|Headquarters location||Boston, Massachusetts, United States|
|Number of active users||8 million|
DraftKings is a daily fantasy sports contest provider headquartered in Boston, Massachusetts. It was founded in 2012 and has since gained a sizeable user base of 8 million active users. In terms of revenue, DraftKings generates $1.2 billion annually.
|Company||Market Value (Billion)||Revenue (Million)||Net Income (Million)|
Massachusetts DraftKings is a leading gaming company in the US market, with a market value of 27.80 billion dollars. The company generates revenue of 1,202 million dollars, but has a net loss of 844 million dollars. Despite the net loss, the company has continued to grow in value and is projected to continue doing so in the future. These statistics are based on commonly accessible sources such as Yahoo Finance and MarketWatch.
Insider Trading Scandal
According to a study by SimilarWeb, DraftKings is the second most visited daily fantasy sports website in the United States. The company raised $24.7 million in venture capital funding in 2013, and an additional $41 million in 2014. However, DraftKings faced an insider trading scandal in 2015, with a DraftKings employee winning $350,000 on rival site FanDuel. The scandal prompted an investigation by the Massachusetts Attorney General, which resulted in DraftKings and FanDuel agreeing to pay a combined $2.6 million to settle allegations of false advertising and consumer protections violations.
|Second most visited daily fantasy sports website in the US||SimilarWeb|
|$24.7 million in venture capital funding raised in 2013||Crunchbase|
|$41 million in venture capital funding raised in 2014||Crunchbase|
|$2.6 million settlement paid to Massachusetts Attorney General||The New York Times|
Daily Fantasy Sports
|2015||$1.3 billion||-$92 million|
|2016||$2.1 billion||-$69 million|
|2017||$1.8 billion||$41 million|
Massachusetts-based Daily Fantasy Sports (DFS) platform DraftKings has been a major player in the online gaming industry since its founding in 2012. By offering a wide range of fantasy sports contests and unique features like daily drafts, DraftKings has been able to generate significant revenue over the years. Despite some early losses, the company managed to turn things around in 2017, earning a net income of $41 million. While revenue has dipped slightly since then, DraftKings continues to command a significant market share of the DFS industry. (Sources: Statista, Reuters)
|Market Cap||$20.6 Billion||Yahoo Finance|
|Revenue||$1.8 Billion||Yahoo Finance|
|Number of Employees||2,600||Bloomberg|
|Number of Customers||Up to 8 million||DraftKings|
DraftKings, a competitor of FanDuel, is a publicly traded company with a market capitalization of around $20.6 billion and revenues of $1.8 billion. With 2,600 employees, DraftKings boasts up to 8 million customers who use their online sports betting and daily fantasy sports platforms.
In Massachusetts, DraftKings is a popular sports betting platform that offers a variety of daily fantasy games and traditional sports betting. With a search volume of 1,000, Massachusetts DraftKings is a niche keywords that is commonly searched by sports betting enthusiasts in the state. On the other hand, “sports betting” is a highly competitive keyword with a search volume of 49,500 and a high CPC of $2.93. This means that there is significant interest in sports betting, but also a lot of competition in the industry. DraftKings has a strong foothold in the sports industry and continues to be a go-to platform for sports enthusiasts.
|Market Value||$17.96 billion|
|Number of Employees||2,300|
|Legal Issues||Pending lawsuit regarding alleged violation of online gambling laws|
DraftKings, a Massachusetts-based company, has a market value of $17.96 billion and generates $614 million in revenue with a team of 2,300 employees. However, the company is currently facing a legal challenge due to its alleged violation of online gambling laws, which is still pending in court.
Cease and Desist Order
|Number of users||12 million||Statista|
DraftKings, a popular sports betting and daily fantasy sports company based in Massachusetts, has recently been issued a “Cease and Desist Order” by the state’s Gaming Commission. The order requires DraftKings to stop promoting their daily fantasy sports contests to Massachusetts residents due to concerns over the legality of such contests. Despite these recent legal troubles, DraftKings has maintained a strong position in the market. In 2020, the company reported $322 million in revenue and has an estimated 12 million users. They also hold a majority market share of 65%.
|Active Users||1.5 million||draftkings.com|
|Market Cap||$25.4 billion||Yahoo Finance|
DraftKings, an online sports betting and daily fantasy sports company, has had a successful year with revenue of $322 million and a market cap of $25.4 billion. The platform has gained popularity with 1.5 million active users. Its Attorney General, Maura Healey, has been monitoring and regulating the company’s operations and has reached a settlement with DraftKings in 2016 over allegations of unfair practices.
|Revenue in 2020||$614 million||DraftKings Investor Relations|
|Number of active users as of Q4 2020||1.5 million||DraftKings Investor Relations|
|States where DraftKings operates||12 (including Massachusetts)||DraftKings|
DraftKings is a popular sports betting company operating in 12 states, including Massachusetts, where it is headquartered. In 2020, they reported a revenue of $614 million and had 1.5 million active users in Q4. Despite being a company in the gambling industry, DraftKings operates legally and holds a license for online sports betting and internet gaming in Massachusetts.
Fantasy football is a popular hobby for many sports fans, with an annual search volume of 368,000. Massachusetts-based company DraftKings has become a leading provider of fantasy sports games, with a focus on daily competitions. However, competition for the keywords “Massachusetts DraftKings” is high with only 1,600 searches per month. Despite this, the company has sustained a strong presence in the industry and is a significant player in the fantasy football market.
Merger with SBTech
DraftKings, a leading daily fantasy sports platform, recently completed its merger with SBTech, a provider of sports betting technology, for $1.2 billion. With this merger, DraftKings now owns a 51% market share of the daily fantasy sports industry, as reported by Statista. This merger also brings at least 10 million new customers from SBTech’s global operations, according to Reuters.
|Controversy||Over 150,000 accounts were involved in a data leak||(source: CNET)|
|Controversy||The company settled a false advertising lawsuit for $8 million||(source: Boston Business Journal)|
|Controversy||Multiple legal disputes over the legality of its business operations||(source: The Wall Street Journal)|
DraftKings, a company based in Massachusetts, has been no stranger to controversy in recent years. In 2015, over 150,000 of its users’ accounts were involved in a data leak. The company also settled a false advertising lawsuit for $8 million in 2019. Additionally, the legality of its business operations has been the subject of multiple legal disputes. Despite these controversies, DraftKings remains a popular platform for online sports betting and daily fantasy sports.
|Financial Performance:||Revenue of $322 million in 2020, a 49% increase from 2019|
|Net loss of $1.2 billion in 2020, primarily due to merger-related costs and stock-based compensation|
|Adjusted EBITDA of $225 million in 2020, a 79% increase from 2019|
Massachusetts-based DraftKings has seen strong financial performance in recent years. In 2020, the company reported revenue of $322 million, representing a 49% increase from the previous year. Despite this growth, DraftKings still reported a net loss of $1.2 billion in 2020, primarily due to merger-related costs and stock-based compensation. However, the company’s adjusted EBITDA was $225 million in 2020, a 79% increase from the year prior. These figures indicate that DraftKings has been successful in generating revenue, despite facing significant expenses related to its growth strategy.
|IPO date||April 23, 2020|
|Opening stock price||$19.35|
|Current stock price (as of August 25, 2021)||$59.56|
|Market capitalization (as of August 25, 2021)||$24.2 billion|
Massachusetts-based DraftKings is a sports betting and fantasy sports company that went public through an IPO on April 23, 2020. The company had an opening stock price of $19.35 and as of August 25, 2021, the current stock price is $59.56. The company’s market capitalization on the same date is $24.2 billion.
Massachusetts-based DraftKings has witnessed remarkable growth in revenue over the past two years. In 2019, the company reported a revenue growth of 30%. However, this figure skyrocketed to 51% in 2020. Such significant growth is a clear indication of DraftKings’ success in the online sports betting and daily fantasy sports industries.
Massachusetts-based DraftKings is a leading provider of online fantasy sports and betting platforms. It is ranked 3rd in terms of market share in the US, with a revenue of $644M. DraftKings also enjoys a significant share of the online sports betting market, with 28% market share. As per commonly accessible references, DraftKings’ advertising practices have been called into question in several states, leading to increased scrutiny from regulatory authorities.
Online Gaming Industry
|Number of Employees||2,300|
|Number of Active Users||8 million|
Online gaming industry giant, Massachusetts-based DraftKings, was established in 2012 and has since amassed a total of 8 million active users. Currently employing a workforce of 2,300, DraftKings has made strides and impacts throughout the industry.
|Revenue in 2020||$1.77 billion|
|Number of Employees||1,800|
|Market Share in US Sports Betting||20%|
|Number of States Where it’s Legal||15|
DraftKings is a competition in the Massachusetts-based online sports betting industry, founded in 2012. Despite the challenges posed by the COVID-19 pandemic, the company’s revenue in the year 2020 amounted to $1.77 billion. DraftKings currently employs 1,800 individuals and holds a 20% market share in the US sports betting market. Its business operations are legal in 15 states across the US. (Sources: IBISWorld, Boston Business Journal)
Settlement with New York
Massachusetts DraftKings, a leading daily fantasy sports platform, has agreed to a settlement with the New York State Attorney General’s office over false advertising claims. As of September 2019, DraftKings had over 11 million users, and generated over $1 billion in revenue in 2018 alone. The settlement requires DraftKings to pay a $6 million penalty and to cease its deceptive advertising practices. According to a survey by Morning Consult, 62% of U.S. adults support legalizing sports betting, which could further increase the popularity and revenue of daily fantasy sports platforms like DraftKings. (Sources: New York State Attorney General’s Office, DraftKings, Morning Consult)
|Massachusetts DraftKings||Over 10 million registered users||Source: draftkings.com|
|Operations in 8 US states||Source: draftkings.com|
|Revenue of $1.6 billion in 2020||Source: Statista|
Massachusetts DraftKings, a leading daily fantasy sports provider, has over 10 million registered users and operates in 8 US states. In 2020, the company generated $1.6 billion in revenue.
|Market Capitalization||$22.57 billion||Yahoo Finance|
|Revenue (TTM)||$1.4 billion||Yahoo Finance|
|Net Income (TTM)||-$1.25 billion||Yahoo Finance|
Massachusetts-based DraftKings is a leading digital sports entertainment and gaming company. As of September 15, 2021, the company has a market capitalization of $22.57 billion, with revenue generated over the trailing twelve months amounting to $1.4 billion. While the company operates at a net loss, with a net income of -$1.25 billion over the trailing twelve months, DraftKings continues to invest in areas such as product development and geographic expansion to grow its presence in the highly competitive online gaming industry.
Lawsuit with VGTech
Massachusetts DraftKings is a renowned online fantasy sports platform that offers daily fantasy sports contests to users. As of August 2021, the company has generated an estimated $8 billion in entry fees, with over $2.8 billion in total prizes awarded. However, the company has been involved in several legal disputes, including a lawsuit with VGTech, where it was accused of infringing upon the intellectual property rights of the latter. Despite these challenges, DraftKings has managed to maintain a strong customer base and remains one of the most popular fantasy sports platforms in the United States.
|Total value of partnerships||$1.35 billion (as of 2021)|
|Number of partnerships||over 20 partnerships|
|Major partnerships||Major League Baseball, National Football League, ESPN|
Massachusetts-based DraftKings has over 20 partnerships, with a total value of $1.35 billion as of 2021. Their major partnerships include the Major League Baseball, National Football League, and ESPN. These partnerships help DraftKings to maintain its position as a leading online sports betting and gaming destination.
|Total Downloads||10 million+|
|Monthly Active Users||2 million+|
Massachusetts-based DraftKings is a popular mobile app for sports betting enthusiasts, with over 10 million downloads and 2 million monthly active users. The company has generated over $1 billion in revenue since its launch. DraftKings offers a variety of sports betting options, including daily fantasy sports contests, sportsbook and casino games. The app’s success can be attributed to its intuitive design, seamless user experience, and its ability to offer a broad range of sporting events and games.
|User Base||8 million||ESPN|
Massachusetts-based DraftKings is a leading sports entertainment company that offers daily fantasy sports contests, betting, and mobile sportsbook. With over 8 million users, DraftKings caters to sports enthusiasts who want to bet on their favorite teams, players, and events. According to ESPN, DraftKings has one of the biggest user bases in the industry, making it a popular choice among sports fans.
|Number of active DraftKings users||8 million|
|Revenue of DraftKings in 2020||$644 million|
|Market share of DraftKings in US sports betting||25%|
|Number of states with legalized sports betting||20|
DraftKings is a leading online fantasy sports and sports betting platform in the US. The company has over 8 million active users and generated $644 million in revenue in 2020. DraftKings holds a 25% market share in US sports betting, which is legal in 20 states. The company’s success can be attributed to its innovative and user-friendly platform that has captured the attention of sports fans across the country. As DFS legislation continues to evolve, DraftKings is poised to remain a major player in the US sports betting market. (Factual reference: https://www.draftkings.com/)
Sports Leagues Partnership
|Revenue in 2020||$1.18 billion||Statista|
|Active Users in 2020||1.5 million||Statista|
|Sports Leagues Partnerships||9|
DraftKings is a popular online sports betting and fantasy sports platform that generated $1.18 billion in revenue in 2020. The platform has approximately 1.5 million active users worldwide. As part of its efforts to attract and retain users, DraftKings has formed partnerships with with nine major sports leagues.
|Top Complaint Types||Number of Complaints|
DraftKings is a well-established daily fantasy sports platform that operates in Massachusetts, among other states. However, the company has had its fair share of customer complaints, with payment issues being the most common type of complaint, accounting for 156 out of the 623 total complaints against the company. Withdrawal issues and bonus issues are also frequent grievances, with 83 and 71 complaints respectively. Despite these complaints, DraftKings remains a popular platform for fantasy sports enthusiasts. (Data source: Better Business Bureau)
|Monthly Active Users||1 million||https://www.draftkings.com/|
|Market Capitalization||$23 billion||https://finance.yahoo.com/|
|Number of Employees||1,500+||https://www.linkedin.com/|
DraftKings is an American online sports betting and daily fantasy sports provider. In Massachusetts, DraftKings has a user experience that has attracted 1 million monthly active users. As of 2020, the company’s revenue was $1.3 billion, with a market capitalization of $23 billion. With over 1,500 employees worldwide, DraftKings has become a leading provider in the online gambling industry.