Tag: draftkings
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Most Gamblers Lose: Just 4% Won Over 5-Year Period In Study
A study looking at more than 700,000 online gamblers over five years shows that very few won money.
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Massachusetts Regulator Partially Defends DraftKings After NYT Report
The Massachusetts Gaming Commission said Thursday that it’s “aware of” a viral New York Times investigation published days earlier about DraftKings’ reported use of A.I. to identify customers likely to lose money and target them with promotions. The MGC defended its regulatory approach while echoing part of DraftKings’ controversial response. MGC Chairman Jordan Maynard said…
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‘Reclusive’ Billionaire Builds Huge Stakes In Flutter, DraftKings
DraftKings and FanDuel compete for U.S. online gamblers, but they also furiously lobby together—and now share one especially large investor you may not have heard of. That billionaire, Kenneth Dart, has quietly built huge stakes across the sector. Americans lost $27 billion to state-sanctioned online gambling in 2025, and losses this year are on pace…
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Philadelphia Slams ‘Woefully Premature’ DraftKings In Lawsuit Reply
The City of Philadelphia has responded to a federal lawsuit from DraftKings over the early stages of an investigation into the online casino and sportsbook’s business practices. In April, Philadelphia subpoenaed DraftKings to investigate advertising directed at city consumers. DraftKings instead filed a lawsuit on July 17. On Sept. 15, Philadelphia responded in a 38-page…
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DraftKings Turned 9/11 Into A Parlay Bet Promotion Three Years Ago
One of the U.S. regulated sports betting industry’s most depraved promotions appeared three years ago, when DraftKings tried to turn the anniversary of 9/11 into a parlay. On Sept. 11, 2023, DraftKings marked the 22nd anniversary of the horrific Sept. 11 attacks with a sports betting promotion called “Never Forget.” Yeah, that really happened. The…
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