DraftKings CEO Jason Robins seems to be embracing an, "If you can't beat 'em, join 'em," approach to the existential threat posed to regulated sportsbooks by predictions markets. During a recent Q2 earnings call, the CEO of one of America's largest regulated sports betting operators suggested that DraftKings is very much open to the idea…
Are American sports bettors willing to pay $20 a month for boosted parlay odds? That's exactly what DraftKings is thinking with its new DraftKings+ subscription service, which will offer parlay-obsessed players unlimited odds boost tokens for those risky parlays with more legs than most insects. Though DraftKings hasn't been pushing DraftKings+ to the public-at-large, its…
DraftKings and White Gaming were hit with a $22,500 fine by Connecticut gaming regulators over an online slot machine game that was literally unwinnable. Regulators charged DraftKings $19,000 and White Gaming $3500 after regulators played more than 20,000 spins on a Deal or No Deal Banker’s Bonanza game without a single win. The Deal or…
DraftKings is upping its artificial intelligence and micro-betting capabilities with the acquisition of its one-time rival Simplebet. With this acquisition, DraftKings will be in position to seriously increase the volume and quality of in-play markets it offers players right as the critical US football season gears up for serious play. Simplebet has made a name…
DraftKings is calling off its controversial plan to add a surcharge to winning bets in select states with high taxes on sports betting operators. It was a plan that likely looked good on paper but was a total flop with players. More importantly, to DraftKings, other sports betting operators failed to follow DraftKings' lead when…
DraftKings CEO Jason Robins is fighting back against high tax rates on sports betting operators with the announcement of a new surcharge on winning wagers starting January 1, 2025. The new surcharge will only apply in states where the current tax rate is 20 percent or higher. Robins framed the new surcharge as a necessity…
After three years of ups and downs, DraftKings is officially out of the NFT business. The sports betting operator shuttered it Reignmakers and its NFT Marketplace this week after a judge in a Massachusetts District Court judge allowed a lawsuit alleging that the compamy's NFT Marketplace was peddling unregistered securities to move forward. Plaintiff Justin…
The New Jersey Department of Gaming Enforcement (DGE) is hitting DraftKings with a $100,000 fine for improperly reporting the amount of money wagered on parlay bets. DraftKings' reporting errors occurred over a period of several months across 2023-2024 and were tied directly to the company's casino partner, Resorts International. Licensed online betting operators are responsible…
Are America's sports betting aficionados ready to take a long, hard look in the mirror and ask themselves, "Am I doing the right thing?". With the launch of My Stat Sheet, a suite of tools that allows players to easily determine their lifetime win/loss ratio and other personal stats, that's exactly what DraftKings is betting…
FanDuel is signing on as the official betting partner of the Carolina Panthers football team. The move comes just days ahead of the official launch of regulated sports betting in North Carolina. It's a move that helps widen FanDuel's footprint into a regional market that's certain to see plenty of sports betting action. Under the…
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