DraftKings, FanDuel to Reward Billions in Contest Prize Money in 2015

Written by:
Aaron Goldstein
Published on:
DraftKings, FanDuel to Reward Billions in Contest Prize Money in 2015

Leading Daily Fantasy Sports sites Draftkings and FanDuel are prepared to dole out billions in prize money this year.

The news comes as DraftKings announced it had secured another $300 million in funding on Monday. 

The financing round includes investments from Fox Sports, Major League Baseball, the NHL and Major League Soccer, as well as Legends Hospitality (owned by the New York Yankees and Dallas Cowboys) and The Madison Square Garden Company (owner of the Knicks and Rangers). The Kraft Group, which owns the New England Patriots and Revolution, invested in a prior round.

DraftKings says it will reward $1 billion in prize money.  FanDuel says it will reward $2 billion. 

FanDuel has raised $363 million from the likes of global investment firm KKR and Google Capital, as well as media partners Time Warner, NBC Sports Ventures and Comcast Ventures. FanDuel also has some NFL investors, but it has not disclosed who they are.

- Aaron Goldstein, Gambling911.com

Gambling News

Central European Panel Discussion at CEEGC2018 Budapest to be Moderated by Dr. Robert Skalina

With just 64 days left until the third edition of the Central and Eastern Europen Gaming Conference and Awards will kick off, the organizer are anticipating the 3rd sold out event in their portfolio this year.

MGM Turns to Never-Tested Law to Sue Vegas Shooting Victims

The unprecedented move from MGM Resorts International to sue hundreds of victims of last year’s mass shooting in Las Vegas using an obscure U.S. law never tested in court has been framed by the casino-operator as an effort to avoid years of costly litigation — but the legal maneuver may not play out that way.

Roulette Dealer Fighting for Life Following Stabbing in Casino

Roulette Dealer Fighting for Life Following Stabbing in Casino

The Mirror has posted photos of a roulette dealer who nearly lost his life after being stabbed by a gambler as others watched in horror.

Sports Book Hollywood Casino Tunica

Sports betting is now permitted in the great state of Mississippi.  The Hollywood Casino in Tunica could soon have a sports book.  Mississippi won't have online sports wagering any time soon though

LeoVegas Exceeds 2018 Q2 Expectations

LeoVegas, the number one ranked online casino group for its live dealer offerings, has exceeded second quarter expectations for 2018.