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DraftKings Acquires Jackpot in $750M Deal

DraftKings is expanding its portfolio of services in a pretty significant manner with its recent acquisitions of the lottery app, Jackpot. The blockbuster purchase cost the sportsbook and daily fantasy sports operator $750 million, while putting it in the driver's seat of the US online lottery market. Jackpot is a downloadable app that allows players…

DraftKings Sued Over Massachusetts Bonus Offers

A pair of Massachusetts players are suing DraftKings over what they allege are unfair and deceptive advertising practices. Shane Harris and Melissa Scanlon, the plaintiffs in the case, say that DraftKings' offer of a $1,000 deposit bonus is deceptive due to play-through requirements and other conditions that mean a player must effectively gamble $25,000 to…

DraftKings CEO Teases Progressive Parlay Launch

DraftKings CEO Jason Robbins is looking to disrupt US sports betting markets in a big way with the upcoming launch of a progressive parlay product. Speaking at the Annual Craig Hallum Online Gaming Conference 2023 Robbins said the groundbreaking product is "just weeks away" from its launch. As described, the progressive parlay allows players to…

DraftKings Hit By Hackers

Officials at DraftKings have confirmed that a number of player accounts were recently accessed by hackers who withdrew more than $300,000 from the compromised accounts. Though company officials are warning all DraftKings account holders to strengthen their passwords, they also say that the incident was limited in scope and did not involve a breach of…

DraftKings Rumored Deal with ESPN Sends Stocks Soaring

DraftKings' stock prices soared 14 percent in overnight trading after unconfirmed rumors of a new partnership with ESPN hit the internet. The overnight price leap came after Bloomberg published a report saying that the two companies had entered into the arrangement based on "reports from people familiar with the matter." From there everything else is…

DraftKings ‘Pink ‘Em’ Initiative Raising Cash for Breast Cancer Research

October is Breast Cancer Awareness Month and DraftKings is getting on the action by re-launching its "Pink 'Em" charity initiative in association with the Larry Fitzgerald Foundation. The aim of the initiative is to raise $100,000 for breast cancer research and awareness initiatives. Pink 'Em is, as the name implies, connected to a group of…

Amazon Partnering with DraftKings on TNF Odds

The rise of regulated sports betting in the United States is producing corporate partnerships that wouldn't have been on anyone's radar on the day the Supreme Court overturned PAPSA and opened the floodgates for legal sports betting. The latest example of this phenomenon is the pairing of Amazon, DraftKings, and Thursday Night Football. Amazon recently…