About DraftKings
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel. In May 2018, amid the widening legalization of sports betting in the United States, DraftKings began to expand into online and retail sportsbooks to leverage its brand awareness and customer base. DraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company, and special-purpose acquisition company Diamond Eagle Acquisition Corp in April 2020. Draft Kings is known as one of the biggest sportsbooks and holds a big portion of the market share in the economy. Draft kings is legal in 26 states as of December of 2025
Investors & Backers
DraftKings has received investment from 2 venture capital firms.
Courtside Ventures
Redpoint Ventures
Full portfolios: Redpoint Ventures portfolio
Frequently Asked Questions
What does DraftKings do?
DraftKings Inc. is an American gambling company based in Boston, Massachusetts.
Who invested in DraftKings?
DraftKings has received investment from Courtside Ventures, Redpoint Ventures. These venture capital firms and investors provide both capital and strategic support.
When was DraftKings founded?
DraftKings was founded in 2012 and is headquartered in Boston, Massachusetts.
What sector is DraftKings in?
DraftKings operates in the Consumer sector. DraftKings Inc. is an American gambling company based in Boston, Massachusetts.
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Company Details
- Sector
- Consumer
- Headquarters
- Boston, Massachusetts
- Founded
- 2012
- Status
- Active
