Monkey Tilt raises $30 million in push to make online gambling more social [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
The platform, founded by Las Vegas-native Sam Kiki, aims to make online gambling more social by combining entertainment with betting, allowing users to interact with each other through chat functions and share winnings. Monkey Tilt plans to use the funding for paid advertising, marketing, and building out its tech team, with a focus on creating a recognizable brand through partnerships with celebrities and influencers. The platform has already seen significant growth since its launch in March, with a monthly betting volume of $200 million. Online gambling used to be a solitary activity, one person sitting in front of a screen hoping to land on red. But as companies like Stake.com, FanDuel and DraftKings have gained popularity in recent years, investors are betting on the growing social aspect that has become part of many betting platforms. That includes Monkey Tilt, which combines entertainment with gambling, and on Wednesday announced it has raised $30 million in a Series A fundi
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News
- BALY Receives Shareholders' Nod for the Queen Casino Buyout [Yahoo! Finance]Yahoo! Finance
- Monkey Tilt raises $30 million in push to make online gambling more social [Fortune]Fortune
- Best MNF Betting Promos & Bonuses: Get $5800+ for Texans-Cowboys on Monday Night Football [USA TODAY]USA TODAY
- DraftKings Promo Code | Bet $5, Score $200 in Bonus Bets for Chiefs-Bills Clash & More NFL [USA TODAY]USA TODAY
- Is the $11 Billion Online Sportsbook Bubble About to Burst? [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form 144
- DKNG's page on the SEC website