DraftKings

DraftKings Inc. is a prominent American gambling company headquartered in Boston, Massachusetts. Established in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, the company initially focused on daily fantasy sports (DFS). It offered fans the opportunity to engage in one-day or short-term fantasy sports contests.

Over the years, DraftKings has expanded its offerings to include a comprehensive sportsbook and online casino. This caters to a diverse range of gaming preferences.

Expansion and Market Presence

In May 2018, following the Supreme Court's decision to legalize sports betting in the United States, DraftKings launched its first legal online sportsbook in New Jersey. This move marked a significant expansion beyond DFS, tapping into the burgeoning sports betting market.

Since then, DraftKings has extended its sportsbook operations to several other states, including New York, West Virginia, Indiana, Iowa, New Hampshire, Massachusetts, and Mississippi.

Public Offering and Growth

DraftKings went public in April 2020 through a reverse merger with SBTech, a sports betting technology provider, and Diamond Eagle Acquisition Corp., a special-purpose acquisition company. This strategic move enabled it to become a publicly traded entity, trading on the Nasdaq stock exchange under the symbol "DKNG."

Company Size and Platform

As of 2024, DraftKings employs approximately 5,100 individuals and continues to innovate in the gaming sector. The company offers a user-friendly platform with daily fantasy contests, a comprehensive sportsbook with many betting options, and an online casino featuring various games.

DraftKings is committed to responsible gaming practices, ensuring a safe and enjoyable experience for users.

Locations

In addition to its headquarters in Boston, DraftKings operates offices in several locations to support its diverse operations and growth:

• Kansas City, KS, USA
• Lowell, MA, USA
• Manchester, NH, USA

Industry Position

DraftKings' dedication to innovation and customer satisfaction has established it as a leading player in the gaming industry. It offers a comprehensive suite of products and services catering to a wide range of gaming enthusiasts.