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Category Archives: Media

FORTUNE: DRAFTKINGS RAISES GIANT NEW FUNDING ROUND – 9/1/2016

By Dan Primack

Fantasy sports site gets capital boost, just before the new NFL season kicks off.

DraftKings, the controversial daily fantasy sports site, has raised $153 million in new venture capital funding, Fortunehas learned.

New investors include Revolution Growth, an investment firm co-founded by Washington Capitals and Washington Wizards owner Ted Leonsis. DraftKings previously had raised money from investment firms associated with New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones, while Major League Baseball also holds a small equity stake.”

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BOSTON GLOBE: DRAFTKINGS FINDS FOOTING IN HEAVILY REGULATED FANTASY SPORTS MARKET – 8/17/16

By Curt Woodward, Globe Staff

“Last fall, flush with $500 million in venture capital, DraftKings Inc. burst onto the national scene with an inescapable ad campaign tied to the National Football League’s kickoff.

What a difference a year makes. Chastened by battles with officials in multiple states that threatened to tank the daily fantasy sports industry, DraftKings has spent months developing new procedures and controls that will help the company comply with a long list of new government regulations.”

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