Arizona Becomes 44th State Launch for DraftKings Daily Fantasy as National Expansion Continues
August 27 2021 - 7:30AM
DraftKings Inc. (Nasdaq: DKNG) today announced its daily fantasy
sports product is set to go live in Arizona on Saturday, August 28,
pending regulatory approval, which would make Arizona the 44th
state to offer DraftKings Daily Fantasy Sports. DraftKings offers
several contests for professional, collegiate and international
leagues and supports the broadest selection of sports categories in
the industry including popular NFL, NBA and MLB contests and other
fan favorites that Arizona customers, 21 and over, will be able to
experience for the first time ever.
“There is no better time of the year to launch
our leading daily fantasy sports app than ahead of the NFL season,”
said Matt Kalish, co-founder and president of DraftKings North
America. “We’re excited for the opportunity to provide Arizona
sports fans with the thrill of having some skin-in-the-game as we
head into what we expect to be the busiest time of the year for our
company.”
Daily Fantasy Sports require contest
participants to draft a team across multiple games by selecting
players by position listed in the available Player Pool while
remaining under the designated salary cap.
Additionally, as part of DraftKings’ ongoing
commitment to environmental initiatives and in collaboration with
the Arbor Day Foundation, this weekend DraftKings is hosting an
earth-themed $500 free-to-play pool open to all Arizona customers,
to support DraftKings’ goal of planting 1 million trees by Earth
Day 2022. For every entry, one tree will be planted locally at
Canyon de Chelly, an area greatly affected by degradation.
DraftKings offers customers multiple different fantasy game
variants:
- Showdown Contests –require players to draft a
team from a single game, round or match all while staying under the
designated salary cap. Showdown is particularly popular among fans
for marquee events like the Super Bowl and World Series who tune in
around the globe to watch the action unfold. For NFL and NBA
contests, DraftKings also enables In-Game Showdown so fans can
construct lineups for a portion of the game after it has
begun.
- Classic Contests – require
participants to draft a team across multiple games by selecting
players by position listed in the available Player Pool while
remaining under the designated salary cap. Classic is a popular
option for fans during regular season games.
- DraftKings Leagues – the first ever offering
where customers can create fully-customizable, private contests
just for their friends or colleagues.
- Best Ball with snake drafts – a game variant
with streamlined drafts, enabling customers to lock in player
selections at the start of the season. Utilizing the “snake draft”
format, pick order is reversed for each individual round.
Arizona sports fans can get in on the action by visiting
www.draftkings.com or downloading the DraftKings app via iOS or
Android.
About DraftKingsDraftKings Inc. is a digital
sports entertainment and gaming company created to fuel the
competitive spirit of sports fans with products that range across
daily fantasy, regulated gaming and digital media. Headquartered in
Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul
Liberman, DraftKings is the only U.S.-based vertically integrated
sports betting operator. DraftKings is a multi-channel provider of
sports betting and gaming technologies, powering sports and gaming
entertainment for operators in 17 countries. DraftKings’ Sportsbook
is live with mobile and/or retail betting operations in the United
States pursuant to regulations in Colorado, Illinois, Indiana,
Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York,
Oregon, Pennsylvania, Tennessee, Virginia and West Virginia.
DraftKings’ daily fantasy sports product is available in 7
countries internationally with 15 distinct sports categories.
DraftKings is the official daily fantasy partner of the NFL, MLB,
NASCAR, PGA TOUR and UFC as well as an authorized gaming operator
of the NBA and MLB, an official sports betting partner of the NFL,
an official betting operator of PGA TOUR and the official betting
operator of UFC. Launched in August 2021, DraftKings Marketplace is
a digital collectibles ecosystem designed for mainstream
accessibility that offers curated NFT drops and supports
secondary-market transactions. DraftKings also owns Vegas Sports
Information Network, Inc. (VSiN), a multi-platform broadcast and
content company.
Forward-Looking StatementsCertain statements
made in this release are “forward looking statements” within the
meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
DraftKings’ control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. For a discussion of additional risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see DraftKings’ Securities and
Exchange Commission filings. DraftKings does not undertake any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Media Contact
media@draftkings.com
@DraftKingsNews
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