DraftKings (NASDAQ:DKNG), Inc. is a digital sports entertainment and gaming company that offers daily fantasy sports contests, sports betting, and iGaming services through its online platform. The company provides a range of products that allow users to participate in fantasy leagues across major professional and collegiate sports, place real-money wagers on sporting events, and engage in casino-style games such as slots and table games. DraftKings operates its services via web and mobile applications, aiming to deliver user-friendly experiences with live odds, statistics, and personalized promotions.
Founded in 2012 by Jason Robins, Matt Kalish, and Paul Liberman, DraftKings began as a fantasy sports start-up and quickly grew in popularity by offering daily and weekly contest formats. In 2020, the company completed a business combination with Diamond Eagle Acquisition Corp and SB Tech, transitioning to a publicly traded entity on the NASDAQ under the ticker DKNG. This strategic move provided DraftKings with additional capital to expand its technology infrastructure, marketing initiatives, and regulatory compliance efforts.
DraftKings’ core offerings include its signature Daily Fantasy Sports platform, which covers a broad spectrum of professional sports leagues in North America and Europe. The DraftKings Sportsbook, launched following regulatory approvals in 2018, enables users to place bets on a variety of sporting events, including football, basketball, baseball, hockey, soccer, golf, and more. Complementing these is DraftKings Casino, which features online slots, poker, blackjack, roulette, and other virtual table games. The company employs proprietary risk-management and pricing technology, combining real-time data analytics with user behavior insights to optimize the overall gaming experience.
Headquartered in Boston, Massachusetts, DraftKings holds licenses in numerous U.S. states and international markets where online sports betting and gaming are legally sanctioned. The company has formed partnerships with professional sports leagues, teams, and media organizations to broaden its reach and enhance user engagement. Under the leadership of co-founders Jason Robins (CEO), Matt Kalish (President), and Paul Liberman (Chief Revenue Officer), DraftKings continues to invest in product innovation, regulatory compliance, and responsible gaming initiatives aimed at maintaining industry leadership and long-term growth.
