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Technology Stocks
DraftKings, Inc. / Online Gambling
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
231 29 0 DKNG
Emcee:  Glenn Petersen Type:  Moderated
On April 24, 2020, DraftKings, Inc., a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, went public when it was acquired by Diamond Eagle Acquisition Corp., a Special Purpose Acquisition Corporation (SPAC). The transaction also included the acquisition of SBTech Global Limited, an international provider of cutting-edge sports gaming technologies.

In a press release announcing the close of the transaction, Jason Robins, the CEO and co-founder of DraftKings said, "Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America. By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech's proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers."

In May 2018, the Supreme Court struck down a 1992 federal law that effectively banned commercial sports betting - including online betting - in most starts, thus opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make each year.

For the year ended December 31, 2019, the consolidated entity had revenues of $431,834,000 and a net loss of $139,893,000, equal to $(.42) per fully diluted share.

On the first day of trading for the shares of the newly public DraftKings, trading under the symbol DKNG, closed at $19.35, up $1.82 for the day.

There are approximately 336,631,000 shares outstanding.

There are also 13,333,333 publicly traded warrants outstanding. The warrants, which trade under the symbol DKNGW, have an exercise price of $11.50 per share.

Feel free to share your experiences on the DraftKings website.

Additional Resources
DraftKings Website
DraftKings Investor Relations
DraftKings SEC Filings

Industry Resources
Legal Sports Report
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ReplyMessage PreviewFromRecsPosted
231DISNEY CEO: ESPN READY TO TAKE ‘MAJOR STEPS’ ON SPORTS BETTING Posted on SeptemGlenn Petersen1Thursday
230FanDuel Parlays Fantasy Sports Into a $1.9 Billion Betting Boom Glenn Petersen-Wednesday
229More analysis: WHAT WE KNOW ABOUT DRAFTKINGS’ REPORTED $20 BILLION BID FOR ENTAGlenn Petersen-Tuesday
228DraftKings makes $20 billion offer for UK sports betting company Entain, sourcesGlenn Petersen-Tuesday
227Still early days. The ultimate promotional tie up: ESPN Explores Sports-BettingGlenn Petersen2August 28
226DKS and HIBB posting blow out quarters and raising estimates pretty dramaticallyRarebird-August 27
225:) ............. .... ...Rarebird1August 25
224Ideally, I'd like to see a little more strength to confirm a bottom. A stronRarebird-August 24
223PENN- looks very promising that a bottom is likely in. If so, PENN should see $1Rarebird-August 24
222As the WSJ article in the preceding post notes, there will be a limited number oGlenn Petersen-August 21
221The Upcoming NFL Season Is Crunch Time for Sports Betting Online gambling has gGlenn Petersen1August 21
220Fanatics does not currently have an online gaming presence, though it is rumoredGlenn Petersen-August 20
219Sportradar registration statement: Live F-1 (sec.gov) SPORTRADAR FILES FOR IPOGlenn Petersen-August 19
218FANDUEL TARGETS PROFITABILITY BY 2023 AS Q2 REVENUES SOAR POSTED ON AUGUST 10, Glenn Petersen1August 13
217Cathie Wood from ARK Invest continues to buy DKNG while selling her other tech squantinvestor2August 13
216MLB, Barstool Sports in significant talks to broadcast games By Andrew MarchanGlenn Petersen-August 10
215WHO IS DRAFTKINGS TARGETING WITH $1.5 BILLION GOLDEN NUGGET ONLINE PURCHASE? POGlenn Petersen2August 9
214Re: FST Blank Check IPOs (SPACS) Message Board - Msg: 33176660 (siliconinvestorGlenn Petersen1August 9
213I believe that he's dumping many of his restaurant businesses into another SLabrador-August 9
212Thanks for the info- I guess that gives him plenty of shopping time if he so chorichardred-August 9
211Fertitta will not sell any shares for one year from the effective date of the meLabrador-August 9
210I saw that acquisition. If it's Tilman Fertitta that owns this business? Therichardred-August 9
209Thanks for posting that article. I had not previously known about Tipico. I wasGlenn Petersen-August 9
208GNOG is up 48% this morning: DraftKings to acquire Golden Nugget Online Gaming Glenn Petersen1August 9
207GCI--getting into the game Additional Business Highlights: Signed strategic srichardred-August 8
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