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Tag Archives: DraftKings

DraftKings and Live! to open DraftKings Sports & Social Columbus

DraftKings and Live! Hospitality & Entertainment, will open the new DraftKings Sports & Social on May 9 in the former Melt Bar & Grilled in Short North, Ohio. The partnership has already seen the PBR Cowboy Bar open at Easton Town Center in February. DraftKings has previously opened Sports & Social locations in Detroit and…

US – DraftKings sportsbook set for go-live in North Carolina

DraftKings will launch its online sportsbook in North Carolina on March 11. Once live, DraftKings Sportsbook will be available in 27 US states, in addition to Ontario, Canada. The announcement follows DraftKings and NASCAR agreeing to terms on a written designation agreement earlier this year, paving the way for the digital sports entertainment and gaming…

US – High-flying DraftKings buys Jackpocket, the leading lottery app in the US

DraftKings is to buy Jackpocket, the leading lottery app in the United States, for $750m. Jackpocket is the leading provider of digital lottery services in the US with proprietary and highly-scalable technology, a strong brand, and an outstanding founder-led management team. It was downloaded nine times more than its closest competitor in the digital lottery…

US – DraftKings Sportsbook at TPC Scottsdale holds ribbon cutting ceremony

The PGA TOUR and DraftKings held a ceremonial ribbon cutting at the DraftKings Sportsbook at TPC Scottsdale at 1 p.m. MT today, with former Arizona Cardinals legend Larry Fitzgerald placing the ceremonial first bet. The sportsbook will officially open to the public at 10 a.m. MT on Friday, 20 October. Construction on the highly anticipated sportsbook began…

US – DraftKings raising revenue guidance to range of $3.46bn to $3.54bn

For the three months ended June 30, 2023, DraftKings reported revenue of $875m, an increase of 88 per cent compared to $466m during the same period in 2022 driven primarily by continued healthy customer retention and engagement, efficient acquisition of new customers, product innovation leading to increased parlay mix and thus higher hold percentage, and…

US – Fanatics trumps DraftKings for PointsBet’s US business

PointsBet’s board has unanimously recommended Fanatics Betting and Gaming’s improved proposal of US$225m to acquire its US business, representing a 50 per cent (US$75m) increase to the prior bid. The news is a blow to DraftKings who had previously submitted a $195m offer. The operator had expressed its excitement regarding the potential synergies available by…

US – DraftKings submits superior offer for PointsBet

DraftKings has delivered a letter to both the Non-Executive Chairman and Chief Executive Officer of PointsBet Holdings setting forth an indicative offer to acquire PointsBet’s US business in an all-cash transaction with a purchase price of $195m. DraftKings’ proposal represents a 30 per cent premium to PointsBet’s existing agreement to sell its US business and…

US – DraftKings raises its 2023 guidance following 84 per cent jump in revenues

DraftKings has reported revenue of $770m, for the three months ended March 31, an increase of 84 per cent compared to $417m during the same period in 2022 driven primarily by efficient acquisition of new customers, product innovation driving higher hold percentage, decreased promotional intensity in more mature states, and continued healthy customer retention. DraftKings…

US – DraftKings live with DK Horse App in 12 states

DraftKings’ DK Horse, the digital gaming operator’s first-ever horse racing product, has launched in 12 states and expects to launch in additional states by the Kentucky Derby on Saturday, 6 May 2023. The standalone, DK Horse-branded app allows eligible customers to access pari-mutuel wagering on horse racing. In November 2022, DraftKings and Churchill Downs Incorporated announced a…