DraftKings | Jotup

BETR ADDS $15 MILLION IN STRATEGIC EQUITY FINANCING TO FURTHER ACCELERATE ITS SPORTS GAMING AND MEDIA BUSINESSES

Retrieved on:

Wednesday, March 6, 2024

MIAMI, March 6, 2024 /PRNewswire/ -- Betr Holdings, Inc. ("Betr") today announced it has closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation, bringing its total funding to date to $100 million. The round was co-led by Harmony Partners and 10x Capital, with participation from the company's three largest existing investors: Fuel Venture Capital, Aliya Capital Partners, and Roger Ehrenberg/Eberg Capital, alongside others. This round of financing comes off a highly successful 2023 for Betr, where the company reached a significant level of scale – both with respect to paying users and revenue – while doing so efficiently and profitably.

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Betr has also officially received its temporary Indiana sports wagering license from the Indiana Gaming Commission in recent weeks.
Betr also recently announced that it has fortified its senior leadership team, hiring Dan Maas as Head of Media Revenue, Partnerships, and Strategy and hiring Andrew Winchell as Head of Government Affairs.
Dan will lead monetization efforts for Betr Media, positioning Betr's media arm to become a large bona fide revenue-generating business - in addition to the primary benefit Betr Media serves, which is to create unfair customer acquisition economics for Betr Gaming.
"We are thrilled to announce our strategic equity financing, new members of our senior leadership team, and the approval of our temporary Indiana sports wagering license," said Joey Levy, Founder and CEO of Betr.

Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

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Thursday, February 29, 2024

SAN, Intelligence, KYC, Bank, ID, Dell, T-Mobile, Database, Business development, Commerce, GoFundMe, FanDuel, Business, Risk assessment, DraftKings, AT&T, Research, Partnership, Cryptocurrency

This integration allows merchants, especially in industries that require robust KYC such as investing, gaming, trading and financial services, to simplify their customer onboarding process while guaranteeing fast payments.

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This integration allows merchants, especially in industries that require robust KYC such as investing, gaming, trading and financial services, to simplify their customer onboarding process while guaranteeing fast payments.
Trustly, with direct banking integrations, provides instant Open Banking payments with transaction guarantees.
Together, Socure and Trustly's combined capabilities increase conversion rates and shorten user onboarding by up to 5x, according to Trustly's research.
"Combining Open Banking with KYC and screening, greatly enhances the robustness of user onboarding and incorporates a seamless payment solution, providing consumers the ultimate onboarding experience."

World Jai-Alai League Announces Exclusive Sports Drink Partnership with Berri Fit®

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Tuesday, February 27, 2024

Sport, WJAL, Electrolyte, Medicine, DraftKings, Taste, Athlete, Partnership

MIAMI, Feb. 27, 2024 /PRNewswire/ -- The World Jai-Alai League announces its partnership with Berri Organics to offer Berri Fit® as the league's official sports drink sponsor, a partnership that brings a refreshing twist to the league's commitment to excellence and well-being.

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MIAMI, Feb. 27, 2024 /PRNewswire/ -- The World Jai-Alai League announces its partnership with Berri Organics to offer Berri Fit® as the league's official sports drink sponsor, a partnership that brings a refreshing twist to the league's commitment to excellence and well-being.
"Berri Fit® scores big by providing our athletes with a winning hydration strategy," said Scott Savin, chief operating officer of the World Jai-Alai League.
Aside from its delightful taste, Berri Fit® brings a plethora of benefits to the World Jai-Alai League's athletes.
"We are delighted to present Berri Fit® as the official sports drink sponsor of the World Jai Alai League," said Jerome Tse, chief executive officer at Berri Organics.

DraftKings Reaches Agreement to Acquire Jackpocket for $750 Million

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Thursday, February 15, 2024

Acquisition, Gambling, Goldman Sachs, DKNG, Marketing, Adjustment, Cooley LLP, ICAP, DraftKings, LLP, Security (finance), Sullivan & Cromwell, National Council, Oliver Cromwell

“We are very excited to enter the rapidly growing U.S. digital lottery vertical with our acquisition of Jackpocket,” said Jason Robins, Co-founder and CEO of DraftKings.

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“We are very excited to enter the rapidly growing U.S. digital lottery vertical with our acquisition of Jackpocket,” said Jason Robins, Co-founder and CEO of DraftKings.
The Merger Agreement and the Proposed Transaction have been approved by the Boards of Directors of each of DraftKings and Jackpocket, as well as Jackpocket’s stockholders.
Goldman Sachs & Co. LLC served as exclusive financial advisor to DraftKings, and Sullivan & Cromwell LLP served as legal counsel to DraftKings.
The Raine Group served as exclusive financial advisor to Jackpocket, and Cooley LLP served as legal counsel to Jackpocket.

2023 Controller of the Year Awards - Winners Announced by Controllers Council

Retrieved on:

Thursday, February 15, 2024

CFOS, VPS, DraftKings, Controller, Research, Management

CHICAGO, Feb. 15, 2024 /PRNewswire-PRWeb/ -- Winners of the 2023 Controller of the Year Awards have been selected after a nomination period and judging process that began in October 2023. The fourth annual program is produced by the Controllers Council, a member association and community focused on career development, training resources, research, and recognition.

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Winners of the 2023 Controller of the Year Awards have been selected after a nomination period and judging process that began in October 2023.
CHICAGO, Feb. 15, 2024 /PRNewswire-PRWeb/ -- Winners of the 2023 Controller of the Year Awards have been selected after a nomination period and judging process that began in October 2023.
"Controllers and corporate finance executives proved their importance in 2023, and the Controller of the Year Awards brings much deserved recognition to these hard-working individuals", states Neil Brown, Controllers Council Executive Director.
"Controllers and corporate finance executives proved their importance in 2023, and the Controller of the Year Awards brings much deserved recognition to these hard-working individuals", states Neil Brown, Controllers Council Executive Director.

First Pick Labs, Inc., owner of Draft Hero, LLC, Acquires Sideline Software, Inc., the Company Behind MyFantasyLeague.com

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Thursday, February 8, 2024

Internet, Sport, Acquisition, DraftKings, FSTA, API, Name, CBS, Yahoo!, Matthew Berry, Marketing, Fantasy, FFLM, Pro Football Focus, NumberFire, CBSSports.com, ESPN

AUSTIN, Texas, Feb. 8, 2024 /PRNewswire/ -- First Pick Labs, Inc. (First Pick Labs), is excited to announce the acquisition of Sideline Software, Inc., the pioneering company behind MyFantasyLeague.com.

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AUSTIN, Texas, Feb. 8, 2024 /PRNewswire/ -- First Pick Labs, Inc. (First Pick Labs), is excited to announce the acquisition of Sideline Software, Inc., the pioneering company behind MyFantasyLeague.com.
Together they built MyFantasyLeague.com into one of the most popular and respected fantasy football commissioner services.
Kasten started Draft Dynamix, the leader in draft software for fantasy sports (now called Draft Hero) in 2004.
Kasten has been a leader in developing draft software and related tools for fantasy football, earning more FSTA awards than any competing draft software.

Super Bowl Viewers Reject Gambling, Fast-Food

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Thursday, February 8, 2024

Culture, DraftKings, Breeding, FanDuel, Media Group, Super Bowl, Gambling, Bowl game, Food, Sport

FORT LEE, N.J., Feb. 8, 2024 /PRNewswire/ -- Sports betting apps are geared up to spend over $1 billion on Super Bowl-related advertising this weekend — but don't let that number deceive you. According to The American Survey (powered by What If Media Group), 83% of Americans have no interest in any gambling activities related to the big game.

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FORT LEE, N.J., Feb. 8, 2024 /PRNewswire/ -- Sports betting apps are geared up to spend over $1 billion on Super Bowl-related advertising this weekend — but don't let that number deceive you.
While trends in youth gambling are certainly cause for concern, less than 10% of our respondents plan to bet on the Super Bowl through a sports betting app — the same number that will participate in social betting games like "squares."
Equally surprising is that only 24% of viewers intend to order-in food for the occasion.
Though scarfing down boxes of pizza and wings remains a Super Bowl staple for nearly a quarter of our respondents, far more Americans (57%) prefer to watch the broadcast over food prepared at home.

Sports Team & Clubs Market Currently Valued at Approximately $127 Billion as Further Growth Expected

Retrieved on:

Tuesday, February 6, 2024

PALM BEACH, Fla., Feb. 6, 2024 /PRNewswire/ -- Experts say that the global Sports Team and Clubs Market will continue to grow substantially through 2029. A recent report from Mordor Intelligence said that The Sports Team and Clubs Market is valued at about USD 127.75 Billion in the current year and is expected to register a CAGR of 6.85% during the forecast period. (2024-2029). The report said: "In 2022, North America accounted for the largest share of the sports market. The fastest-growing region is expected to be Africa. The market is poised to benefit from robust economic growth projected for a number of developed and developing economies. The major players are Marhuan, Life Time Fitness, Inc., Liberty Media Corporation, Futbol Club Barcelona, and Dallas Cowboys. In the current year, the total revenue of the top 20 revenue-generating clubs was a 13% increase reported by Money League clubs in the previous year and only marginally lower than reported before the COVID-19 pandemic. The rise in revenue was largely due to the return of fans, with matchday revenues rising from last year to the current year after two seasons affected by the pandemic." Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Madison Square Garden Sports Corp. (NYSE: MSGS), Sphere Entertainment Co. (NYSE: SPHR), DraftKings Inc. (NASDAQ: DKNG).

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PALM BEACH, Fla., Feb. 6, 2024 /PRNewswire/ -- Experts say that the global Sports Team and Clubs Market will continue to grow substantially through 2029.
A recent report from Mordor Intelligence said that The Sports Team and Clubs Market is valued at about USD 127.75 Billion in the current year and is expected to register a CAGR of 6.85% during the forecast period.
The market is poised to benefit from robust economic growth projected for a number of developed and developing economies.
Teams and clubs use social media and mobile apps to expand their reach and connect with fans in a more personal way.

Sports Team & Clubs Market Currently Valued at Approximately $127 Billion as Further Growth Expected

Retrieved on:

Tuesday, February 6, 2024

PALM BEACH, Fla., Feb. 6, 2024 /PRNewswire/ -- Experts say that the global Sports Team and Clubs Market will continue to grow substantially through 2029. A recent report from Mordor Intelligence said that The Sports Team and Clubs Market is valued at about USD 127.75 Billion in the current year and is expected to register a CAGR of 6.85% during the forecast period. (2024-2029). The report said: "In 2022, North America accounted for the largest share of the sports market. The fastest-growing region is expected to be Africa. The market is poised to benefit from robust economic growth projected for a number of developed and developing economies. The major players are Marhuan, Life Time Fitness, Inc., Liberty Media Corporation, Futbol Club Barcelona, and Dallas Cowboys. In the current year, the total revenue of the top 20 revenue-generating clubs was a 13% increase reported by Money League clubs in the previous year and only marginally lower than reported before the COVID-19 pandemic. The rise in revenue was largely due to the return of fans, with matchday revenues rising from last year to the current year after two seasons affected by the pandemic." Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Madison Square Garden Sports Corp. (NYSE: MSGS), Sphere Entertainment Co. (NYSE: SPHR), DraftKings Inc. (NASDAQ: DKNG).

Key Points:

PALM BEACH, Fla., Feb. 6, 2024 /PRNewswire/ -- Experts say that the global Sports Team and Clubs Market will continue to grow substantially through 2029.
A recent report from Mordor Intelligence said that The Sports Team and Clubs Market is valued at about USD 127.75 Billion in the current year and is expected to register a CAGR of 6.85% during the forecast period.
The market is poised to benefit from robust economic growth projected for a number of developed and developing economies.
Teams and clubs use social media and mobile apps to expand their reach and connect with fans in a more personal way.

DraftKings to Release Fourth Quarter and Full Year 2023 Results on February 15, 2024 and Host Conference Call on February 16, 2024

Retrieved on:

Friday, January 26, 2024

Q&A, DKNG, DraftKings

BOSTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2023 results after the close of market trading on Thursday, February 15, 2024.

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BOSTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2023 results after the close of market trading on Thursday, February 15, 2024.
DraftKings will host a conference call and audio webcast the following morning, Friday, February 16, 2024, at 8:30 a.m.
To listen to the audio webcast and live Q&A, please visit DraftKings’ investor relations website at investors.draftkings.com .
The audio webcast will be available on the Company’s investor relations website until 11:59 p.m.