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Category Archives: Legislation

DraftKings Serves Up Tennis as New Daily Fantasy Offering

Marks 11th Sport for Expanding Global Sports Entertainment Platform

BOSTON, MA (June 29, 2018) – DraftKings Inc., a leading brand in sports technology and entertainment, continues to bolster its daily fantasy sports vertical with the introduction of fantasy tennis in time for Wimbledon.

“We have always prioritized offering the most compelling games across the widest array of sports,” said Mark Nerenberg, DraftKings’ Vice President of Game Operations and Development. “By expanding into tennis, we have an opportunity to provide a new and engaging experience for our current customer base while broadening our reach to attract tennis fans, globally. Over 25 million people in the U.S. alone tuned in to watch Wimbledon last year1, and we want to be a part of that.”

Tennis has a significant presence in the sports community, with an estimated global following of one billion2 that ranks the sport among the most popular worldwide. Between the growing international market DraftKings has established, and the strong performance of more niche sports on the platform, fantasy tennis is poised to become a favorite among fantasy players.

To play Daily Fantasy Tennis on DraftKings, customers must draft six players while staying under the $50,000 salary cap. All tennis matches are the best of three sets, except for men’s Grand Slam matches, which are the best of five sets. Since DraftKings is combining both men’s and women’s matches in the same contests, scoring will differ depending on the match length. Daily Fantasy Tennis will be available for fans in all the regions where DraftKings operates.*

For more information about Daily Fantasy Tennis on DraftKings, please visit: https://bit.ly/2tOblYV

About DraftKings

DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across 11 professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland, Austria and Australia. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

1Statista, “Number of people who watched Wimbledon on TV within the last 12 months in the United States from spring 2008 to spring 2017 (in millions),” https://bit.ly/2N4Zs9X, (Sept. 2017)

2World Atlas, “The Most Popular Sports In The World,” https://bit.ly/2NbIBCb, (Apr. 2018)

*Customers located in the state of New York can play in free-to-play contests only.

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DraftKings Launches Corporate Social Responsibility Initiative

Company’s Tech for Heroes Program Trains Veterans for High-Tech Jobs

Boston, MA (June 14, 2018) – DraftKings Inc. announced today the launch of the company’s inaugural corporate social responsibility initiative, Tech for Heroes, which will provide current and returning veterans with free, comprehensive, high-tech job skills training. DraftKings is launching its first training class this month in Boston and has plans to expand the program to additional cities this fall.

“After serving our country, veterans face unique challenges in navigating the civilian job market and finding meaningful and rewarding employment, especially in the tech sector,” said Jason Robins, co-founder and CEO of DraftKings. “DraftKings’ Tech for Heroes program will help veterans break into tech careers by ensuring they have the skills innovative companies require.”

The inaugural Tech for Heroes class will participate in a 10-week course in front-end web development. In addition to ensuring veterans are receiving top-level training, DraftKings’ employees will be working with the veterans to deepen their understanding of employment opportunities at high-tech companies and strengthen their interview skills and resumes. DraftKings’ employees will also serve as peer-to-peer mentors to further support Tech for Heroes graduates pursuing careers in tech.

DraftKings will be working with VetsinTech, a national nonprofit which provides current and returning veterans with re-integration services and access to employment opportunities.

“VetsinTech is thrilled to be working with DraftKings on its Tech for Heroes initiative,” said Katherine Webster, founder and CEO of VetsinTech. “The training provided by DraftKings will make a difference in the lives of many veterans and set them on the path to high paying tech careers.”

Additionally, DraftKings will allow its customers to support the Tech for Heroes initiatives through regular charitable fantasy sports contests with all entry fees going to helping veterans.

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About DraftKings

DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland, Austria and Australia. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

About VetsinTech

VetsinTech supports current and returning veterans with re-integration services, and by connecting them to the national technology ecosystem. VIT is committed to bringing together a tech-specific network, resources, and programs for our veterans interested in education, entrepreneurship, and employment.

Media Contacts:

DraftKings

media@draftkings.com

DraftKings Applies for Sports Betting License in New Jersey

Leading the Pack, DraftKings Prepares to Enter $150 Billion National Sports Betting Market

Boston, MA (June 11, 2018) – DraftKings Inc. announced today that the company has officially applied for a state license to offer sports betting in New Jersey. Its application for a Casino Service Industry Enterprise License has been “accepted for filing” by the New Jersey Division of Gaming Enforcement (DGE), marking a key step towards licensure and further demonstrating DraftKings’ leadership position in the sports betting market.

“The New Jersey DGE has been on the leading edge of creating a smart, consumer-focused sports betting framework in the Garden State,” said Tim Dent, Chief Compliance Officer and Chief Financial Officer at DraftKings. “We are working with New Jersey officials toward a public rollout of a DraftKings sports betting product.”

DraftKings recently announced it selected Resorts Casino Hotel as its New Jersey casino licensing partner, satisfying an expected regulatory requirement for the company to offer an online sports betting product in the state. With plans to leverage its state-of-the-art technology, prominent sports entertainment brand and more than 10 million registered customers, DraftKings is poised to become a major player in the estimated $150 billion sports betting market.

Beginning well before May’s Supreme Court decision, DraftKings has been steadily building a world-class internal sportsbook team. DraftKings also announced today that Karl Gambin has joined the company as Director of New Jersey Gaming Operations based out of its new office in Hoboken, NJ. Gambin will lead DraftKings’ compliance, customer and regulatory activities in the state. The company will continue to expand its local operation and is currently recruiting for a dozen additional positions based in the Hoboken office.

DraftKings Launches Daily Fantasy Sports Product In Australia

Becomes Eighth Country In DraftKings’ International Expansion  

BOSTON, Mass. (June 4, 2018) – DraftKings Inc., the world’s largest daily fantasy sports (DFS) platform, today announced that its DFS product is now live and available in Australia. Starting today, customers in Australia can test their sports knowledge and DFS skills against players locally and from North America and Europe.

“DraftKings’ DFS product takes sports fans’ game experience to another level, keeping them more engaged with their favourite athletes, teams and codes,” said DraftKings Chief International Officer, Jeffrey Haas. “Australia is home to some of the most passionate sports fans in the world and that’s a key reason why DraftKings decided to open there. We’re confident Australians will enjoy the exciting and innovative competition formats we have available across ten international sports, and their ability to compete against other people, both local and international.”

DraftKings’ Australian expansion is underpinned by its success in North America and Europe and marks the eighth country where DraftKings is available to consumers. The company expects that its soccer product in particular will be popular given Australia’s qualification for the FIFA World Cup 2018.

About Daily Fantasy Sports

Fantasy sports, both in the traditional season-long and daily or weekly format, are a contest of skill. DFS are similar to season-long fantasy sports with the key exception that the entire contest starts and ends in a much shorter time frame.

Contests range from a single day to one week depending on the sport, and users pick a team of players based on a salary cap and those players earn points based on their in-game performance.

Customers can choose to enter from a full suite of contests made for different skill-levels:

  1. Beginner only contests: Only “beginner and casual customers” can participate.
  2. Casual contests: Available to any user who doesn’t have a Highly Experienced Player (HEP) badge; this is typically acquired when a user plays in 500 contests.
  3. Leagues: The first-of-its-kind private, customized contest for individuals to play with friends and family.

For more information on DraftKings, please visit: www.draftkings.com.au

 About DraftKings

DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. Headquartered in Boston, MA, DraftKings offers daily and weekly fantasy sports contests across 10 professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland, Austria and operates in Australia under a licence issued to the Australian subsidiary, DraftKings Australia Pty Limited by the Northern Territory Racing Commission. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

DraftKings Moves to Offer Sports Betting After U.S. Supreme Court Overturns Outdated Ban

Daily Fantasy Sports Giant Poised to Become Major Player in New Market

BOSTON, Mass., May 14, 2018 DraftKings, Inc. announced that the company will enter the sports betting market following the United States Supreme Court’s decision today overturning the outdated Professional and Amateur Sports Protection Act.

“Our mission has always been to bring fans closer to the sports they love and now, thanks to the wisdom of the Supreme Court, DraftKings will be able to harness our proven technology to provide our customers with innovative online sports betting products,” said Jason Robins, CEO and co-founder of DraftKings. “This ruling gives us the ability to further diversify our product offerings and build on our unique capacity to drive fan engagement.”

DraftKings is well-positioned to capitalize on sports betting, given that it already runs the world’s largest daily fantasy sports mobile platform that includes stringent consumer protections and transparency for nearly 10 million customers. Even with today’s announcement, DraftKings remains fully committed to its popular daily fantasy sports business, which will continue to be a major focus for the company.

Nearly two-thirds of Americans support legalized sport betting and today’s move lifting this antiquated prohibition also opens the door for greater consumer protections and transparency through online wagering. The addition of online and mobile sports betting holds the potential to generate billions of dollars annually for cash-strapped state governments.

“Today’s Supreme Court ruling is welcome news to the millions of Americans who currently wager $150 billion illegally each year through off-shore, black market bookies,” said Robins. “States are now free to allow their residents to place mobile sports bets with licensed, trusted companies based in the U.S. and that pay taxes here.”

In anticipation of a favorable ruling by the Court, DraftKings has been preparing since 2017 to launch a sports betting platform for mobile, providing another advantage for the company. DraftKings is working with state regulatory officials to apply for operating licenses in those states that have already passed legislation authorizing sports betting.

About DraftKings
DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across 10 professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland and Austria. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

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Media Contacts:

media@draftkings.com

DraftKings Hires Sean Hurley as Head of Sportsbook

Experienced iGaming Executive to Oversee Sports Betting Operation

Boston, MA (February 26, 2018) – DraftKings, Inc. today announced Sean Hurley has been hired as the new Head of Sportsbook to help build, launch and drive the sports betting vertical at DraftKings. In this newly created role, Hurley will report to Chief Revenue Officer and co-founder, Matt Kalish.

“Sean brings a wealth of gaming experience to DraftKings and furthers our ability to be a leader in the sports betting market,” said Kalish.

Hurley will be based in DraftKings’ newly opened office in Hoboken, New Jersey. He will focus on preparing Sportsbook as a potential new line of business for DraftKings in anticipation of the pending Supreme Court decision in Christie v. National Collegiate Athletic Association.

Prior to joining DraftKings, Hurley gained extensive knowledge of the iGaming space with senior roles in both B2B and B2C companies. Most recently, Hurley led sales and commercial for Amelco, a sportsbook and trading platform supplier based in London.

About DraftKings

DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland and Austria. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

Media Contacts:

Media@draftkings.com

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DRAFTKINGS ANNOUNCES DK FANTASY FOOTBALL AWARDS FOR ‘17/’18 SEASON

Todd Gurley, Star Running Back of The Los Angeles Rams, Wins Most Valuable Player

BOSTON, Mass., January 22, 2018 With both the Pro Bowl and Super Bowl fast approaching, DraftKings is unveiling the winners of its 2017 regular season DK Fantasy Football Awards. Spanning several categories, the awards are given to players who had the most impact on fantasy teams throughout the regular season, and were responsible for some of the highest-scoring games and plays of the year.

The full list of this season’s DK Fantasy Football Awards winners includes:

  • MVP: Awarded to the player who scored the most Fantasy Points in 2017, and was a proven stud across fantasy lineups:

Winner: Todd Gurley II (406.30 Fantasy Points)

  • Best Single-Game Performance: Awarded to the player who totaled the highest Fantasy Points output in a single game during the 2017 season:

Winner: Todd Gurley II (55.60 Fantasy Points in WK16)

  • Rookie of the Year: Awarded to the player who led all rookies in Fantasy Points throughout the 2017 season:

Winner: Alvin Kamara (328.40 Fantasy Points)

  • Most Improved: Awarded to the player who had the highest point differential from the 2016 to 2017 regular season:

Winner: Todd Gurley II (406.30 Fantasy Points – 2017 | 199.20 Fantasy Points – 2016)

  • Best Fantasy Duo: Awarded to two players from the same team who combined for the most Fantasy Points:

Winners: Le’Veon Bell & Antonio Brown (692.9 Fantasy Points)

  • Consistency: Awarded to the player who was the most consistent fantasy performer throughout the 2017 season:

Winner: Todd Gurley II (Most games of 16+ Fantasy Points)

  • Biggest Fantasy Play: Awarded to the player who scored the most Fantasy Points in one play during the 2017 season:

Winner: JuJu Smith-Schuster (19.70 Fantasy Points on 97-YD TD REC, WK8 vs. DET)

  • Best Defense: Awarded to the team that scored the most Fantasy Points on defense for the season:

Winner: Jacksonville Jaguars (207 Fantasy Points)

To find the latest news about the DK Fantasy Football Awards, follow along on Twitter, Instagram, Facebook, and Snapchat. For players who wish the fantasy football season lasted longer, DraftKings’ new Showdown mode now extends the competition through the NFL playoffs, including the Super Bowl. Visit https://www.draftkings.com/showdown to learn more about Showdown, and reserve an entry for DraftKings’ “Big Game” at https://www.draftkings.com/draft/contest/52823319

About DraftKings

DraftKings is an innovative sports-tech entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland and Austria. Founded in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

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Media Contacts:

Aliza Solc                                                                              Dave Finn

DraftKings                                                                           Taylor Strategy

asolc@draftkings.com                                                    dfinn@taylorstrategy.com

727.741.9098                                                                      212.714.5792

DraftKings Announces Plan to Significantly Increase Hiring, Boosting Size by 75%

Company Moving to New Boston Headquarters to Accommodate Growth 

 BOSTON, Mass., January 11, 2018 DraftKings, Inc. today announced that it has begun an aggressive hiring campaign expected to increase the size of the company by 75% in the next 18 months. DraftKings plans to grow from its current 425 employees to more than 700 by the middle of 2019, with at least 600 of those positions based in Boston. As part of this, DraftKings also unveiled plans for a new Boston headquarters designed to accommodate this workforce growth.

“We are entering an exciting phase of accelerated growth at DraftKings as we continue to develop new products and diversify our offerings. To meet these needs and remain at the forefront of innovation, DraftKings is focused on hiring top talent,” said Jason Robins, co-founder and CEO of DraftKings. “We are also honing in on our commitment to Boston by opening a new headquarters in the city. We’re especially thankful to Governor Baker, Mayor Walsh and the state’s legislative leadership for their continued support of our company and Boston’s thriving tech economy.”

The new state-of-the-art DraftKings headquarters will be located at 500 Boylston Street in the Back Bay neighborhood of Boston. The 105,000 square foot location – the largest single-floor space available in Boston – is more than double the size of DraftKings’ current office.

The sports-tech and entertainment platform will customize and invest significantly in the new location, with immediate plans to expand DraftKings’ in-house media production studio and create unique employee “neighborhoods” designed to foster cross-department collaboration. The relocation is scheduled to be completed in the first half of 2019.

About DraftKings
DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland and Austria. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

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Media Contacts:
James Chisholm
Director, Global Public Affairs

DraftKings Brings Daily Fantasy Sports to Ireland and Austria

Continuing its global market expansion, DraftKings launches its platform in new European markets

Boston, MA (October 9, 2017) – DraftKings, the world’s largest daily fantasy sports platform, today announced the continuing expansion of its operations in Europe, with the launch of its games in Ireland and Austria.

Both Ireland and Austria have strong sports’ cultures and dedicated followers of professional teams and leagues. Austrian sports fans in particular have a strong affinity for American football. Each year, the largest NFL Super Bowl party in the EU takes place in Vienna. Ireland has an engaged professional sports fan market, as well as a long history of season-long fantasy football, with golf and soccer on the rise in recent years. Additionally, MMA is an extremely popular sport in Ireland, particularly given the success of homegrown hero Conor McGregor

“Sports fans in Europe are embracing the game inside the game through DraftKings’ contests and content,” said Jason Robins, DraftKings CEO. “As we looked to expand our European footprint, it was an easy choice to launch in Ireland and Austria, given their renowned passion for sports.”

DraftKings’ European expansion is underpinned by its success in the UK and Germany. In the UK, September 2017 saw 51% year-over-year growth in entry fees and 31% year-over-year growth in new customers. In Germany, September saw 46% growth in registered customers, the largest monthly growth to-date. DraftKings intends to continue expanding its geographic footprint, both in Europe and elsewhere, in 2018.

DraftKings will deliver all 10 of the sports currently available in the U.S.  to Ireland and Austria, including seven soccer leagues, NFL, MLB, NBA, CFL, NHL, Golf, NASCAR, eSports and Mixed Martial Arts.

The launch of the platform will kick off with DraftKings’ Liverpool Match Tickets promotion on October 9. Winner of the contest will be awarded tickets to the upcoming Liverpool FC vs. Manchester United FC match on October 14, 2017.

STATEMENT ON DELAWARE’S ENACTMENT OF DFS LEGISLATION

 

DraftKings’ statement re: DE bill signing, attributable to Tim Parilla, DraftKings’ General Counsel:

“DraftKings is looking forward to returning to Delaware, the fourteenth state to pass fantasy sports legislation. We are extremely grateful to Governor Carney and the members of the legislature for their support, especially Representative Charles Potter and Senator David Sokola, who provided tireless leadership in bringing fantasy sports back to the First State. Today’s bill signing continues the progress DraftKings and our industry partners are making towards our ultimate goal of passing common sense fantasy sports legislation in all 50 states. Fantasy sports fans in Delaware will be able to play on DraftKings in late August, just in time to experience what we think will be the most exciting NFL season in DraftKings’ history.”