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 … Read more
DraftKings has officially launched a sportsbook app and retail location in Illinois and the app will require in-person registration. The app and location will be DraftKings at Casino Queen and customers can take part in the sportsbooks many various bet types and mobile sports betting. … Read more
DraftKings appears primed for continued growth despite the disruptions caused by the ongoing Coronavirus pandemic. In 2020 and 2021, the company is focusing on expanding its live betting options and its consumers’ awareness of live betting. The company has also begun exploring an acquisition of … Read more
DraftKings is now on the Nasdaq Stock Exchange under the abbreviation DKNGW. The company became the first of its kind to reach the market floor on Friday. BOSTON – DraftKings has made it to the floor of the Wall Street Stock Exchange after officially merging … Read more
The directors and managers of Draftkings, SBTech, and Diamond Eagle Aquisition Corp. have approved the combining of their businesses. The completion of the combination is expected to close by the first half of 2020. The corporations are going to offer mobile sports betting across the … Read more
The partnership between the NFL and DraftKings does not include any features aimed towards DraftKings Sportsbook. Daily fantasy sports are expected to decline in future market growth. The NFL now has partnerships with DraftKings, Caesars, and Sportradar, but no sports betting specific operators. BOSTON – … Read more
There have been a total of 19 Massachusetts sports betting bills introduced this year. Massachusetts is surrounded by states that have either launched legal sports betting or have signed sports wagering bills into law. Massachusetts Governor Charlie Baker introduced a sports betting bill himself in … Read more
DraftKings and Kambi first announced their partnership in 2018 which only covered New Jersey. With New Jersey sports betting being an instant success, the companies decided to include eight more states for a total of nine. Online sports betting is expected to reach two-thirds of … Read more
DraftKings has operational sportsbooks in three states but is ready for expansion. Through a deal with Penn National Gaming, DraftKings will launch mobile betting in many states. CEO of DraftKings, Jason Robins, predicts two-thirds of the country will have mobile betting in seven years. BOSTON … Read more
Sports betting in Illinois was passed by the state legislature as an amendment to the bill IL SB 690. Sports gambling will be legal through both retail sportsbooks and statewide mobile wagering apps. Illinois is the fifth state to officially legalize sports betting this year. … Read more