Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

DraftKings Bounces After N.Y. OKs Mobile Sports Betting

Published 01/07/2022, 12:36 PM
Updated 01/07/2022, 12:37 PM
© Reuters

By Sam Boughedda

Investing.com — Shares of DraftKings Inc (NASDAQ:DKNG) have climbed over 4.5% following news on Thursday evening that the N.Y. State Gaming Commission has approved four mobile sports betting operators to accept and process sports betting activity.

The four companies, which include DraftKings, FanDuel, Caesars (NASDAQ:CZR) Sportsbook and Rush Street Interactive, can begin operations on Saturday at 9 AM ET. 

Ahead of the announcement, DraftKings had already told investors it would begin operations in New York on Saturday.

Jason Robins, CEO, co-founder and chairman of the board of DraftKings, said in yesterday's press statement: "We are excited to finally be able to offer millions of passionate New York sports fans the top rated DraftKings mobile and online Sportsbook."

 "We want to extend a special thanks to Governor Hochul, Senator Addabbo, Assemblyman Pretlow, the New York Gaming Commission along with the tireless efforts of our dedicated DraftKings team for making this a reality."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.