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DraftKings went public through a SPAC process in April 2020, becoming the first major sports betting operator to offer shares on a US-facing index. The offering included DraftKings and SBTech combining their businesses after DK agreed to purchase the tech provider in December 2019. With DraftKings' 'Big Game No Brainer,' a new user will be able to turn $50 into $100 if either Tampa Bay or Kansas City scores a single touchdown in Sunday's game. 'Sports betting.
BOSTON, Jan. 24, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the launch of DraftKings Sportsbook in Virginia, marking the 12th state in which the top rated mobile and online sportsbook is available. Customers in Virginia will now be able to place bets on a number of markets across professional and collegiate sports using the DraftKings made-in-America digital sportsbook app.
'Just in time for Super Bowl LV, we are thrilled to bring the DraftKings sports betting experience to Virginia with an abundance of betting options for fans,' said Jason Robins, co-founder and CEO, DraftKings. Android slot casino jackpot mania. 'With our customer-first approach, we hope to be the sportsbook of choice for Virginians who enjoy having skin in the game.'
Ahead of Super Bowl LV, DraftKings is offering all customers a Double Your Money opportunity on any team to score a touchdown. Beyond Super Bowl LV, the cutting-edge mobile technology of DraftKings Sportsbook will provide sports bettors in the Commonwealth of Virginia the opportunity to bet on more than 250 unique leagues including popular professional sports: baseball, football, golf, hockey, boxing, soccer, tennis, motorsports and basketball. Collegiate sports are also available, with the exception of in-state college teams and college prop bets. DraftKings Sportsbook technology keeps consumer information safe and secure and provides built-in responsible gaming measures like time and deposit limits.
A consumer research study by DraftKings indicated that Virginia sports fans are most likely to bet on the NFL, followed by the NBA and college football. Fiesta casino las vegas. That same study found the Washington Football Team and the Dallas Cowboys are the two most favored NFL teams in Virginia, while the LA Lakers, Chicago Bulls, and Washington Wizards are the most popular NBA teams. Prior to Sunday's NFL Conference Championship games, DraftKings is offering all customers an additional Double Your Money opportunity by betting on any of the four teams playing to score a touchdown.
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DraftKings' sportsbook and daily fantasy products are available via iOS and Android here.
About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators in 17 countries. DraftKings' Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. Buran casino. DraftKings' daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.
FORWARD-LOOKING STATEMENTS
Certain statements made in this release are 'forward looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'estimates,' 'projected,' 'expects,' 'anticipates,' 'forecasts,' 'plans,' 'intends,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' 'future,' 'propose' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings' control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings' Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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DraftKings has expanded its DFS deal with the NFL north of the border in a move that could boost the operator's profile ahead of legal sports betting in Canada.
The NFL and DraftKings first partnered back in September 2019 with DraftKings named the exclusive DFS sponsor of the league.
As part of that agreement, DraftKings gained access to NFL branding and content opportunities across the DraftKings app and NFL Media.
That partnership was for the US only but has now been expanded to the Great White North.
Is DraftKings focused on DFS or betting?
'The relationship we share with the NFL is important for DraftKings to provide customers a great experience,' said Ezra Kucharz, chief business officer at DraftKings.
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'This expanded agreement gives us a unique opportunity in the Canadian market. We look forward to working with the team at the NFL Canada as we continue to shape the modern fan experience.'
A quote from the NFL also spoke about the growing popularity of DFS in Canada. But it's hard to look past Canada sports betting as the key driver for the new deal.
Momentum for Canada sports betting
The Canadian government is bidding to end the federal ban on single-game sports betting.And the province of Ontario plans to end its lottery-run monopoly on online gambling. That would allow private operators into the market.
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Ontario alone would be equal to the fifth-largest state in the US with 15 million citizens. Toronto-based TheScoreestimated a market potential in Ontario of $1.5 – $2.1 billion in annual gross gaming revenue.
The market could be live by the second half of 2021, TheScore said.
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Just as DraftKings built up an audience in the US via DFS, it can now gain a similar head-start in Canada sports betting. All told it's been a good news week for DK. The company's stock jumped more than 10% following an investment from one superstar stock picker.
