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DraftKings could soon be #1 Fantasy Sports Site
Saturday April 4,2015 : DISNEY-ESPN TO INVEST $250 MILLION IN DAILY FANTASY SPORTS FIRM
DraftKings could soon be taking over the top position in the DSF sector.
You have to wonder whether young American entrepreneurs Paul Liberman, Jason Robins and Matt Kalish, the founders of daily fantasy sports betting site DraftKings, could have imagined how powerful their company would become when they put the project together just two years ago in Boston.
Today it's one of the two top sites in a booming sector (Fanduel is the other one) vying for the top spot, and the news this week that Walt Disney-ESPN is to invest $250 million is likely to power the Boston operation into the lead.
Reporting on the investment, the Wall Street Journal observed that it will boost the value of the company to $900 million.
DraftKings has committed to use the investment to ramp up marketing spend to over $500 million on ESPN sites over the next few years as it continues to drive growth; a mutually beneficial deal for all involved.
Rival FanDuel can continue to advertise on ESPN internet properties but won’t have the premium positions afforded to DraftKings.
DSF firms are increasingly attracting the attention of large media corporates, with Comcast recently investing in Fanduel. The Raine Group, Redpoint Ventures, GGV Capital and Atlas Venture have invested in DraftKings in previous funding rounds.
DraftKings and Fanduel have even managed to set up agreements with some of the national sports leagues overseeing sports like basketball, hockey, football and baseball Fantasy sport enjoys carve-outs in laws banning financial transactions with online gambling companies, and operators portray their activity as skill-based and therefore outside the accepted definitions of gambling.
DraftKings recently revealed that online players spent about $300 million on the fees required to play online, quick-turnaround games on its site last year. The company's website boasts that it will pay out a total of $1 billion in prize money this year.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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