Tag: DraftKings

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 […]

Los Angeles Angels outfielder Mike Trout is trying for his third All Star MVP award. (Image: AP)

Want to Win at DFS Baseball? Focus on These Three Stats

Outs and hits are not created equally in DFS – far from it, in fact, with some stats being worth so much more than others. As you hone in on which players to select for your baseball lineups, let’s look at some stats that are particularly valuable in scoring. Strikeouts […]