Who is DraftKings & why is it so popular?

Within a few years, DraftKings, the company they’d launch from a spare bedroom in Paul’s Watertown, Massachusetts apartment, was an internationally known brand on its way to forever revolutionizing how fans engaged with sports. Since the daily fantasy sports platform launched in 2012, DraftKings has grown, and grown fast.

Is DraftKings still on ESPN?

ESPN announced on October 6 that they would no longer be running segments sponsored by DraftKings, though paid DraftKings advertisements would continue. In February 2016, ESPN backed out of its advertising deal with DraftKings due to the legal uncertainties surrounding the service.

Is DraftKings a publicly traded company?

Since launching in New Jersey, DraftKings has opened sports betting operations in New York, West Virginia, Indiana, Iowa, New Hampshire, Massachusetts and Mississippi. In April 2020, DraftKings completed a reverse merger valued at $3.3 billion that made it a publicly traded company.

Why did DraftKings stock drop 26%?

DraftKings stock sank 26% after the company reported monthly users for the quarter that fell short of estimates. The company raised its revenue forecasts for 2022. Shares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates.