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Penn Sportsbook Reports Fourth Quarter Profit
In this photo illustration the Penn Entertainment logo displayed on a smartphone screen.
Rafael Henrique | SOPA images | Light Rocket | Getty Images
PennEntertainment on Thursday became the first US gaming company to turn a profit in its sports betting business for the last three months in a year.
It is usually harder to turn a sports betting profit in the third and fourth quarters as companies…
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#business news#company#Deutsche Bank AG#DraftKings Inc#entertainment#Flutter Entertainment PLC#gambling#PENN Entertainment Inc#Sports#united states
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DraftKings Stock Surges on Improved Guidance, Says Inflation Not Denting Demand
DraftKings Stock Surges on Improved Guidance, Says Inflation Not Denting Demand
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The logo for DraftKings is displayed on a smartphone.
Gabby Jones/Bloomberg
DraftKings
stock was surging in premarket trading Friday after the online gambling company raised its full-year guidance.
DraftKings (ticker:
DKNG
) said it now expects revenue for the year of between $1.93 billion and $2.03 billion, up from previous guidance for $1.85 billion to $2 billion. The company…
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#arts#C&E Industry News Filter#Consumer#Content Types#corporate#Corporate/Industrial News#DKNG#DraftKings Inc#Earnings#Earnings Report#Factiva Filters#Financial Performance#Gambling Industries#hospitality#industrial news#leisure#Leisure/Arts/Hospitality#Markets#North America#Online Gambling#PENN#Penn National Gaming#Penn National Gaming Inc#synd
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Can DraftKings (DKNG) make money from gambling?
Can DraftKings (DKNG) make money from gambling?
DraftKings (DKNG) has come totally out of the closet. The “fantasy sports” company is now advertising “Online Casino Games for Real Money.”
The DraftKings Casino features digital versions of blackjack, slots, roulette, poker, craps, and other casino games. Hence, DraftKings has dropped all pretense of being a fantasy sports company. DraftKings is in the gambling business.
Nor is casino gambling…
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#Can DraftKings (DKNG) make money from gambling?#DraftKings Inc. (NASDAQ: DKNG)#DraftKings is a Terrible Stock#DraftKings makes little money#What Value does DraftKings (DKNG) offer?#Will Gambling Addiction Destroy DraftKings?
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Sports Betting Market Growth, Share, Size, Industry Trends 2024-2032
IMARC Group's report titled "Sports Betting Market Report by Platform (Offline, Online), Betting Type (Fixed Odds Wagering, Exchange Betting, Live/In Play Betting, Pari-Mutuel, eSports Betting, and Others), Sports Type (Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, and Others), and Region 2024-2032",The global sports betting market size reached US$ 94.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 205.6 Billion by 2032, exhibiting a growth rate (CAGR) of 9.01% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/sports-betting-market/requestsample
Factors Affecting the Growth of the Sports Betting Industry:
Technological Advancements:
The rising development of sophisticated online betting platforms, mobile betting apps, and interactive features that enhance the user experience is impelling the market growth. The integration of technologies, such as artificial intelligence (AI), machine learning (ML), and blockchain, is improving the security, transparency, and efficiency of sports betting operations. AI algorithms are used to provide personalized betting experiences and predictions, while blockchain technology ensures secure and transparent transactions. Additionally, live streaming and in-play betting features are increasing engagement by allowing bettors to place wagers during live events. These technological innovations not only attract a wider range of users by offering convenience and accessibility but also retain them through improved betting experiences and a variety of betting options.
Acceptance and Sports Popularity:
The growing acceptance of sports betting as a form of entertainment is positively influencing the market. This acceptance is driven by the increasing popularity of sports, which creates a natural market for sports betting. Major sporting events and professional leagues in sports, such as soccer, basketball, and cricket, garner immense attention and offer lucrative opportunities for betting. In addition, strategic marketing and sponsorship deals between betting companies and sports teams or leagues are helping to normalize sports betting and embedding it into the sports culture. This symbiotic relationship enhances the visibility of betting platforms while also benefiting the sports entities through sponsorships and partnerships, creating a mutually beneficial ecosystem.
Innovations in Betting Offerings and User Experience:
The continuous innovation in betting offerings and the focus on enhancing user experience are propelling the market growth. Betting companies are constantly introducing new types of bets, such as prop bets, and expanding their coverage to less traditional sports and even e-sports, appealing to a broader and more diverse audience. Moreover, the development of user-friendly interfaces, easy navigation, and improved user service is enhancing the betting experience. Personalization is another key aspect, with platforms using data analytics to offer customized recommendations and promotions tailored to individual user preferences and betting history. These innovations make the betting experience more engaging and enjoyable for users, leading to higher retention rates and attracting new individuals who seek a more sophisticated and varied betting landscape.
Leading Companies Operating in the Global Sports Betting Industry:
888 Holdings PLC
Bet365 Group Ltd.
Bet-at-home.com AG (BetClic Everest Group S.A.S.)
Betfred USA Sports
Betsson AB, DraftKings Inc.
Entain plc
Flutter Entertainment plc
International Game Technology PLC
Kindred Group plc
Sportech PLC
TwinSpires (Churchill Downs Incorporated)
Sports Betting Market Report Segmentation:
By Platform:
Offline
Online
Online accounts for the majority of the market share due to its convenience, accessibility, and the widespread availability of internet services.
By Betting Type:
Fixed Odds Wagering
Exchange Betting
Live/In Play Betting
Pari-Mutuel
eSports Betting
Others
Fixed odds wagering holds the biggest market share attributed to the straightforward and easy-to-understand betting options, attracting a broad base of bettors.
By Sports Type:
Football
Basketball
Baseball
Horse Racing
Cricket
Hockey
Others
Football represents the largest segment as it is the most popular and widely followed sport globally, with a massive fan base interested in betting.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific dominates the market, driven by the growing internet penetration and increasing adoption of mobile betting.
Global Sports Betting Market Trends:
The growing incorporation of augmented reality (AR) and virtual reality (VR) technologies in sports betting is offering a favorable market outlook. These technologies are improving the betting experience by offering immersive and interactive environments. AR and VR enable bettors to feel as if they are physically present at a sporting event, enhancing their engagement and providing a more realistic context for their bets. This technological advancement not only attracts tech-savvy individuals but also enriches the overall experience, making betting more appealing and exciting.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
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Fading Deficit at DraftKings Inc Emerges as Fourth Quarter of 2023 Earnings Season Unveils Promising Results https://csimarket.com/stocks/news.php?code=DKNG&date=2024-02-16212036&utm_source=dlvr.it&utm_medium=tumblr
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Funding in Second Half of 2014
As the year comes to an end Goodman Lantern summarised venture and angel funding in various sectors reported by VentureBeat. The clear winner is E-commerce based on its growth in Asia:
Wearables: $10m
Web hosting: $15m
Internet of Things (IoT): $17.8m
eHealth: $21.4m
Rentals / Travel: $21.8m
Games: $30m
Social Media: $40m
Betting / Fantasy Sports: $43.7m
Recruitment: $44m
Digital Subscription: $115.7m
Platforms: $123.1m
Streaming: $150.5m
Video / Music / Streaming: $173.8m
Ecommerce: $300m
December
Video / Music / Streaming: Musx overhauls its streaming music app, raises $500K December 10, 2014 3:00 AM | Tom Cheredar
Video / Music / Streaming: SoundCloud reportedly raising another $150M to join the $1B valuation club
Rentals / Travel: VaycayHero grabs $2.8M to take the pain out of vacation rentals
Digital Subscriptions: Next Issue raises $50M to become a Netflix for digital magazines
November
Ecommerce: Rocket Internet’s Amazon clone Lazada secures $250M Digital Subscriptions: Pluto TV takes $13M for its free linear TV streaming serviceYoubetme
Betting / Fantasy Sports: Youbetme grabs $2.7M to help you keep track of all your bets
Ecommerce: Ecommerce juggernaut Bigcommerce nabs $50M
eHealth: Florida-based Modernizing Medicine has raised $15 million of a $20 million round to support the development and marketing of its cloud-based, specialty-specific electronic health records (EHR) platform.
October
Digital Subscription: Roku raises $25 million amid growing competition from Amazon and Google
Digital Subscription: Cratejoy grabs $4M to give anyone their own monthly subscription service
Wearables: Atlas raises $1.1M to power its Motion Genome Project, a motion database for wearables
September
Wearables: Pristine grabs $5.4M to cure the doctor shortage and save lives with Google Glass
Digital Subscription: Application delivery platform startup PowWow has raised a new $2.5 million round of funding today to help businesses work from mobile devices.
Video / Music / Streaming: Video startup JW Player has raised a fresh $20 million round of funding to grow beyond its status as one of the most used non-YouTube video players.
Social Media: Snowball Finance (Xueqiu in Chinese), the Chinese finance-focused social media site, announced that the company has raised $40 million in Series C funding led by Renren Inc. and joined by existing investor MorningSide Ventures. The company raised a Series A funding of US$10 million last year, and $3.2 million in 2011.
Video / Music / Streaming: Feed.fm picks up $1.2M to inject music into your marketing campaignMoney
August
Video / Music / Streaming: Streaming music service 8tracks has secured $1.28 million in new funding, according to an SEC Form D filed today.
Wearables: Ybrain just raised $3.5 million to further development of its Alzheimer’s treating healthcare wearable.
Web Hosting: Wikia, a web hosting company of community-based websites for fans of movies, bands, games, and other subjects, has brought on $15 million in fresh funding.
Platform: Glassbeam just raised $2 million to expand its SCALAR machine data analytics platform.
Platform: Lumiata raises $5M to further its optimized medical-care analytics
Betting / Fantasy Sports: DraftKings grabs $41M for its cash-rewards fantasy football league
Platform: Product-management platform Wizeline raises $6.7M
Platforms: Financial planning company, FeeX, just raised $6.5 million to help more consumers save money on hidden investment fees.
Recruitment: Resumator grabs $15M because investors can’t get enough recruiting software
Recruitment: Popular recruiting software, The Resumator, landed $15 million to expand internally and externally.
Rentals / Travel: Airport car-rental service RelayRides just received $10 million in funding to push expansion and fuel app development.
eHealth: Acupera pulls in $4M to help health providers better understand their patients. Acupera’s system mines data from electronic health records, medical claims, and lab results to help doctors and nurses better care for their patients.
IoT: The Internet of Things heats up with CyberLightning landing $4.2 million funding for global expansion.
Platform: Investment management platform Axial has raised a new $11 million round of funding, the startup announced today.
Platforms: Online meal delivery service Foodpanda has raised a fresh $60 million round of funding, the company announced today.
Platforms: Quettra gets $2.9M in new funding to give advertisers more customer dataFunding daily cat
July
Video / Music / Streaming: Today, FameBit has announced that it has completed a $1.4 million seed round of funding, which will help it scale its team and give more YouTubers the opportunity to make money off their creativity.
eHealth: Healthy-living photo community PumpUp raises $2.4M in seed funding July 24, 2014 11:07 AM | Brenda Barron PumpUp, a fitness social network for primarily women, just raised $2.4 million in seed funding with General Catalyst Partners leading the round.
Platform: Movius raises $13M to give BYOD users multiple phone lines, split billing on one device. The company plans to use the money to take its two core products global.
Games: Mobile game maker, Social Point, just received $30 million in funding in a round led by Highland Capital Partners Europe.
Digital Subscription: Online graphic design tool, Canva, raised $3.6 million more in funding and announced plans for third-party integration. Digital Subscription: Speaktoit raises $2.6M to build an army of ‘personal assistants’. The company develops what an “intelligent companion,” which acts like Apple’s Siri but operates across devices and comes with a face. Platform: Vision Critical raises $16M in additional funding. Vision Critical receives $16 million more in funding to expand its customer intelligence platform.
IOT: Smart climate control maker tado° secures $13.6 million to fuel global expansion.
Recruitment: Jobandtalent recruitment platform raises $14 million more in funding.
Rentals / Travel: Montreal-based bus-ticket booking company Busbud has pulled in $9 million in a Series A round of funding, it announced today.
Digital Subscription: Cloud Engines, the company behind Pogoplug, raised another $2 million in funding for its cloud storage service.
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Earnings Results: DraftKings stock rallies on surprise profit more upbeat full-year sales forecast as new sports-betting customers roll in
Earnings Results: DraftKings stock rallies on surprise profit, more upbeat full-year sales forecast, as new sports-betting customers roll in
https://ift.tt/2AVwhWi
Shares of DraftKings Inc. rallied after the online sports-betting platform reported a surprise second-quarter profit and raised its full-year sales forecast.
via MarketWatch.com - Top Stories https://ift.tt/qcpC9LT
August 03, 2023 at 04:39PM
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Fantasy Sports Market Expected to Reach $48.6 Billion by 2027
lobal Opportunity Analysis and Industry Forecast, 2021–2027
POTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, UNITED STATES, August 13, 2021 /EINPresswire.com/ -- Some of the key players analyzed in the fantasy sports market analysis includes Dream Sports, DraftKings Inc., Fantacalcio, FanDuel (Flutter Entertainment), Rotoworld, FantasyPros, Rotowire, Fantrax, Sportech Inc., and NFL Fantasy.
According to a new report published by Allied Market Research, titled, “Fantasy Sports Market by Sports Type, Platform, and Demographics: Opportunity Analysis and Industry Forecast, 2021–2027,” the global fantasy sports market size was $18.6 billion in 2019, and is projected reach $48.6 billion by 2027, registering a CAGR of 13.9% from 2021 to 2027
Fantasy sports are online gaming platforms where participants manage and draft virtual teams of real professional sports players. Users compete against the fantasy teams of each other people, over an entire sports league or season. Users that scores maximum points wins money based on the performance of the real professional sports players.
Ask for sample copy of this report >>> https://www.alliedmarketresearch.com/request-sample/6833
The rapid expansion of the fantasy sports industry has been well supported by investment from investors around the world. Investors around the world continued to show interest on sports fantasy platforms. For instance Dream11 a fantasy sports platform in India received funding of about $100 Million in a Series D funding round in the year 2018 led by Chinese investment holding company Tencent. On the similar lines, Halaplay raised $5 billion in Series A funding led by Kae Capital and Nazara Technologies. Similarly, FanDuel has received collective funding of more than $400 million. DraftKings, a sports fantasy platform launched in 2012 has raised close to $900 million and is now valued at more than $2 billion. The continued investment from investors aids in the fantasy sports market growth with better product offerings from different platforms.
The fantasy sports platforms remains niche in the developing nations of Asia-Pacific and Latin America region. According to an in-house survey, more than 58% respondents in the regions have incorrect information about the fantasy sports. Furthermore, one in four people were unaware about such platforms. Though a lot of expenditure is incurred by the fantasy sports platforms, lack of awareness and right information remain a major hurdle for the engaged stakeholders in the industry.
The emergence of COVID-19 has negatively disrupted the global fantasy sports market with leagues and tournaments either been called off or shifted to last month of 2020 or to the next year, i.e. 2021. The deferral of sports events has led to widespread losses for the engaged stakeholders. Nevertheless, with the resuming of sports activities in the last quarter of this year, the market is expected to recover slightly; however, a major rebound is projected to be witnessed next year onwards.
@ Request For Customization>>> https://www.alliedmarketresearch.com/request-for-customization/6833?reqfor=covid
The fantasy sports market is segmented into sports type, platform, demographics and region. By sports type, the global market is classified into football, baseball, basketball, hockey, cricket, and others. By platform, it is bifurcated into website, and mobile application. By demographics, the fantasy sports market is divided into under 25 years, 25 to 40 years and above 40 years. By region, the market is analyzed across North America, Europe, and Rest of World. The market is evaluated based on the user expenditure on fantasy sports platforms.
Key Findings Of The Study
By region, North America dominates in terms of the fantasy sports market share and is expected to retain its dominance during the forecast period.
By sports type, the fantasy football segment led in terms of market share, in 2019; however, the fantasy cricket segment is expected to gain market share in the upcoming years.
By platform, the mobile application segment accounted for about three-fourths share of the fantasy sports market in 2019 and is poised to grow at the highest CAGR during the forecast period.
By demographics, the under 25 years segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 15.9% during the fantasy sports market forecast period.
By region, rest of World is anticipated to grow with robust CAGR of 18.2% during the forecast period.
Interested in Procuring this Report? Visit Here >>> https://www.alliedmarketresearch.com/purchase-enquiry/6833
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DKNG Stock Price | DraftKings Inc. Stock Quote (U.S.: Nasdaq) | MarketWatch
DKNG Stock Price | DraftKings Inc. Stock Quote (U.S.: Nasdaq) | MarketWatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit http://www.marketwatch.com or the quote page for more information about this breaking news.
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#DKNG#DKNG analyst estimates#DKNG analyst recommendations#DKNG earnings estimates#DKNG ratings#DKNG share estimates#DraftKings Inc. analyst estimates#DraftKings Inc. analyst ratings#DraftKings Inc. analyst recommendations#DraftKings Inc. earnings estimates
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ड्राफ्टकिंग्स नेटवर्क अब सैमसंग टीवी प्लस पर उपलब्ध है
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In collaboration with DraftKings Inc., Harpoon Brewery releases the "Get In The Game" 12-pack, featuring Rec. League
Press Release
Boston, MA, May 9, 2023 – Harpoon Brewery and DraftKings Inc. (Nasdaq: DKNG) announced today the release of a new, limited edition 12-pack in time for the Celtic’s on-going run in the NBA playoffs and the Red Sox resurgence in MLB: a Rec. League Get In The Game! 12-Pack. The co-branded 12-pack, tied to DraftKings’ launch of mobile sports betting in the Commonwealth, is available now at select locations in Massachusetts.
DraftKings’ online sportsbook launched in Massachusetts on March 10, 2023 and is currently the leading mobile operator of the Commonwealth in gross gaming revenue among legal operators, according to the Massachusetts Gaming Commission’s monthly revenue report.
Harpoon’s ties to the local Boston community have been strong since it was founded in 1986 and given brewing permit #001 by the Commonwealth of Massachusetts. For this playoff season, Harpoon will have a pop-up Beer Garden on Canal Street that will be open before every home Celtics playoff game. On Tuesday, May 9th, DraftKings will be joining Harpoon before the Celtics game and will be doing giveaways and hosting a branded photobooth. DraftKings will also have ambassadors on site to help eligible customers sign up for the DraftKings app.
“We believe fans of our beer are tightly tied to the Boston sports community, which is why we’re excited to deliver this special edition packaging for our most athletic brew – Rec. League – ahead of what will hopefully be a long playoff season for the Celtics,” said Dan Kenary, Harpoon CEO and co-founder. “As another iconic Boston-based company, DraftKings was perfect for this special edition 12-pack and we believe they are well aligned with the occasions and sports moments this beer was brewed for.”
Harpoon Rec. League is made with unique ingredients like buckwheat kasha, which contains important minerals and B vitamins; chia seeds that are high in fiber, Omega-3 fatty acids and antioxidants; and Mediterranean sea salt that can act as a powerful source of electrolytes. Coming in at 4.0% ABV and only 120 calories per 12 oz. serving, it provides flavor and drinkability that we think you’ll love.
“Through our relationship with Harpoon Brewery, we were able to come to terms on a distinct marketing opportunity that will give DraftKings the ability to have our logo appear on one of Boston’s favorite beers,” said Jay Danahy, Head of Brand Partnerships and Ad Strategy, DraftKings. “As the leading operator in the state, we look forward to deepening our brand presence in the place we call home.”
Harpoon’s Rec. League and DraftKings 12oz 12-pack cans will be available throughout the state of Massachusetts from May through June. To find it near you, check out the Harpoon beer finder: https://www.harpoonbrewery.com/beer-finder/.
About the Harpoon Brewery
The Harpoon Brewery was founded in 1986 by beer lovers who wanted more and better beer options. When the Brewery was founded, Harpoon was issued Brewing Permit #001 by the Commonwealth of Massachusetts, since it was the first to brew commercially in Boston after a dormant period of about 25 years. Since then, it has expanded to a second brewery in Windsor, VT. Harpoon’s line of craft beer features its award-winning IPA and seasonal beers, along with special limited releases. In 2014, Harpoon became an employee-owned company.
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DraftKings, Inc. (DKNG) Q1 2023 Earnings Call Transcript
DraftKings, Inc. (NASDAQ: DKNG) Q1 2023 earnings call dated May. 05, 2023
Corporate Participants:
Stanton Dodge — Chief Legal Officer
Jason Robins — Co-Founder and Chief Executive Officer
Jason Park — Chief Financial Officer
Analysts:
Shaun Kelley — Bank of America — Analyst
Bernie McTernan — Needham & Company — Analyst
Edward Young — Morgan Stanley — Analyst
Carlo Santarelli — Deutsche Bank —…
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