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Category Archives: Press Release

DraftKings Moves to Offer Sports Betting After U.S. Supreme Court Overturns Outdated Ban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company will enter the sports betting market following the United States Supreme Court’s decision today overturning the outdated Professional and Amateur Sports Protection Act.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 Expands Into Australia

Marks the Fifth International Expansion In Less Than Two Years

 

Boston, MA (April 17, 2018) – DraftKings, the world’s leading daily fantasy sports (DFS) platform, today announced the company will begin offering DFS contests to Australian consumers in Q2.

 

“Within the last few years, Australia’s burgeoning fantasy sports market has dramatically evolved, adding a variety of daily fantasy sports platforms, feeding the appetite of the many passionate sports fans who love getting closer to the teams, athletes and sports they love,’” said DraftKings Chief Executive Officer, Jason Robins. “Australia is an important market for DraftKings, as it combines devoted sports fans with sophisticated, tech-savvy consumers – exactly the kind of people who love competing on DraftKings.”

 

DraftKings has been granted a government license by the Northern Territory Racing Commission under which it is permitted to offer daily fantasy sports in Australia.[1] According to an article[2] on fantasy sports by King & Wood Mallesons, there are approximately 1.65 million traditional fantasy sports players in Australia.

 

Australia is the first country outside of North America and Europe where DraftKings will operate and will mark the eighth country where DraftKings is available to consumers. In the U.S. alone, DraftKings has worked with lawmakers and regulators in nineteen states to enact smart regulations and create a transparent environment for its players. The company has been considered a global leader in consumer protections for fantasy sports, ensuring its customers are playing within a fun, safe and fair community.

 

The Daily Fantasy Sports Experience

Daily fantasy sports enhance the overall sports media market, adding value to nearly all aspects of the sports experience. In a survey of DraftKings customers, almost half of our customers have started following another sport since engaging on DraftKings and nearly 80% of players have increased their sports content consumption. Fantasy sports enthusiasts engage with more content than non-enthusiasts:

  • Two-thirds of our customers say that they engage with DFS because it makes watching sports more enjoyable.
  • 60% of DFS customers report watching games involving teams they don’t usually follow because they are following their fantasy players.
  • 60% of DFS customers watch more live sports and read more articles about sports since they started participating in DraftKings contests.
  • 41% of DraftKings contestants report watching more sports specific TV programs.

 

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

To watch a video on how-to engage with DraftKings, visit: https://www.draftkings.com/how-to-play

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. Founded in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the daily fantasy sports partner of Major League Baseball, The National Hockey League, NASCAR, Canadian Football League, EuroLeague Basketball, NFL International Series and the English Premier League club, Liverpool FC. DraftKings makes sports better and better sports fans.

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Media Contacts:

media@draftkings.com


[1] DraftKings does not intend to offer its products and services to residents of South Australia.

[2] Michael Swinson, “Living in a (fantasy) sports world,” http://www.kwm.com/en/au/knowledge/insights/living-in-fantasy-sports-world-regulation-virtual-team-20160601, (June 2016).

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 and MSG Networks Partner For First Ever Live Fantasy Infused Broadcast

Show Will Feature Combination of Traditional and Fantasy Sports Infused Content and Commentary

New York, NY (November 10, 2017) – MSG Networks and DraftKings, Inc. announced today they will broadcast a DraftKings Fantasy Live show on MSG+ for the first time in a parallel telecast and game call during the Knicks vs. Cavaliers game on Monday, November 13.

The DraftKings Fantasy Live broadcast will feature MSG Networks’ host Bill Pidto, MSG Networks’ analysts Alan Hahn and Wally Szczerbiak and DraftKings’ Fantasy Contributors Julian Edlow and Greg Ehrenberg. The show will include a live analysis of fantasy sports education including lineup-building, play-by-play breakdowns and more. DraftKings Fantasy Live on MSG+ kicks off at 7:30pm ET and will also be streamed on MSG GO, MSG Networks’ live streaming & VOD platform.

“DraftKings is committed to creating new opportunities through our partnerships to offer the most value to, and best experiences for sports fans everywhere,” said Ezra Kucharz, Chief Business Officer of DraftKings. “Through this broadcast, we hope to combine the best of fantasy and live sports content through a dynamic and entertaining program.”

DraftKings Fantasy Live show marks a new endeavor in MSG Networks’ and DraftKings’ pre-existing relationship. As a signature partner of the Madison Square Garden company, DraftKings is the exclusive, Official Daily Fantasy Sports Partner of MSG’s teams including, the New York Knicks, Rangers, Liberty and Westchester Knicks, as well as the world’s most famous arena, Madison Square Garden. DraftKings also sponsors the “Picks Of The Night” feature in both the New York Knicks & New York Rangers post-game shows on MSG Networks.

“We are always looking for new ways to engage our fans around our live games,” said Kevin Marotta, senior vice president of marketing and content strategy, MSG Networks. “And with the popularity of daily fantasy sites as well as our ongoing partnership with DraftKings, we felt a big game like this was a perfect opportunity to bring something new to our viewers.”

The traditional Knicks telecast will air on the MSG Network as originally scheduled. MSG Networks’ Knicks pre- and postgame shows will be the same on both networks.

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DraftKings Takes First Step In Offering Digital Streaming of Live Sports

EuroLeague Games To Be Seen In North America Via DraftKings App

Boston, MA – November 7, 2017 –  DraftKings, Inc., the ground-breaking sports-tech and media entertainment company, announced today it is testing the waters in the streaming of live sports through an expanded partnership with EuroLeague Basketball. Customers will be able to stream select Turkish Airlines EuroLeague basketball games directly through their DraftKings mobile app and seamlessly toggle between fantasy contests and live content.

This new streaming feature reinforces DraftKings’ commitment to delivering a comprehensive platform that combines the best of fantasy and live sports content. Today’s announcement – made by CEO Jason Robins at the Web Summit conference in Lisbon, Portugal – comes on the heels of a series of other milestones for the company, including: expanding into five new countries, introducing new Daily Fantasy Sport game variants, beefing up the executive team with new hires, and a significant investment in original content.

“Our goal is to become the one-stop destination and mobile companion for sports fans globally. Adding a live streaming component allows us to provide the best and most seamless product for our customers. This is what the future of sports looks like,” said Jason Robins, co-founder and CEO of DraftKings.

By the first quarter of 2018, DraftKings hopes to offer US and Canadian-based customers the opportunity to live-stream EuroLeague games on the DraftKings app. Customers will be able to stream one free game per week or watch multiple games by playing in a $3 and above DraftKings contest.  DraftKings will also create original content to support the EuroLeague product, enhancing the offering for fans.

“We are proud to be breaking new ground with such a forward-thinking partner as DraftKings,” said Jordi Bertomeu, EuroLeague Basketball President and CEO. “Combining fantasy with live-streamed games is a perfect match, not only for the countless passionate EuroLeague fans we have already, but for the many new ones who will now discover our unique brand of basketball through DraftKings.”

For the first time, EuroLeague contests will be available globally on DraftKings starting Tuesday, November 14, 2017.  Customers will be able to play the classic salary cap format basketball game by selecting 6 players according to the specified positions with the same scoring as the classic NBA game on DraftKings.  For more information on the EuroLeague games and to play visit: https://www.draftkings.com/lp/euroleague-how-to-play

The DraftKings App is available for download via iOS and Android.

DraftKings Hires R. Stanton Dodge as Chief Legal Officer

Deepens Legislative and Legal Affairs Expertise as Company Continues Expansion

Boston, MA (October 17, 2017) – DraftKings, the world’s largest daily fantasy sports platform, today announced R. Stanton Dodge will be its new Chief Legal Officer, effective November 6, 2017. Dodge will oversee the Legal and Government Affairs teams based in the Boston headquarters and report into DraftKings CEO and co-founder, Jason Robins.

“Stanton brings to DraftKings a wealth of experience and expertise in legal and government affairs,” said Robins. “During his nearly two decades at DISH, he helped the company grow from a startup in a fledgling industry into a telecommunications giant. Stanton will be a major driver and enabler of DraftKings’ future growth as we continue to evolve and expand into new lines of business around the world, and we are very excited to have him join the talented group of women and men who work at DraftKings.”

For the last two years, DraftKings has helped pass consumer protection laws for daily fantasy sports players in more than a dozen states across the United States. The company has also pioneered a ground-breaking legal framework to operate in the European Union by obtaining a first-of-its-kind Controlled Skill Games License from the Malta Gaming Authority, which has enabled DraftKings to successfully launch in Germany, Malta, Ireland and Austria.

Prior to DraftKings, Dodge worked at DISH Network for more than 20 years in positions of increasing responsibility in the legal department, most recently as Executive Vice President, General Counsel and Secretary of DISH, responsible for all legal and government affairs for DISH and its subsidiaries and Corporate Communications.

At DISH, Dodge successfully defended the company’s wildly popular and industry disrupting technology that allowed customers to skip TV commercials.

DraftKings Hires Ezra Kucharz as Chief Business Officer

CBS Veteran Brings 20 Years of Experience in Digital Media to Focus on Growing DraftKings’ Content and New Business Revenue Streams

Boston, MA (October 4, 2017) – DraftKings, the world’s largest daily fantasy sports platform, today announced Ezra Kucharz as its new Chief Business Officer, overseeing Business Development, Corporate Development and Ad Sales. In this newly created role, Kucharz will report to CEO and co-founder, Jason Robins.

“We see tremendous growth opportunity through expansion of our sales and sponsorships business, strategic M&A, and continued development of our many great partnerships,” said Robins. Not only does Ezra bring a wealth of experience in these areas and others, he also brings an entrepreneurial approach that will mesh perfectly with the innovative culture we have built at DraftKings.”

Kucharz will focus on expanding DraftKings’ digital content through ad sales, further solidifying the company’s position at the intersection of sports, tech and media while advancing its footprint in the digital and content space. Additionally, Kucharz remit will include the build-out of the Corporate Development function identifying opportunities for strategic ventures and acquisitions.

Prior to joining DraftKings, Kucharz was president of CBS Local Digital Media and special advisor to CBS CEO Leslie Moonves. In his role at CBS Local Digital Media, Kucharz combined the digital extensions of CBS’ radio and TV assets – particularly in the areas of music, lifestyle, news, sports and local information – and allowed the company to create digital hubs in the major markets where it owned stations, resulting in the top digital business in local broadcast.

“ASK DRAFTKINGS” BECOMES NEW DAILY FANTASY SKILL FOR AMAZON ALEXA

DraftKings Skill for Alexa to Provide Real-Time and Historical DraftKings’ Stats for NFL

 BOSTON, Mass., September 28, 2017 – DraftKings, Inc., the leading global daily fantasy sports (DFS) platform, today announced its first integration with Amazon’s Alexa. DraftKings Skill for Alexa, “Ask DraftKings,” is a free DFS-oriented service to be offered this NFL season. The DraftKings Skill for Alexa will now bring real-time and historical DraftKings’ fantasy stats to millions of sports fans’ homes through Amazon’s voice service.

Through this integration, customers in the US and UK can ask DraftKings Skill for Alexa questions about specific players including DraftKings fantasy points earned, touchdowns scored, net yards and overall stats both in real time and historically. To receive information on an athlete, customers can enable the DraftKings Skill for Alexa and follow it with a player’s name by saying, “Alexa, Launch DraftKings. Tom Brady.” Alternatively, customers can simply ask, “Alexa, how many points does Tom Brady have?” If interested to hear an athlete’s DraftKings’ fantasy score from a specific week, customers must say “Ask DraftKings” followed by the player’s name and the given week, such as, “Alexa, how many points did Tom Brady earn in week 7 of the 2016 – 2017 season?”

In addition to fantasy football, “Ask DraftKings” will be expanding into new international markets and offer specific DFS relevant information on athletes for all 10 sports that DraftKings offers.

“We want to provide DraftKings customers another way to get real-time updates on their DFS players,“ said Jeremy Elbaum, Vice President of Strategic Partnerships. “Alexa has become an indispensable part of daily life for many consumers which makes it a clear choice for DraftKings as we expand into new platforms.”

”Ask DraftKings” is currently available in the Alexa Skills store. You can learn more about DraftKings Skill for Alexa, “Ask DraftKings,” here: http://bit.ly/2xBR2ze

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DRAFTKINGS AND FANXCHANGE PARTNER TO BRING SPORTS FANS FROM THEIR PHONE SCREENS TO THE STADIUM

 Multi-Year Partnership will Include Access to Live Sporting Events and Exclusive Assets

 BOSTON, Mass., September 26, 2017 – DraftKings, Inc., the leading global daily fantasy sports platform, has named Fanxchange as its official live event ticketing partner. Through this partnership, Fanxchange will provide DraftKings customers with access to live sporting events through exclusive promotional assets across DraftKings’ web, mobile, DK Live and DKTV platforms.

“We know that 60% of our customers watch more live sports since they started playing fantasy contests on our platform,” said Jeremy Elbaum, Vice President of Strategic Partnerships, DraftKings. “This partnership lets us tap into our customers’ unrivaled passion and bring it to life.”

To launch this partnership, DraftKings is offering a customized, free-to-play contest, starting today, September 26th and running until October 1st. Customers will have the opportunity to test their skills to win cash prizes as well as Fanxchange credits. Additionally, all entrants in this contest are eligible for discounts on Fanxchange, including 75% off Fanxchange’s fees associated with their ticket purchases for the week of September 26th – October 1st.  You can enter the contest directly here http://bit.ly/2xw75yC and purchase tickets directly on Fanxchange here http://bit.ly/2hv1UaN.

“DraftKings’ customers are the ultimate sports fans and this partnership will allow us to bring them from watching a game and engaging with their platform at home to cheering for their favorite team live in the stadium,” said Brandon Koffler, CEO, Fanxchange. “We can now provide their customers with unprecedented access and opportunities to connect their passion for fantasy sports directly to the games, creating a complete and dynamic sports experience.”

DraftKings and Fanxchange will continue to roll out offers which will be exclusively promoted across DraftKings’ platforms. All ticket transactions will take place on the Fanxchange platform in a seamless, safe and secure manner.

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 and Germany. 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.’

About Fanxchange

Fanxchange is an online ticket marketplace; home to millions of tickets for sports, concert and theater events across North America. Our marketplace enables fans to find the best deals available, see their favorite team, artist or show live and buy tickets with confidence as every order is backed by our guarantee. Whether on mobile or web, Fanxchange makes buying tickets a fun, simple and seamless experience. Fanxchange is also the B2B industry leader in powering white labeled live event ticketing solutions for major loyalty programs, financial institutions, travel providers, hotel operators, e-commerce marketplaces and distribution partners; providing their users access to tickets for all their favorite live events! Check out our site and find tickets to your favorite event at fanxchange.com

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DRAFTKINGS KICKS OFF NFL SEASON WITH ONE BILLION DOLLAR LINEUP CHALLENGE

BOSTON, Mass., August 14, 2017 – DraftKings, Inc. today announced the start of the 2017-2018 NFL season for daily fantasy football with a ground-breaking “Billion Dollar Lineup” challenge. Beginning August 14, DraftKings’ Billion Dollar Lineup game gives football fans an opportunity to win $1 billion in the first week of NFL matchups by building the perfect fantasy lineup.

“For the last five NFL seasons, DraftKings has led the way in innovation and breakthrough ideas creating the game inside the game that only daily fantasy sports can provide,” said Janet Holian, Chief Marketing Officer of DraftKings. “This year, the Billion Dollar Lineup is the ultimate opportunity for players to test their skills and kick off the new NFL season with the potential to win $1 billion.”

Creating this flawless lineup and scoring the maximum number of possible fantasy points will be the greatest test of skill for DraftKings fans. To enter, players must draft the perfect lineup in DraftKings’ free $100,000 contest. DraftKings will calculate the perfect lineup by determining all possible valid lineup combinations given the NFL Week 1 results under the normal salary cap and roster restrictions. The perfect lineup will be the highest possible scoring lineup. Entries will be limited to one per person, with a maximum number of total entries capped at 5 million. All lineups must be submitted by kickoff at 1PM ET on September 10, 2017.

The Billion Dollar Lineup payout is guaranteed by a consortium of major insurance companies from around the world that combined are worth more than $250 billion. DraftKings’ Billion Dollar Lineup is completely free to play and open to residents of all 50 U.S. states and the District of Columbia, along with Canada (excluding Quebec), the United Kingdom, and Germany.

For more on the Billion Dollar Lineup challenge, visit https://www.draftkings.com/billion-dollar-lineup