DraftKings Sued in NY over Allegedly Misleading $1K Bonus
Class action lawsuits filed against online betting and casino operators are not uncommon. Now, one of the top two betting and gaming companies in the United States, DraftKings, is reportedly facing a new class action lawsuit in New York, a report suggests. The Lawsuit Seeks to Recover All Funds Lost by DraftKings Customers The recently […]
Business
October 30, 2024
DraftKings Announces New Jersey Layoffs Amidst Problem Gambling Concerns
DraftKings announced plans to lay off 101 employees in New Jersey, attributed to the company’s decision to shut down its live dealer studio in Atlantic City. It is yet unknown whether this downsizing will affect the company’s gambling harm prevention team, as New Jersey officials recently raised significant concerns regarding rising addiction rates in the […]
Industry
October 29, 2024
DraftKings Considers Ending Tony Hinchcliffe Collab After Trump Rally Appearance
According to Front Office Sports sources, a recent pro-Trump rally that saw an appearance from comedian Tony Hinchcliffe, who endorsed the presidential candidate and delivered a series of tasteless jokes, has triggered an internal response by DraftKings, with the company now reevaluating its collaboration with its ambassador. DraftKings Begins Erasing Ties with Ambassador – No […]
