Tag: DraftKings
DraftKings CEO says smaller sports betting apps can survive with right strategy
DraftKings CEO Jason Robins expressed optimism about the potential for smaller sports betting operators to carve out a sustainable niche in... more
Two U.S. senators seek antitrust probe of DraftKings, FanDuel
Two U.S senators have asked the Federal Trade Commission and Justice Department to investigate online betting platforms DraftKings and... more
Suit claims DraftKings ‘nurtured’ New Jersey father’s gambling addiction as he lost $1M of family’s money
A New Jersey father lost nearly $1 million he stole from his wife and two kids while in the throes of a ruinous gambling addiction the... more
As Robinhood looks at sports betting, and DraftKings at election betting, it won’t be easy for either
The sometimes overlapping worlds of investing and wagering were abuzz on Wednesday after the chief executive officer of Robinhood Markets... more
DraftKings CEO sees potential for more online casino legislation in 2025
DraftKings Chief Executive Officer and co-founder Jason Robins took part in a fireside chat at The Craig-Hallum Online Gaming Conference .... more
New Hampshire’s October sports betting handle up 1.9 percent year-over-year
The New Hampshire sports betting handle increased by 1.9 percent year-on-year in October, reaching $79.3 million. The sports betting handle... more
Ohio fines DraftKings $425K for college player prop betting, funding violations
When Ohio regulators said no more college player prop wagering, they really meant no more college player prop wagering, as DraftKings is... more
DraftKings ramps up lobbying efforts in longshot Texas sports betting push
DraftKings is hiring a government affairs specialist as it ramps up a difficult political push to bring legal sports betting to the Lone... more
DraftKings adds $500M credit line that incentivizes borrowing
DraftKings has opened a new $500 million credit facility, a move that will give the company easy access to more—and cheaper—liquidity... more
Wall Street: Analysts take on DraftKings 3Q, DoubleDown Interactive growth, Missouri OSB, Red Rock
DraftKings 3Q results “DraftKings had a strong Q3 as its core business continues to grow nicely,” wrote Truist Securities analyst... more