Draftkings New York

He added that DraftKings “stands to benefit from improving economies of scale through monetization of its existing marketing spend to penetrate the New York area market.” “In New Jersey.

1. Draft Kings Fantasy Lineup
2. Draftkings New York Cuomo
3. Draftkings New York Stock Exchange
4. Draftkings New York Legal

DraftKings stock hit an all-time high in October and sold off more than 50%. A bounce into January has settled in the upper half of a broad trading range.; Sports betting legalization in New York. The two top companies in Daily Fanatsy Sports are partners in legal sportsbooks in Upstate New York: DraftKings is a partner at del Lago Resort & Casino near Waterloo in the Finger Lakes. Week 15 Sunday Night Football features the New York Giants hosting the Cleveland Browns. The Browns are favored by 6.5 points, and the game has a 44.5-point total. As with all of my NFL DFS Showdown Strategy pieces for DraftKings and FanDuel, you can find the data that backs the takes in this article with.

BOSTON(September 16, 2020) – Today, the New York Giants and DraftKings (Nasdaq: DKNG) announced an exclusive, multi-year arrangement, making DraftKings the Official Sports Betting, iGaming and Daily Fantasy operator of the team. This multi-faceted arrangement grants DraftKings access to official Giants marks and logos, in addition to a first of its kind virtual SportsLounge open on Giants’ game days, providing attendees with unique and innovative ways to engage on all DraftKings platforms.

“The New York Giants have continued to be a fantastic organization to work with over the years, and we are excited to expand our relationship as the Giants’ Official Exclusive Sports Betting, iGaming and Daily Fantasy operator,” said Ezra Kucharz, DraftKings’ Chief Business Officer. “Both organizations remain committed to customer experience through enhanced product offerings and authenticity and look forward to joining forces across platforms as the highly-anticipated NFL season gets underway.”

With football continuing to be the most popular sport on the DraftKings platform, this collaboration aims to further enhance both customer experience and engagement throughout the NFL season and beyond. In addition, DraftKings and the Giants will provide a Free-to-Play Pick ‘Em game that will be available to Giants fans on a weekly basis. Out of the over 700 sports teams available on the DraftKings Sportsbook platform, the NY Giants rank in the top 40 for most highly bet franchises by both handle and wagers. .

“Our enhanced agreement with DraftKings provides innovative opportunities as we look to deliver a best-in-class fan experience,” said Giants Chief Commercial Officer Pete Guelli. “DraftKings is the preeminent leader in sports betting and daily fantasy sports and we are excited to be the first NFL team to have an exclusive integrated deal in this category.”

The Giants and DraftKings have worked together for a number of years, and under this arrangement, DraftKings is set to receive premier brand integration across MetLife Stadium during Giants home games. Moreover, DraftKings will be recognized as a sponsor and exclusive category advertiser across all team-controlled media including television (NBC, MSG Networks, MY9), radio (Entercom/WFAN), and digital and social (Giants.com and the official Giants mobile app) in addition to a number of experiential and hospitality benefits.

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Sports fans can download DraftKings’ Sportsbook, Casino, and Daily Fantasy products via iOS and Android here.

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About The New York Giants

A cornerstone franchise of the National Football League, the New York Football Giants began play in 1925. With eight championships, including a victory over the New England Patriots in Super Bowl XLVI, their second in five seasons, the Giants are the only franchise in the NFL with a Super Bowl victory in each of the last four decades.Headquartered at the Quest Diagnostics Training Center in East Rutherford, N.J., the Giants enter their 96^th season of play this fall. For more information, visit www.giants.com.

About DraftKings

DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.

Forward-Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact
media@draftkings.com

• DraftKings soared as much as 8.8% on Wednesday after New York Gov. Andrew Cuomo unveiled legislation backing mobile sports gambling in the state.
• Should the law pass, New York would become the most populous state yet to embrace online sports betting.
• Cuomo backed the measure as part of his plan to revive state tax revenues after they plunged amid the coronavirus pandemic.
• The governor's proposal will require gambling operators such as DraftKings to receive state licenses and partner with gaming companies already operating in certain areas of the state.
• Watch DraftKings trade live here.

DraftKings rallied as much as 8.8% on Wednesday after New York Gov. Andrew Cuomo revealed legislation to allow for mobile sports gambling in the state.

Draftkings New York Cuomo

The move stands to make New York the most populous state yet to embrace the betting industry. Cuomo previously stopped short of embracing online betting, arguing that a constitutional amendment is necessary to allow for such business.

The governor's new proposal will require mobile gambling operators to receive state licenses and partner with existing gaming companies.

Read more:Wall Street experts are calling Georgia's runoff results 'the first surprise of 2021.' Here's how 4 of them recommend positioning your portfolio for what could happen next.

DraftKings pared gains Wednesday afternoon and traded roughly 3% higher.

Cuomo endorsed the legislation as part of his plan to help the state rebound from the coronavirus pandemic. The health crisis and its economic fallout slammed states' tax revenues, leaving governments to cut costs and look for new sources of income.

Draftkings New York Stock Exchange

'New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis,' Cuomo said in a statement.

New Jersey legalized sports betting in June 2018, leading some New York residents to travel into the state to make bets. An industry survey cited by Cuomo found that nearly 20% of New Jersey sports betting revenue comes from visiting New Yorkers.

Read more:Fundstrat's Tom Lee says to buy these 10 transportation stocks that were the hardest hit by the pandemic and are most leveraged for the economy's reopening in 2021

The neighboring state's latest report on sports betting suggests New York has been missing out on millions of dollars in taxes. New Jersey recorded $50.6 million in sports betting revenue in November, according to a state report. The sales fueled $6.2 million in state tax income.

Separately, Cuomo also backed the legalization of marijuana in New York to further prop up tax revenues. The news further lifted cannabis stocks already climbing on Democrats' victories in Georgia Senate runoff elections.

DraftKings traded at $49 as of 1:20 p.m. ET Wednesday. The company has 23 'buy' ratings and eight 'hold' ratings from analysts.

Now read more markets coverage from Markets Insider and Business Insider:

Draftkings New York Legal