DraftKings’ top line grew by 90% in 2020 while generating $844 million in losses. Raising over a billion in debt and looking forward to a stable sports schedule, is DraftKings poised to have a breakout season? Time will tell if DraftKings will be a steal or a bust. [more]
Score Media and Gaming listed on the NASDAQ and raised $162M to fund its foray into sports betting. As an emerging sector, sports betting has almost doubled in value over the past year. The global sports betting market topped $200B billion in 2020 and growing at almost 10% a year. Investment returns could outstrip revenue gains as the fragmented industry consolidates. [more]
The eSports betting industry is experiencing heightened activity as companies vie for market share, innovate with new software & platforms, and announce IPOs, financings, and M&A activities. [more]
DraftKings has been vertically integrating its business and SBTech will further support DraftKings through backend technology capabilities for digital betting. [more]
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