Latest articles
DraftKings Apologizes for 9/11 ‘Never Forget’ Sports Betting Parlay
DraftKings apologized on Sept. 11 for a parlay it offered sports bettors titled “Never Forget” that featured wagers on three New York teams. “Never Forget” references the way Americans honor the memory of the terror attacks 22 years ago on this day. The attacks by terrorists who hijacked planes killed nearly 3,000 Americans, primarily in […]
Is 2023 the Financial Turning Point for Online Gambling Operators in the US?
The second quarter of 2023 was an important period for the young US online gambling industry, as many companies are reporting that their online operations turned profitable for the first time. For years, even the biggest operators had been outspending their revenues, creating impatience among investors and contributing to the slump most gaming stocks experienced […]
DraftKings Forecasts $20M Revenue, $50M Costs for First Three Months in Kentucky
DraftKings CEO Jason Robins said the company has added Kentucky to its 2023 fiscal guidance and estimates that the state will generate $20 million in revenue for the year. During DraftKings’ Q2 earnings call, Robins said the state was not part of previous forecasts. That’s because the company anticipated a later launch date for Kentucky […]
Fanatics Betting and Gaming Wins PointsBet Bid Over Rival DraftKings, $225 Million to $195 Million
The Fanatics Betting and Gaming (FBG) team won in its competition against DraftKings to buy the US holdings of Australian online gambling operator PointsBet. On June 30, PointsBet shareholders voted to accept FBG’s $225 million bid. The deal more than triples FBG’s US market access and adds the Big Three online casino states, as well as […]
DraftKings’ Bid for PointsBet an Effort to Block Fanatics’ Entry to Online Casino?
DraftKings sent PointsBet an “unsolicited non-binding indicative proposal” on June 16 about its intent to buy the Australian online gambling operator for $195 million. That’s what PointsBet said in its second paragraph announcing the proposal. However, PointsBet first emphasized that it already has an “agreement to sell its United States online sports betting, iGaming, and retail […]
DraftKings’ New Cross-Genre Progressives Pay Out $1M in Jackpots on Two Dime-Sized Bets
Dime-sized side bets paid out over $1.1 million in two days for two lucky DraftKings slots players in West Virginia. One user won over $670,000 on May 20 while playing on 5 Treasures, and another won over $453,000 on Ultra Blazing Fire Link the following day. Both prizes came by way of ten-cent side bets on DraftKings’ unique cross-genre […]
Alleged DraftKings Hacker Joseph Garrison Arrested and Charged in New York
Authorities may have gotten to the bottom of a cyber-attack against DraftKings in November, which resulted in the theft of about $600,000 from user accounts. Joseph Garrison, 18, of Wisconsin, surrendered to the FBI in New York City on May 18, 2023. The United States Attorney’s Office of the Southern District of New York announced the arrest later the same […]
After Q1 Results, DraftKings Expects To Break Even On Adjusted EBITDA Basis
DraftKings released its Q1 financial results last week. The company generated $770 million in revenue for the quarter, representing 84% growth year-over-year. However, DraftKings still suffered a bottom-line loss of $397.1 million, or $0.87 per share. CEO and co-founder Jason Robins said the losses are part of the long-term strategy and told investors that the […]
DK Horse Live in 12 States, Is DraftKings’ First Horse Racing Product
DK Horse, the first horse racing betting app from DraftKings, is live in 12 states as of March 29. Bonus found those states in the app’s Google Play description and lists them below. DK Horse is live in: Colorado Indiana Kentucky Florida Massachusetts Minnesota Montana Oregon Virginia Washington West Virginia Wyoming DraftKings () first announced […]
DraftKings Black Throne Studios Aids In-House Tech Stack Reign
DraftKings Black Throne Studios (BTS) is the latest online casino game development service the Boston-based online gambling operator is creating. Stephen Miraglia, DraftKings senior communications director, tells Bonus.com: In terms of in-house game development, we’ve been doing that for a while now. His comment on Tuesday comes after other industry publications speculated that BTS will […]
