26 Facts About DraftKings

DraftKings is an American daily fantasy sports contest and sports betting company.

DraftKings allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports, Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts, Tennis, All Elite Wrestling, and WWE.

DraftKings launched DraftKings Sportsbook in New Jersey in August 2018 and became the first legal mobile sports betting operator in the state.

DraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company, and special-purpose acquisition company Diamond Eagle Acquisition Corp in April 2020.

DraftKings was established in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, former Vistaprint employees.

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DraftKings's first product was a one-on-one baseball competition, launched to coincide with Major League Baseball's opening day in 2012.

DraftKings announced it would keep the DraftStreet NY office open and retain some employees.

DraftKings announced that it was acquiring the assets of Somerville, MA, competitor StarStreet.

In November 2014, DraftKings reached a two-year deal to become the official daily fantasy sports service of the National Hockey League.

The agreement allowed DraftKings to offer co-branded MLB daily fantasy games and extend its relationships with individual MLB clubs to offer in-stadium fantasy-related experiences.

DraftKings hired Jeffrey Haas, a veteran of the online poker industry, to serve as Chief International Officer to lead the company's international expansion.

The following year, DraftKings was awarded a controlled skill games license in Malta, which would allow the service to expand into any European Union country that allows gambling services to operate under licensing from another EU country, such as Germany.

In December 2021, DraftKings was sued by Colossus Bets over patent infringement.

Colossus claimed DraftKings infringed seven patents covering sports betting and gaming products with a cash-out feature.

In May 2022, it was announced that DraftKings had acquired the online casino and sports betting operator, Golden Nugget Online Gaming.

Since launching in New Jersey, DraftKings has opened sports betting operations in New York, West Virginia, Indiana, Iowa, New Hampshire, and Mississippi.

DraftKings has since launched mobile operations in West Virginia, Indiana, Iowa, Illinois, New York, and Pennsylvania.

DraftKings offers retail sports betting in partnership with casinos throughout the country.

DraftKings' Marketplace sells NFTs of sports icons during scheduled releases as well as on the secondary market.

DraftKings offers a variety of fantasy sports contests for players at a range of different skill levels.

DraftKings offers weekly or daily fantasy sports contests for 13 sports, including: NFL, MLB, NBA, NHL, Golf, Men and Women's Soccer, Tennis, CFL, NASCAR, MMA, eSports and, XFL.

DraftKings had an exclusive $250M advertising contract with the American sports network ESPN, and a $250M non-exclusive advertising deal with 21st Century Fox's Fox Sports unit.

In November 2017, DraftKings announced that it had acquired digital rights to EuroLeague basketball games in Canada and the United States.

DraftKings planned to, beginning in 2018, stream games to those who participate in associated DFS contests with an entry fee of $3 or more, and offer one free streaming game per-week.

DraftKings envisioned that major sports leagues could reach similar partnerships in the future.

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In September 2019, the National Football League announced an official partnership with DraftKings, becoming the first daily fantasy sports platform to enter a formal relationship with the league.