The doorway from the elevators, designed to resemble a tunnel coming into a stadium, is pictured on the new DraftKings workplace in Boston on March
The doorway from the elevators, designed to resemble a tunnel coming into a stadium, is pictured on the new DraftKings workplace in Boston on March 25, 2019.
David L. Ryan | The Boston Globe through Getty Photos
Shares of DraftKings rose sharply on Monday after the sports activities gaming firm introduced an settlement with sports activities leisure big ESPN.
As a part of the settlement, DraftKings would be the unique supplier of day by day fantasy sports activities and a co-exclusive companion for playing link-outs from ESPN, the corporate mentioned. DraftKings content material will likely be built-in into ESPN’s digital choices and studio reveals, in line with the announcement.
DraftKings’ inventory jumped greater than 12% following the announcement. The inventory was barely destructive for the session round noon previous to the information. Monetary phrases of the deal weren’t disclosed.
“We stay up for this collaboration to completely showcase DraftKings’ day by day fantasy content material and choices whereas additionally advancing additional visibility and mainstream adoption of our regulated sports activities betting merchandise,” CEO Jason Robins mentioned in a launch.
Shares of DraftKings have now gained greater than 160% since going public by a merger in April. The acquire has come regardless of main U.S. sporting occasions being postponed in the course of the top of the pandemic restrictions.
The final huge transfer within the inventory got here earlier this month when it named Michael Jordan as a particular advisor to the board of administrators.
Disney-owned ESPN holds broadcast rights to many of the main U.S. sports activities, together with the NBA and the NFL’s Monday Evening Soccer. U.S. sportsbooks have been gearing up for top demand for betting final weekend, which noticed the return of the NFL and playoff video games for the NBA and NHL.