VCs are betting on online casinos after the success of sports gambling [Fortune]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Fortune
But it wasn't too long ago that you would have to travel to Las Vegas or Atlantic City to lose money on questionable wagers. So what changed? A good argument could be made that daily fantasy sports paved the way for online gambling to go mainstream (and legal), with the twin rise of FanDuel and DraftKings in the early 2010s creating the explosive market. But while today their success may seem predestined, FanDuel cofounder Nigel Eccles told me that it was a battle to get a foothold—and to convince the often skittish venture capital sector to get on board. Today, Eccles is diving into an even riskier market—online casinos, where users can wager money on arcade-style games from the comfort of their web browsers. His startup, BetHog, is announcing a $6 million round of seed funding led by 6th Man Ventures, a crypto-focused venture fund. It will not be available in the U.S., at least for now. The humble start, at least compared to the multi-billion-dollar behemoth that FanDuel becam
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DKNG
News
- The Surprising Risks of DraftKings (DKNG), Why The House Doesn't Always Win [Yahoo! Finance]Yahoo! Finance
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at TD Cowen from $50.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Conduktor looks to gatekeep ‘bad data' out of company's apps [TechCrunch]TechCrunch
- NFL Picks, Props And Odds For Week 10 Monday Night Football Dolphins-Rams [Forbes]Forbes
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Macquarie from $50.00 to $51.00. They now have an "outperform" rating on the stock.MarketBeat
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- DKNG's page on the SEC website