Latest articles
DraftKings Fined in Connecticut for Malfunctioning Online Slot
Within 48 hours of launching the online slot Deal or No Deal: Banker’s Bonanza on Connecticut DraftKings Casino, the online gambling operator started investigating possible payout issues. A DraftKings spokesperson also told Bonus on Sept. 3 that affected online casino bettors also received refunds within days of the conclusion of that investigation. However, Connecticut gaming […]
DraftKings Poker Debuts With ‘Electric’ 3-Handed Format
Online poker fans were energized by the discovery on Aug. 21 that DraftKings introduced a game called Electric Poker in Michigan on Aug. 20. Gamblers in New Jersey and West Virginia may be closely watching the new “3-handed, no-limit Texas Hold’em poker tournament game,” as well. Because their gaming regulators allow multi-state poker tournaments. In […]
DraftKings’ ‘iGaming-First’ Customer Acquisition Strategy Involves Golden Nugget, Jackpocket
DraftKings benefited from an “iGaming-first” customer acquisition strategy in Q4 2024, helping the online gambling operator achieve more than 80% growth in that metric vs. Q4 2023. The DraftKings, Golden Nugget, and Jackpocket brands all played a part in the rise of that iGaming-first customer acquisition strategy. So said DraftKings Co-Founder and CEO Jason Robins […]
DraftKings Announces Shutdown of Reignmakers and NFT Marketplace Amid ‘Unregistered Securities’ Lawsuit
DraftKings has shut down its NFT Marketplace and Reignmakers fantasy game due to what it terms “recent legal developments,” likely referring to the lawsuit it faces from Justin Dufoe. Earlier this month, a Massachusetts federal judge denied DraftKings’ attempt to have the case dismissed, and the company may be seeking alternatives to a trial. Dufoe’s suit claims that the Reignmakers NFTs […]
DraftKings Reignmakers NFT Lawsuit Will Proceed as Judge Rejects Arguments for Dismissal
DraftKings has failed in its motion to dismiss a lawsuit alleging that its Reignmakers non-fungible tokens (NFTs) constitute securities and are illegal to sell without approval by the Securities & Exchange Commission (SEC). US District Court Judge Denise J. Casper found sufficient merit in plaintiff Justin Dufoe’s claims that she believes the case should proceed. However, surviving a motion to […]
Court Approves $18 Million Payout to Former Golden Nugget Online Gaming Shareholders
Former Golden Nugget Online Gaming (GNOG) investors have agreed to a $22 million class action settlement, ending their challenge to the online casino platform’s 2022 $1.56 billion all-stock sale to DraftKings. This outcome means that almost everyone who owned GNOG stock at the time of the sale will receive some compensation. Delaware Chancery Court’s Vice […]
Jackpocket Casino Off to a Promising Start in NJ as DraftKings Completes $750M Acquisition
Now that DraftKings has completed its acquisition of leading lottery courier Jackpocket, it may be pleased to note the early performance of the latter’s new online casino product in New Jersey. Jackpocket Casino earned nearly $1.6 million in casino revenue in April, its second full month of operations. That may not seem like a particularly big number, and it isn’t compared […]
DraftKings Wins Preliminary Injunction Further Limiting Hermalyn’s Fanatics Role
A federal judge has granted DraftKings a preliminary injunction, temporarily limiting the functions its former executive, Michael Hermalyn, can perform in his new role at rival company Fanatics. On Tuesday, Massachusetts District Court Judge Julia E. Kobick issued her memorandum and order granting DraftKings’ motion for preliminary injunction and denying Hermalyn’s request for stay or […]
New York Class Action Against DraftKings Is Latest in Series of Suits Over ‘Risk-Free’ Promos
Although US gambling operators dropped the word “free” from their marketing last year, the former popularity of the term continues to produce lawsuits, the most recent of which is a federal class action targeting DraftKings. The plaintiff, Samantha Guery, sued in the Southern District of New York, alleging that the company’s promotion misled new players […]
DraftKings Brands Lead New Jersey Market, New Regulatory Data Reveals
New Jersey market shares for online casino brands are now public information thanks to a change in reporting by the Division of Gaming Enforcement (DGE). The DGE’s new numbers reveal monthly revenue for 30 online casino skins in what is by far the most crowded market for iGaming in the US. Foremost among these is DraftKings, whose flagship […]