Tag: DraftKings

FanDuel and DraftKings have teamed up to battle a bad actor clause in a proposed Illinois sports betting bill. (Image: Sporting News)

Live Scoring Issues Tarnish Weekend’s DFS Football Games

The weekend of football proved hair-pullingly frustrating for DFS users who couldn’t follow live scoring for their contests, and who are still waiting for payouts on Monday – up to two days after some contests ended. Neither DraftKings nor FanDuel offered live scoring for college football contests on Saturday. DraftKings […]

DraftKings CEO Jason Robbins said the company will reach two million bets on its mobile app this Sunday, less than two months after debuting it in August. The popularity, he said, is due in large part to betting market surrounding the NFL. (Photo: Mark Rebilas/USA Today)

DraftKings Stock Booms with Return of Football, Deal Announcements

With the return of the NFL and the announcement that the Big 10 will resume playing college football in October, DraftKings saw its stock soar in the past week. Although the price dipped some this week, trading at around $51 per share on Wednesday afternoon, DraftKings has been among the […]

The centerfield scoreboard at Wrigley Field, home of the Chicago Cubs. (Image: Patrick Gorski/USA Today Sports)

Wrigley Field Could Host DraftKings Sportsbook

Chicago Cubs fans may get to bet on their team at Wrigley Field whenever patrons are allowed back into games. DraftKings Plans Wrigley Field Sportsbook The Cubs announced a partnership with DraftKings to make the Boston-based company its official DFS and sports betting partner. It’s the latest in a series […]

DraftKings CEO Jason Robins is eagerly awaiting Governor Andrew Cuomo's signature on a bill that would free New York daily fantasy sports from injunction. (Image: Barry Chin/Boston Globe)

Legal Experts Believe DFS Operators Can Delay IRS Excise Tax

The IRS said it intends to impose an excise tax on DFS contest entries, but legal experts believe the industry can delay the implementation due to ambiguities in the law. Confusion About Whether DFS Contests are Wagers An IRS memo said that DFS companies must pay a 0.25 federal excise […]

Much to the delight of DraftKings and FanDuel, legislation to end daily fantasy sports prohibition is moving forward in Missouri, Iowa, and Tennessee. (Image: fox32chicago.com)

Some Say New DFS Tax Could Hurt Industry

A decision by the IRS to require daily fantasy sports operators to pay a federal excise tax on DFS contests is spurring debate over the future of the industry. DFS Subject to Same Excise Tax as Sports Bets An IRS memo says the DFS industry will face the same 0.25 […]

FanDuel and DraftKings received temporary operating licenses in Illinois for online sports books apps and hope to begin offering wagers soon. (Image: FanDuel website)

DraftKings and FanDuel to Offer Illinois Sports Betting Soon

DraftKings and FanDuel may be able to offer bets in Illinois as early as this weekend when Major League Baseball returns to play, with William Hill waiting in the wings. 5 Online Sportsbook Operators in Illinois with William Hill Coming Soon Sleuths discovered that DraftKings and FanDuel, the two biggest […]

DFS Players Can Win Free Money in Hot Dog Eating Contest

This Fourth of July, you can root along and, maybe win some cash, by participating in DraftKings’s freeplay competition while watching rapid frankfurter ingesters in Nathan’s Famous Hot Dog Eating Contest on ESPN. The infamous contest isn’t going belly up due to the COVID-19 pandemic. Instead, it’s taking place at […]

The NFL has announced DraftKings as its first official daily fantasy partner. (Image:  David L. Ryan/Boston Globe/Getty)

Should You Gamble on DraftKings Stock? Experts Weigh In

DraftKings quickly became a stock market darling after its initial public offering in April, with shares more than doubling in less than two months. But after the fervor dies off, will the company – known for DFS, sports betting, and it’s growing online casino division – continue to be a […]

DraftKings is facing a civil complaint over its handling of its Sports Betting National Championship contest last weekend. (Image: NJGamblingSites.com)

DraftKings Stock Soars as Online Gaming Booms

Despite the lack of live sports on which to offer daily fantasy games or live betting, DraftKings has seen its stock nearly double in the past month due to both the boom in online gaming and the company’s future potential. Investors See Big Potential As of midday Wednesday, the company’s […]

DraftKings has reached a deal with New Hampshire that will see it offering sports betting in the state as early as January. (Image: Ed Barkowitz/Philadelphia Inquirer)

DraftKings Reports Major Revenue Increase Despite Lack of Live Sports

After going public last month, DraftKings saw its stock rise sharply today, despite posting a net loss of more than $68 million in the first quarter. DraftKings reported $88.5 million in revenue for the quarter, a 30% increase from last year. Analysts believe the company is poised for rapid growth […]

DraftKings has launched an invite-only preview version of its New Jersey mobile sportsbook, with online betting expected to become available throughout the state in the days to come. (Image: AP)

DraftKings’ Online Casino Goes Live in Pennsylvania on Friday

DraftKings will launch an online casino in Pennsylvania on Friday after completing a soft launch held on Wednesday and Thursday. DraftKings Continues Gambling Expansion Efforts The company, known more for DFS and sports betting, has expanded into the online casino market, having launched an online casino in New Jersey in […]

Investors can buy shares of DFS operator DraftKings as of Friday after the company went public on the Nasdaq exchange. (Image: Boston Globe)

DraftKings Goes Public Today on Nasdaq

Players can now invest in DFS stock instead of just picking DFS rosters. DraftKings Becomes DKNG DraftKings went public on Wall Street today after announcing Thursday afternoon that its shares will trade on the Nasdaq exchange under the ticker symbol DKNG. CNN noted that the company decided to forgo the […]

Judge Rules MLB not Liable for DFS Losses in Wake of Sign-Stealing Scandal

A class-action lawsuit filed on behalf of DraftKings players against Major League Baseball and the Houston Astros struck out when a federal judge ruled against the plaintiffs on Friday. Judge: Teams Broke Rules, but DFS Players Don’t Get Compensation Judge Jed Rakoff of the Southern District of New York issued […]

DraftKings has launched an invite-only preview version of its New Jersey mobile sportsbook, with online betting expected to become available throughout the state in the days to come. (Image: AP)

DraftKings Implores Fans to Rally for Their Communities During Pandemic

DraftKings has launched a new charity initiative, #DKRally, which asks sports fans to rally for their communities on social media as the coronavirus pandemic grows across the globe. #DKRally Hopes to Raise $1 Million Through “#DKRally,” the DFS operator hopes to raise $1 million for United Way, the nonprofit that […]

FantasyDraft ran out of sports to offer and has temporarily ceased offering DFS contests. (Image: FantasyDraft)

FantasyDraft Temporarily Ceases DFS Operations

FantasyDraft has temporarily stopped offering DFS contests as a result of the mass sports cancellations in the wake of the coronavirus pandemic. FantasyDraft ‘Unable to Offer Contests’ In an email sent to users, FantasyDraft CEO Stephen Krombolz wrote that the suspension of all US professional sports leagues has left the […]

The NFL has announced DraftKings as its first official daily fantasy partner. (Image:  David L. Ryan/Boston Globe/Getty)

DFS Operators Soldier On With Few Contests to Run

DFS operators are continuing to run contests, even as the pool of available sports is shrinking due to leagues canceling games because of coronavirus-related concerns. Limited DFS Slates Available In a statement emailed to users and attributed to company president Matt Kalish, DraftKings said that it would “continue to offer […]

DFS Player Sues MLB Over Sign-Stealing Scandal

A Massachusetts man recently filed a class-action lawsuit against Major League Baseball, the Houston Astros, the Boston Red Sox, and MLB Advanced Media alleging that daily fantasy players were hurt financially by the recently unveiled sign-stealing scandal. First reported by the Milford Daily News, the lawsuit by Beverly, Massachusetts, resident […]

Jade Roper Tolbert won $1 million on DraftKings this weekend, but some believe she colluded with her husband Tanner to gain an unfair advantage. (Image: Jamie McCarthy/Getty)

Bachelor Contestant Accused of Collusion after Winning $1M on DraftKings

Jade Roper Tolbert, a former contestant on “The Bachelor,” won the DraftKings $2.25 million Fantasy Football Millionaire contest this weekend, earning a $1 million prize. But the win caused controversy in the daily fantasy sports community, with many accusing Tolbert of colluding with her husband in order to win the […]

Kambi's share price plunged on news that DraftKings planned to acquire its rival SBTech.

Kambi Stock Plunges 30% on DraftKings Acquisition News

Shares of Kambi Group PLC lost 30 percent on Monday’s news that DraftKings planned to acquire SBTech. Investors fear the acquisition could threaten the current multi-state partnership between Kambi and DraftKings. Kambi Group’s stock is often volatile. For example, its share price rose steadily after the Supreme Court struck down […]