DraftKings Archives - Legal Sports Report

Analysis: Why Are People Investing In Daily Fantasy Sports Again?

The likes of Monkey Knife Fight, PrizePicks and Underdog Fantasy have all been raising money and signing sponsorship deal in recent months. What's driving the money and can DFS co-exist with sports betting? Read More

Posted on: September 22, 2020 | | Brad Allen

ESPN Goes Big On Sports Betting, Will Integrate DraftKings, Caesars And William Hill

DraftKings and William Hills will get co-exclusive sportsbook integrations across ESPN digital platforms, including the ESPN Fantasy app. Read More

Posted on: September 14, 2020 | | Brad Allen

The Week In Sports Betting News: DraftKings Dominates Pre-NFL Chatter

This week's recap in sports betting news includes DraftKings Sportsbook dominating the news cycle and a surprising offshore exit. Read More

Posted on: September 8, 2020 | | Matthew Waters

Brace Yourself: Here Come The Sports Betting Ads As NFL Ramps Up

US sportsbook operators look set to spend more than $1 billion on gambling ads during the 2020 NFL season. Will it spark a backlash? Read More

Posted on: September 8, 2020 | | Brad Allen

What The First DraftKings Sportsbook With SBTech Looks Like

DraftKings has launched its first sportsbook on the SBTech platform in what could offer a preview of its eventual product in the US. Read More

Posted on: September 4, 2020 | | Brad Allen

A Wrigley Field Sportsbook: DraftKings Cements Illinois Sports Betting Status With Chicago Cubs Deal

The Cubs become the first Illinois sports team to announce an on-property sportsbook, with fans also able to access a mobile product within five blocks. Read More

Posted on: September 3, 2020 | | Brad Allen

DraftKings Stock Surges As Michael Jordan Joins Board As ‘Special Advisor’

Former Chicago Bulls superstar Jordan will act as a "special advisor" to DraftKings in return for an equity stake in the business. Read More

Posted on: September 2, 2020 | | Brad Allen

The Week In Sports Betting News: When Losing $161 Million Is OK

Happy Monday, everyone. Sports betting appears to be back in full swing after the news that two states saw significant growth in July with limited major events. More state sports betting revenue reports, including Pennsylvania and Nevada, are still due out for July. Those results should confirm that sports betting is back in full swing […] Read More

Posted on: August 17, 2020 | | Matthew Waters

IRS: Daily Fantasy Sports Companies Are Subject To Federal Sports Betting Tax

New guidance from the Internal Revenue Service says that the federal excise tax on sports betting also applies to daily fantasy sports. The excise tax, sports betting and DFS The excise tax is applied as a tax of .25% of all sports wagers; as applied to DFS this would be each entry fee for a […] Read More

Posted on: August 13, 2020 | | Dustin Gouker

What Happened To Illinois Golf Betting Markets?

Illinois golf betting has been down for two weeks as regulators address integrity concerns about players who aren't earning enough to cover tournament expenses. Read More

Posted on: August 12, 2020 | | Brad Allen

DraftKings

Analysis: Why Are People Investing In Daily Fantasy Sports Again?

ESPN Goes Big On Sports Betting, Will Integrate DraftKings, Caesars And William Hill

The Week In Sports Betting News: DraftKings Dominates Pre-NFL Chatter

Brace Yourself: Here Come The Sports Betting Ads As NFL Ramps Up

What The First DraftKings Sportsbook With SBTech Looks Like

A Wrigley Field Sportsbook: DraftKings Cements Illinois Sports Betting Status With Chicago Cubs Deal

DraftKings Stock Surges As Michael Jordan Joins Board As ‘Special Advisor’

The Week In Sports Betting News: When Losing $161 Million Is OK

IRS: Daily Fantasy Sports Companies Are Subject To Federal Sports Betting Tax

What Happened To Illinois Golf Betting Markets?

Colorado Sports Betting Still Feeling The Table Tennis Love

Analysis: Why Are People Investing In Daily Fantasy Sports Again?

Louisiana Sports Betting Gets Operator-Backed Campaign For School Funding

The Week In Sports Betting News: Illinois Stays Remote – For Now

From ‘Irreparable Harm’ to Moneymaker: A Brief History of NCAA Sports Betting Policy