DraftKings Sportsbook

DraftKings

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 | Daily Fantasy Sports Sports Betting | Matthew Waters
DraftKings

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 | Sports Betting | Pat Evans

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 | Sports Betting | Matthew Waters
Massachusetts sports betting

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 | Regulation Sports Betting | Matthew Waters
DraftKings

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 | Daily Fantasy Sports Regulation Sports Betting | Adam Candee
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