About the Company
DraftKings Inc. is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (the MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA), Boxing, Tennis, All Elite Wrestling (AEW), and WWE. DraftKings launched DraftKings Sportsbook in New Jersey. Since launching in New Jersey, DraftKings has opened mobile sports betting operations in Connecticut, Indiana, Pennsylvania, West Virginia and New Hampshire on December 30, 2019 after reaching agreement with the New Hampshire Lottery.As of April 2016, the majority of U.S. states consider fantasy sports (including daily fantasy sports) a game of skill, rather than gambling. In November 2016, FanDuel and DraftKings, the two largest companies in the daily fantasy sports industry, reached an agreement to merge. However, the merger was terminated in July 2017-- blocked by the Federal Trade Commission to prevent potential monopoly, as the combined company would have controlled 90 percent of the market for daily fantasy sports. As of July 2017, DraftKings had eight million users.DraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company, and special-purpose acquisition company Diamond Eagle Acquisition Corp in April 2020.
Exchange
Nasdaq
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Latest $DKNG News
DraftKings Sued Over ‘Risk-Free’ Bets That Were Anything But
DraftKings Inc. was hit with a class-action lawsuit accusing the sports betting website of misleading new users into ...
DraftKings Stock Has Upside To Street Estimates, Analyst Says: Sports Betting Play Will 'Benefit From Healthy Growth'
DraftKings stock is up over 100% in the last year. An analyst sees more upside ahead with new initiation on the sports ...
Ex-DraftKings exec denies accessing trade secrets before Fanatics job jump
A former DraftKings executive on Tuesday took to the witness stand to deny stealing the company's trade secrets or soliciting ...
DraftKings heads higher after Goldman Sachs starts off coverage with a buy call
Goldman Sachs initiates coverage on DraftKings with a Buy rating, expecting strong revenue growth and improved unit economics ...
Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know
DraftKings (DKNG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the ...
DraftKings Inc Ordinary Shares - Class A
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
SOURCE SPORTS: DraftKings and Meadowlark Media Launch Women-Led Sports Show ‘Good Follow’
DraftKings Inc. (NASDAQ: DKNG) has announced the upcoming launch of Good Follow, a new women-led sports show in collaboration with Meadowlark Media. Set to debut on DraftKings Network in June, the one ...
DraftKings Inc.'s (NASDAQ:DKNG) institutional investors lost 3.8% last week but have benefitted from longer-term gains
We note that hedge funds don't have a meaningful investment in DraftKings. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 8.3% of shares outstanding. With 4.5% and 2. ...
DraftKings, MGM Target Brazil’s Booming Online Gambling Market
Sports betting heavyweights like DraftKings Inc. and MGM Resorts International are exploring entry into Brazil’s new ...
DraftKings is showing this ‘powerful sign’ that could help boost its stock 20%
DraftKings Inc.’s stock has been a big recent winner, rising nearly 170% over the past 12 months. But there’s still room to run, according to a new bull. Mizuho’s Ben Chaiken launched ...
DraftKings: Colorado Avalanche most likely to win first round of playoffs
With one game remaining, the Colorado Avalanche are heading to play the Winnipeg Jets in the first round of the playoffs.
DraftKings Inc Ordinary Shares - Class A
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
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