When it comes to gambling, over a long enough time frame, the house always wins. And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Friday (May 3) reported that its revenue had grown 53% year-over-year in the first...
Online sports betting and iGaming in the United States will be a $30 billion total addressable market (TAM) in 2028, up from $20 billion this year, according to DraftKings. That projection includes only the existing states, as the legalization of sports betting in additional states would...
It’s football season, and that is good news for sports betting company DraftKings. The gaming platform’s third quarter 2023 earnings results saw a 57% increase in year over year revenue, rising to $790 million. “Our fantastic third-quarter results demonstrate the positive impact of our product...
The Federal Trade Commission (FTC), in a regulation move, announced that it will ask for a preliminary injunction to stop the merger of DraftKings and FanDuel because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests. According to news...
June 20, 2017
The Federal Trade Commission (FTC), in a regulation move, announced that it will ask for a preliminary injunction to stop the merger of DraftKings and FanDuel because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests. According to news from Fortune Magazine, the FTC, along with the attorneys general of […]
