Shares of DraftKings, the daily fantasy and sports betting company, are up more than 16% on Monday after the company announced a new partnership with sports entertainment giant ESPN.
DraftKings becomes the exclusive provider of daily fantasy sports and co-exclusive gambling partner of ESPN, the company announced on Monday.
Although the financial details of the deal have not been disclosed, DraftKings can now integrate its products and offerings on ESPN’s digital platforms and studio shows, the announcement said.
DraftKings stock was up more than 16% on Monday’s news, adding to its memorable run despite major US sporting events being delayed for months during the height of the coronavirus pandemic.
Shares of DraftKings are now up more than 160% since going public in April through a reverse merger with specialty takeover company Diamond Eagle.
Despite DraftKings going public at a time when there were few live sports to bet on, DraftKings saw a surge in demand from online gamblers betting on everything from video games and a charity golf game to table tennis and Korean baseball.
The stock’s last big move came earlier this month, rising 8% after DraftKings announced that sports legend and NBA Hall of Famer Michael Jordan Forbes estimates has a net worth of $ 1.6 billion to join the board of directors.
What you should pay attention to
Wall Street analysts are quite bullish on the stock, which is currently trading at just over $ 47 a share. According to data from Bloomberg, eleven analysts (65%) give it a buy rating, while only six give it a hold rating.
ESPN helped revolutionize the 24/7 sports news cycle and remains the source of the latest and greatest sports stories for many fans today, said Jason Robins, CEO of DraftKings in a statement. press release. We look forward to this partnership to exclusively showcase DraftKings daily fantasy sports content and offerings while promoting the visibility and widespread acceptance of our regulated sports betting.
ESPN, which is owned by parent company Walt Disney, has broadcast rights to most major American sports, including the NBA and NFL’s Monday Night Football. Saw American sportsbooks high demand for betting last weekend, thanks to the return of the NFL and playoff games for the NBA and NHL.
DraftKings shares are skyrocketing thanks to bets on table tennis and Korean baseball (Forbes)
NBA Great Michael Jordan tapped as a consultant, co-owner of Sports Bettings DraftKings (Forbes)
What do people bet on with the most sports on Hiatus? Try Russian table tennis, Korean baseball, and more (Forbes)
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]