DKNG has been in the news 321% more than usual
Jun 02, 2025, 4:32 PM
7.94%
What does DKNG do
DraftKings, headquartered in Boston, offers online sports betting, casino games, and daily fantasy sports across 27 U.S. states and Ontario, Canada, employing 4,400 staff since its IPO in July 2019. The company also owns Jackpocket, a digital lottery app, and operates multiple media platforms for content delivery.
DKNG has been in the news recently: SailGP, co-founded by Larry Ellison, has partnered with DraftKings and Bet365 to enable betting on their races, enhancing fan engagement for their 12 international teams. Additionally, DraftKings' shares dropped over 5% after Illinois increased online sports betting taxes, raising concerns among investors about potential tax hikes in other states.
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