DraftKings

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesFederal prosecutors on Thursday announced criminal charges against an 18-year-old Wisconsin man for a scheme to hack and sell access to user accounts of the sports betting site DraftKings.The man, Joseph Garrison, is accused of working with others to steal about $600,000 from approximately 1,600 victim accounts during the November…

Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others entered the fast-growing market. Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others…

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesShares DraftKings surged Friday morning after the sports-betting company reported stronger-than-expected revenue and raised its outlook for 2023.The stock closed 15% higher at $20.54, giving it a market value of $8.39 billion.related investing newsThe bump came on the heels of DraftKings being the most downloaded sportsbook app in…

The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston.David L. Ryan | The Boston Globe via Getty ImagesDraftKings is eliminating 140 jobs, or about 3.5% of its workforce, as part of a reorganization.The stock rose about 3% on Thursday.The sports betting giant said it is increasingly focused on making its operations more efficient."We are constantly evaluating our teams to ensure they are best positioned to meet our company goals in 2023 and…

Zoom In IconArrows pointing outwardsMolson Coors and Draft KingsMolson Coors is teaming up with online sports betting company DraftKings in a marketing campaign that allows viewers to place wagers on the beer company's upcoming Super Bowl commercial, the companies said Monday.The partnership marks Molson Coors' return to the Super Bowl after a hiatus of 33 years, according to the company. Molson Coors, which makes Coors Light and Miller Lite, said it has been unable to advertise during the game since 1989 due to an…

The Chicago-based company had long been kept out of the Super Bowl because rival Anheuser-Busch InBev BUD -1.79% NV had exclusive rights to be the sole alcohol brand to be featured during the game, which it gave up last year. In anticipation of its return, Molson recently ran print, online and outdoor ads asking consumers which of its two light beers—Miller Lite or Coors Light—deserves the brewer’s coveted Super Bowl spot. The buildup has been part of an elaborate Super…

Sports betting is a huge industry that ranges from completely informal conversations before games to serious transactions with high stakes. With how easy it is to bet on games online, more people than ever before are looking to try their hand at making some extra cash via their keen sporting intuition. If you're interested in potentially making some money via sports betting, then one of the quickest and easiest ways to do that is through DraftKings. Follow the steps below to learn everything you need to know about…

Buffalo Bills players huddle and pray after teammate Damar Hamlin collapsed on the field after making a tackle against the Cincinnati Bengals. Photo: Dylan Buell/Getty Images…

Draft Kings had to put some accounts on ice last month after hackers breached users’ funds through a ‘credential surfing attack.’Photo: Sean M. Haffey (Getty Images)New details about a hack from last month show that tens of thousands of users happily gambling away on DraftKings may have had their personal information stolen thanks to account info purchased off the sports gambling site. In a letter dated Dec. 16 that was apparently sent to users that was first-reported by BleepingComputer, the company said 67,995 people…

Smaller sportsbooks like MaximBet and Fubo Gaming have shut down amid mounting industry challenges. Just a few years ago, the sports-betting industry was flying high. Fresh off a Supreme Court ruling that allowed sports wagering to expand beyond Nevada, one state after another legalized it, investors poured money in and roughly 50 sportsbooks popped up aiming to cash in on the frenzy. Now, a growing number of the services are shutting down, and the industry's future looks uncertain. In a crowded, hyper-competitive…