DraftKings was founded by former VistaPrint employees Jason Robins, Matthew Kalish, and Paul Liberman. The company originally was operated out of Liberman’s house. The company’s first game was a one on one baseball competition and was designed to coincide with the MLB’s opening day in 2012.
The company operates a fantasy sports website and cell phone app that allows users to place bets on team competition for any team they would like, such as The Miami Dolphins vs The Dallas Cowboys.
In 2014, DraftKings entered into a two-year agreement with the National Hockey League. In 2015, the company entered into a three-year advertising agreement with ESPN.
In January 2020, Sports Illustrated stated that DraftKings had mounting losses and this was the reason behind the push for an IPO.
DraftKings is banned in some states, including Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington.
Headquarters for DraftKings is located in
Attn: Corporate Executives
I bought your stock at $56/share. As of five minutes ago it was selling at 15.80. Shame on all of you. Your incompetent running of this company is destroying portfolios of thousands of people who invested their money and good faith in you. You all need to step down and hire people that know what they are doing. You’re an absolute disgrace.