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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 Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino.The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service.
DraftKings was founded in 2012. [41] [43] Following venture capital investments from various firms, including from professional sports leagues such as MLB and the National Basketball Association (NBA), [40] DraftKings and FanDuel launched an aggressive marketing campaign prior to the 2015 NFL season. [39]
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The leading online gaming firm, FanDuel, became the official gaming partner of the National Football League, Major League Baseball and the National Basketball Assn.; DraftKings, the No. 2 provider ...
In November 2022, an arbitrator ruled that Fox Corporation had an option to acquire an 18.6% stake in FanDuel for $3.7 billion, based on a valuation of $20 billion, with the price increasing by 5% for each year of the 10-year option. [27] [28] In July 2023, the company announced that Fox Bet will shut down by the end of August 2023. [29]
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