by Christina Monroe | Nov 16, 2020 11:43 am | Revenue
DraftKings has increased its year-on-year revenue growth by almost 100% for its third quarter their reports show. The sports betting company attributes this tremendous increase to many different factors, one of which being that they are now live in ten states with a...
by Adia Randall | Sep 14, 2020 5:02 pm | Sports Betting
ESPN has partnered with DraftKings and Caesars Entertainment to continue its growth in the US sports betting market. These multi-year and co-exclusive agreements will add links to DraftKings products and services along with links to the William Hill sports betting...
by Christina Monroe | Sep 2, 2020 10:49 am | Sports Betting
DraftKings is now doing business with NBA Hall of Fame member Michael Jordan as he officially joined the company’s Board of Directors as a special advisor. Since news broke late Tuesday, the stock price of the sports betting conglomerate has seen a surge which has...
by Adia Randall | Aug 17, 2020 10:56 am | Revenue
DraftKings Q2 results were released on Friday and the company has received $71 million in revenue but also lost $0.55 per share this quarter. The company was able to deal with the effects of COVID-19 on sports and still be debt-free on the balance sheets. DraftKings...
by Christina Monroe | Aug 14, 2020 11:49 am | Regulatory
The IRS is looking to place an excise tax of 0.25% on the Daily Fantasy Sports (DFS) industry which could equate to millions of dollars paid to them each year in taxes. DFS has never been considered a form of gambling which is where an excise tax is enforced but the...
