Tag: DraftKings

Disney Goes All-In With Caesars, DraftKings, and SEC Deal in Effort to Save ESPN

Disney Goes All-In With Caesars, DraftKings, and SEC Deal in Effort to Save ESPN

Last week, Disney officials announced several initiatives that will pivot the media behemoth toward a future focused on online sports gambling. At its Investor Day last Thursday, Disney executives highlighted ESPN’s multi-year partnership with Caesars Entertainment signed in September. The deal includes link integrations from ESPN’s digital platforms to William […]

Crowded Field Yields Significant Sports Betting Uptick in the Rockies

Crowded Field Yields Significant Sports Betting Uptick in the Rockies

Like New Jersey, Illinois, and Indiana, Colorado has reported record increases in online gambling this fall as a bevy of sportsbook operators custom-tweak apps and websites to gain credibility among bettors. Online Wagering in Colorado Takes Hold in the Fall Sports betting went live in Colorado on May 1, after […]

DraftKings has launched the first retail sportsbook in New Hampshire at The Brook in Seabrook. (Image: DraftKings)

DraftKings Stock Soars Again After Analysts Set $100 Price Target

DraftKings stock continued to climb back toward its peak on Thursday, rising to nearly $50 a share after analysts said a likely boom in sports betting will greatly increase the profitability of the Boston-based company. The stock rose to nearly $65 a share in early October, but dropped to about […]

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

Buoyed by a trio of new states approving gambling on Election Day and continued progress with professional sports partnerships, DraftKings reported some big third quarter wins on Friday. As a result, shares of DraftKings stock jumped more than 10% to end the week after the company released blockbuster quarter-end totals, […]

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 […]