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What We Should Know Now That Draftkings Went Public, Colts $10K Super Bowl Bet

Written by:
Ean Lamb
Published on:
Apr/28/2020

DraftKings Inc. went public on Friday despite there being little in the way of any sports.  So where do we go from here?


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Draftkings received a market value of more than $6 billion after going public through a blank-check company merger — a nontraditional route to becoming a public company for a very nontraditional company.

DraftKings DKNG, -6.55% launched in 2012 with a single, daily fantasy-sports product, which allowed enthusiasts to make bets on players’ performance in a range of sports. Something of a virtual gold rush followed for DraftKings and rival FanDuel. DraftKings gobbled up hundreds of millions in investments and spent big bucks on marketing partnerships with National Football League and others.

According to the William Hill Sportsbook, someone bet $10,000 on the Colts, at 45/1 odds. If the Colts win the Super Bowl, that’s a payout of $460,000.

The Colts have since signed quarterback Philip Rivers, traded for defensive tackle DeForest Buckner, and drafted running back Jonathan Taylor. Their odds have fallen to 25/1.

Other significant wagers were placed on the Bills at 35/1 ($6,000) and the Titans at 40/1 ($4,000). The bets will pay out $216,000 and $164,000, respectively.

- Ean Lamb, Gambling911.com

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