About DraftKings Inc. - Class A Common Stock (DKNG)
DraftKings Inc. is a leader in the digital sports entertainment and gaming industry, providing a platform for users to engage in fantasy sports and sports betting. The company offers a variety of products, allowing sports fans to participate in daily and season-long fantasy competitions, as well as wagering on live sporting events across various platforms. Through its innovative technology and user-friendly interface, DraftKings aims to enhance the sports viewing experience, offering a range of options for entertainment, engagement, and wagering in a regulated environment. The company continues to expand its offerings and market presence as the gaming landscape evolves. Read More
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PALM BEACH, Fla., June 17, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Sports facilities are not just earning revenues from sports but are also creating additional revenues from entertainment and other events. A recent report from Market.us said that the Global Sports Facilities Market size is expected to be worth around USD 1,084.0 Billion by 2034, from USD 132.4 Billion in 2024, growing at a CAGR of 23.4% during the forecast period from 2025 to 2034. The report said: “Sports facilities are dedicated spaces for athletic activities, training, and competitions. They include stadiums, arenas, gymnasiums, and community sports complexes. Some focus on professional events, while others serve schools and local leagues. These facilities support various sports, offering equipment, seating, and amenities for players and spectators. The sports facilities market includes businesses that develop, operate, and manage venues for sports activities. It covers public and private stadiums, fitness centers, and training complexes. The market depends on sports popularity, event hosting, and investments in infrastructure. Revenue comes from ticket sales, sponsorships, memberships, and government funding. Sports facilities are evolving to meet rising demand. Governments and private investors are upgrading stadiums, gyms, and training centers to attract more visitors.” Active Entertainment companies active in the markets include: Venu Holding Corporation (NYSE American: VENU), Live Nation Entertainment (NYSE: LYV), TKO Group Holdings, Inc. (NYSE: TKO), Madison Square Garden Sports Corp. (NYSE: MSGS), DraftKings Inc. (NASDAQ: DKNG).
BOSTON, June 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and online sports wagers placed with licensed operators, DraftKings Inc. (Nasdaq: DKNG) today announced that it will implement a 50-cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook, effective September 1, 2025.
Scottie Scheffler has made a ton of money for himself and sports bettors in recent years. Some fans and bettors aren't happy when he loses and want refunds.
FanDuel is adding a new betting fee, responding directly to a new Illinois tax. DraftKings stock rises as bettors may now switch to avoid its rival's fee.
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 19.9% year on year to $1.41 billion. The company’s full-year revenue guidance of $6.3 billion at the midpoint came in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.12 per share was in line with analysts’ consensus estimates.
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