DraftKings

DraftKings Inc.
Company typePublic
Industry
Founded2012; 13 years ago (2012)
Boston, Massachusetts, U.S.[1]
Founders
  • Jason Robins
  • Matt Kalish
  • Paul Liberman
Headquarters
Boston, Massachusetts
,
U.S.
Key people
  • Jason Robins (CEO)
  • Paul Liberman (COO)
  • Matt Kalish (CRO)
ProductsSportsBook, Online Casino, and Daily Fantasy Sports
RevenueIncrease US$4.77 billion (2024)
Negative increase US$−609 million (2024)
Negative increase US$−507 million (2024)
Total assetsIncrease US$4.28 billion (2024)
Total equityIncrease US$1.01 billion (2024)
Number of employees
5,100 (2024)
Websitedraftkings.com
Footnotes / references
[2]

DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.

The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel. In May 2018, amid the widening legalization of sports betting in the United States, DraftKings began to expand into online and retail sportsbooks to leverage its brand awareness and customer base.[3]

DraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company, and special-purpose acquisition company Diamond Eagle Acquisition Corp in April 2020.[4]

  1. ^ "The Super Bowl of Startups: Interview with DraftKings CEO Jason Robins". redpoint.com. February 5, 2014. Archived from the original on May 3, 2015. Retrieved July 20, 2015.
  2. ^ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2025.
  3. ^ "Beating the Odds: The Sports Betting Industry's Path to Sustainable Growth – A DraftKings Case Study". Bocconi Students Capital Markets. Retrieved October 25, 2024.
  4. ^ "Latest SPAC: Insight into DraftKings' Listing". Nasdaq.

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