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DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel .
FanDuel was founded by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford on July 21, 2009 in Edinburgh, Scotland, as a pivot from Hubdub, a news prediction site, after taking in $1.2 million in venture capital funding from Pentech Ventures and Scottish Enterprise.
Golden Nugget Online Gaming Inc. is an online casino and sports betting operator owned by DraftKings.The company was split from Landry's, Inc. (owner of the Golden Nugget casinos chain) in 2020 and acquired by DraftKings in 2022.
Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. [6]
Jackpocket (a portmanteau of 'jackpot' and 'pocket') was founded in 2013 by Peter Sullivan to create an app for ordering lottery tickets. [3]The company operates as a lottery courier service; users can order lottery tickets through the Jackpocket app, but the tickets are purchased by the company on the user's behalf; it earns its revenue from service fees when a user funds their account.
Eccles co-founded the daily fantasy company FanDuel in 2009. [7] Starting in 2016, he oversaw the planning of the merger between FanDuel and Draftkings. [8] However, the Federal Trade Commission blocked the merger from taking place in 2017. [9] In November 2017 Eccles left FanDuel to pursue a new venture in the esports industry. [10]
DraftKings, now the other major daily fantasy firm, was founded in 2012. [21] In April 2013, MLB invested an undisclosed amount in DraftKings, making it the first professional sports organization in the United States to invest in daily fantasy sports. [22]
DraftKings said the combined company will be valued at $3.3 billion, and it will have $500 million on hand once the deal is complete. Sports betting giant DraftKings plans merger, to go public ...