DraftKings Sportsbook Archives - Legal Sports Report

DraftKings Makes It Rain Again In Deal With ESPN Vet Le Batard

DK will help distribute Meadowlark’s Dan Le Batard-fronted shows across its platforms, while also commissioning new shows and content. Read More

Posted on: April 27, 2021 | | Brad Allen

Arizona Sports Betting Becomes Legal In Landmark Bill For Tribal Casinos

Governor Doug Ducey signed Arizona sports betting legislation and an updated tribal compact Thursday. Ducey’s signature was expected on HB 2772, which helps enact the broader 20-year extension to the tribal gaming compacts he negotiated. Along with AZ sports betting, the legislation also legalizes daily fantasy sports and Keno games. During the signing ceremony, Ducey said the […] Read More

Posted on: April 15, 2021 | | Pat Evans

More Than A Sportsbook: Is DraftKings Building A Media Empire?

DraftKings has hired its first ever Chief Media Officer in a move that hints at the company’s wider ambitions in the media space. Read More

Posted on: April 13, 2021 | | Brad Allen

CT Sports Betting Agreement Finally Includes Both Gaming Tribes

CT sports betting finally has an agreed-upon roadmap after Gov. Ned Lamont came to an agreement today with the Mashantucket Pequot. The operator of Foxwoods casino initially was left when Lamont and the Mohegan tribe announced they came to terms earlier this month. That upset Mashantucket Pequot chairman Rodney Butler, who said his tribe still […] Read More

Posted on: March 18, 2021 | | Matthew Waters

DraftKings CEO: Illegal Market Sports Bettors ‘Arguably The Most Valuable’

DraftKings now believes it can generate $1.7 billion in annual adjusted EBITDA given its updated expectations for US online gaming. How big players from the offshore market factor into that remains an open question. The forecast, given at a DraftKings investor presentation Tuesday, is up from $1.2 billion last year because of more bullish expectations […] Read More

Posted on: March 10, 2021 | | Matthew Waters

DraftKings Readies For Investor Day Following Improved Guidance

As DraftKings stock continues to soar despite big losses, the company is set to host a virtual investor day on Tuesday. The event comes after DraftKings released its fourth-quarter and year-end 2020 results on Feb. 26. DraftKings Investor Day begins 9 a.m. ET Tuesday. A look into DraftKings future Presentations from multiple executives will be […] Read More

Posted on: March 8, 2021 | | Pat Evans

Can DraftKings Make TV Betting Work In Deal With DISH?

DraftKings customers won’t be able to bet directly via TV application but will be able to initiate bets to finish in the app. Read More

Posted on: March 3, 2021 | | Brad Allen

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 | | Brad Allen

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 | | Matthew Waters