DraftKings' visibility during the upcoming NFL season is expected to skyrocket after the sportsbook inked a deal to become one of three official sports betting companies for the league.
Ezra Kucharz, chief business officer at DraftKings, said the deal was a natural expansion of the great relationship the two businesses already have.
"I think you'll start to see a lot more content integrated into our platform [like] us being able to do some interesting promotional things with the league around sports betting and allows us to also work with a bunch of our team partners on sports betting," he told Cheddar.
Caesars Entertainment and FanDuel also inked sportsbook deals with the league.
Kucharz said fans in states that are home to NFL teams and offer legal sports betting, can expect DraftKings to offer unique contests and competitions.
New York Governor Andrew Cuomo is expected to sign legislation legalizing online and mobile sports betting in the state. Kucharz said he welcomes the new market and expects people to fully embrace legal online sports betting.
"First off I want to say thank you to Governor Cuomo for making this a reality with the members of the state houses, and we're coming forward on something here. Right now, I think there's a lot in flux, and it still needs to be determined," he said. "We look forward to those next steps with the state, and we're hopeful that those things will come here in the coming months."
While sports betting is limited to just a few states across the country, Kucharz said DraftKings will be ready to operate wherever betting is opened up. He pointed to New Jersey as a model for other states considering digital sports betting legalization.
"We operate in 12 states already as an online operator. We've already deployed a scalable platform and operations that can scale across multiple states. Don't forget that every state has kind of got different requirements. Our tech stack does that well," Kucharz added.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.
The House of Representatives recently passed a bill aimed at increasing transparency in healthcare.
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Load More