DraftKings (DKNG) Sector
Consumer Discretionary

(Current) $38.96
-0.14 (-0.36%) Open Price: 38.24

 

DraftKings is an American online sports betting and daily fantasy sports (DFS) operator that was founded in 2012. The company is headquartered in Boston, Massachusetts, and provides users with the ability to enter daily and weekly fantasy sports-related contests, with prize pools based on the number of entrants and entry fees. In addition to DFS, the company has also entered the sports betting market following the 2018 U.S. Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA), which effectively legalized sports betting across the United States.

 

The company was founded by Jason Robins, Matt Kalish, and Paul Liberman, and initially focused on daily fantasy sports. In 2018, DraftKings began offering sports betting services, starting with New Jersey and expanding to other states as legislation allowed. Today, DraftKings is one of the largest online sports betting operators in the United States, with a presence in more than a dozen states.

 

DraftKings allows users to place bets on a wide range of sports, including football, basketball, baseball, soccer, hockey, and golf, among others. The company also offers a variety of betting options, including moneyline bets, point spreads, parlays, and more. In addition, DraftKings has partnerships with a number of major sports leagues, including the National Football League (NFL), National Basketball Association (NBA), and Major League Baseball (MLB), among others.

 

As of 2021, DraftKings has continued to grow its presence in the sports betting market, expanding into new states and adding new partnerships. The company has also sought to diversify its offerings, with the introduction of products such as online casino games, live dealer games, and more. In addition, DraftKings has expanded its international presence, with operations in countries such as Canada and the United Kingdom

 



 

(06/11/24) $38.24
(06/12/24) $39.10
(06/12/24) (Qty.)3,588,623
(06/11/24) $37.37
(06/11/24) $38.48
(05/26/24) $34.40
(06/09/24) $39.56
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