DraftKings Stock Steady On Improved Revenue Guidance Despite Massive Q4 Losses
DraftKings stock climbed 4% on Friday as it beat analysts revenue estimates and upgraded its 2021 revenue forecast. Read More
Posted on: February 26, 2021 |
Kambi: Super Bowl Betting Outage Caused By A Single Market
It’s among a sportsbook’s worst nightmares: having its tech sputter and eventually fail during a gigantic betting event like the Super Bowl. Unfortunately for Barstool Sportsbook, BetRivers and DraftKings Sportsbook, that was exactly the case Sunday – and it was an outside vendor who took the blame. The issue was on platform and technology provider […] Read More
Posted on: February 10, 2021 |
Why US Sportsbooks Couldn’t Handle Super Bowl 55 Traffic
Customers reported outages at regulated books across the country during Super Bowl 55, including BetMGM in Nevada, FanDuel and DraftKings. Read More
Posted on: February 8, 2021 |
Which Investment Fund Just Caused DraftKings Stock To Jump?
The renowned ARK Next Generation Internet ETF (ARKW) acquired 620,300 shares of $DKNG on Monday, worth $34 million. Read More
Posted on: February 2, 2021 |
Media Frenzy: Can US Sportsbook Operators Truly Replicate The Sky Bet Model?
US sports betting operators have committed billions of dollars to Sky Bet-style media deals over the next decade, but is it money well spent? Read More
Posted on: November 25, 2020 |
Massachusetts Sports Betting Again Rejected By Senate
The chances of Massachusetts even addressing sports betting this year, let alone legalizing, appear much longer after the Senate‘s budget decisions this week. The Senate again rejected the addition of sports betting to its fiscal 2021 budget proposal, which is months overdue. Sen. Bruce Tarr submitted an amendment legalizing sports wagering, just as he did […] Read More
Posted on: November 19, 2020 |
DraftKings Refutes Report NJ Sports Betting Whale Had Proxy Deal
DraftKings pushed back Friday on a report suggesting one of its VIP customers enjoyed a side deal to let him bet from outside New Jersey. A spokesperson for DraftKings told LSR that sportsbook director Johnny Avello did not have an arrangement with a customer claiming the company locked his account with a potentially winning $3 […] Read More
Posted on: November 6, 2020 |
Analysis: How Free Bets, Bonuses Can Prop Up US Sports Betting Revenue
Pennsylvania sportsbooks gave away 92% of their online sports betting revenues as promotional credit in September. Is that a sustainable level? Read More
Posted on: October 20, 2020 |
Analysts Split On DraftKings Stock Potential After New Share Offering
Everyone interested in US sports betting knew DraftKings stock would get some attention as the only US -listed, pure-play sports betting operator. Since going public in April, though, the stock exploded into more than that. Chad Beynon of Macquarie suggested the DraftKings stock is now considered part of the software and consumer internet high-growth sectors. […] Read More
Posted on: October 14, 2020 |
Did DraftKings Stock Offering Price Cause Concern Among Stock Market Investors?
DraftKings will likely add another $900 million to its balance sheet from its most recent stock offering, but at what cost? DraftKings priced its offering at $52 each for the 16 million new shares it will add to the market. That represents an 8.4% discount from Tuesday’s closing price and is 18.5% off the 52-week […] Read More
Posted on: October 8, 2020 |