Predict your next investment

Corporation
INTERNET | Internet Software & Services / Gambling
draftkings.com

See what CB Insights has to offer

Founded Year

2012

Stage

PIPE - II | IPO

Total Raised

$727.6M

Market Cap

20.03B

Stock Price

53.70

Revenue

$0000 

About DraftKings

DraftKings (NASDAQ: DKNG) is a skill-based Daily Fantasy Sports (DFS) gaming destination for fans in North America to compete in single-day online games for cash and prizes across a large variety of professionals and collegiate sports.

DraftKings Headquarter Location

222 Berkeley Street

Boston, Massachusetts, 02110,

United States

617-986-6744

Latest DraftKings News

Could DraftKings Beat MGM To Acquiring BetMGM Joint Venture? What Investors Should Know

Sep 22, 2021

Share: The sports betting market continues to see new players emerge as casino and sports-related companies look to take advantage of the growing market. With the increased number of players, it becomes likely consolidation will happen. It has already started in 2021 and looks ready to heat up, particularly with the announced talks on Tuesday between two companies. What Happened: Online sports betting giant Draftkings Inc (NASDAQ: DKNG ) confirmed it made a bid to acquire Entain ADR (OTC: GMVHY ), a European-based betting company. The reported price tag of $20 billion includes cash and DraftKings shares and is a premium to the $18 billion valuation Entain had prior to the news. Entain owns brands like Eurobet, bwin, Ladbrokes, partypoker and PartyCasino and is one of the largest sports betting companies in the world. The company has licenses in 20 countries on five continents. Entain also is a 50% owner of BetMGM, a joint venture with MGM Resorts International (NYSE: MGM ) which owns the other 50%. MGM Resorts attempted to acquire Entain earlier this year with bids of $10 billion and $11 billion. Entain said at the time that the bid from MGM “significantly undervalues” the company’s assets. A statement was issued from MGM Resorts International confirming they were aware of DraftKings’ potential offer for Entain. “MGM is Entain’s exclusive partner in the U.S. online sports betting and iGaming market through our highly successful 50/50 joint venture BetMGM LLC,” the company said. MGM said it would have to consent to any transaction involving a competitor owning Entain and the joint venture. “MGM believes that having control of the BetMGM joint venture is an important step towards achieving its strategic objectives.” MGM will work with Entain and DraftKings on a solution going forward, the company added.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing DraftKings

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned DraftKings in 1 CB Insights research brief, most recently on Aug 24, 2021.

Expert Collections containing DraftKings

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

DraftKings is included in 3 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

E

Esports

641 items

We define eSports as competitive gaming facilitated by electronic systems, in particular video games played on computers or consoles by professional gamers (though many do it as a hobby or pastime).

G

Gaming

4,612 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

DraftKings Patents

DraftKings has filed 15 patents.

The 3 most popular patent topics include:

  • Content management systems
  • Free content management systems
  • Social networking services
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/13/2019

9/21/2021

Social networking services, Professional bodybuilders, Free content management systems, Social information processing, Blog hosting services

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

6/13/2019

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

9/21/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Social networking services, Professional bodybuilders, Free content management systems, Social information processing, Blog hosting services

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

DraftKings Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

DraftKings Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.