DraftKings provides online daily and weekly fantasy sports contests for cash prizes in major sports. Instead of season-long leagues, the company allows customers to compete in single-day, online fantasy sports contests across a variety of professional sports. DraftKings customers enter contests and make their team selection – athletes are drafted and teams are built according to athletes’ salary valuations, which are based on their unique historical performance data. Players then submit their team before the games begin and contests lock (close). Players earn points based on their in-game performance.
DraftKings offers daily leagues for an array of sports, including golf, MLB, NHL, NFL, and eSports. Jason Robins, Matt Kalish, and Paul Liberman founded DraftKings in 2011, with its headquarters in Boston, Massachusetts. Aside from the U.S. and Canada, the company also offers contests across ten professional sports in the U.K., Malta, Germany, Ireland and Austria.
*Based on Preferred Stock Price, DraftKings does not have a stock symbol since it is currently private and is yet to have an IPO.
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