4/2/2022

Draftkings Nevada

Dec 30, 2019 The latest US gambling news includes DraftKings' merger with SBTech, a landmark handle in Nevada, and a federal bill to help tribes offer online sports betting.

DraftKings Announces Sponsorship of Gaming Innovation Studio at University of Nevada, Las Vegas

In Nevada, you can bet at land-based sportsbooks as well as online through websites and mobile apps connected to the sportsbooks. DraftKings is not yet live with sports betting in the state. DraftKings has been interested in operating in Nevada for nearly five years.

Draftkings las vegas nevada
Oct. 28, 2020

DraftKings Announces Sponsorship of Gaming Innovation Studio at University of Nevada, Las Vegas
Agreement gives the Company naming rights and ongoing access to local expertise and talent

Boston, MA and Las Vegas, NV – October 28, 2020 – DraftKings Inc. (Nasdaq: DKNG) today announced a multi-year agreement to become a primary sponsor of the Center for Gaming Innovation, housed within the International Gaming Institute (IGI) at the University of Nevada, Las Vegas (UNLV). The agreement includes the opening of the new DraftKings Gaming Innovation Studio at UNLV and provides DraftKings with access to local talent, while furthering the company’s ties to the Las Vegas community.

“We’re excited to be working with the University of Nevada, Las Vegas and its highly regarded International Gaming Institute to further innovate global online gaming,” said Paul Liberman, DraftKings co-founder and President, Global Technology and Product. “Both DraftKings and UNLV are on the leading edge of developing the next wave of technology within the international gaming industry. Through this agreement, DraftKings not only has access to the latest ideas coming out of the Gaming Innovation Studio, but it also allows us to deepen our relationship with the Las Vegas community.”

In January 2020, DraftKings officially announced the opening of a 300-person office in Las Vegas, providing the Company access to some of the gaming industry’s top talent. The agreement with UNLV will create a pipeline to local talent and to innovations created at UNLV, which has a long-standing track record of success in commercializing gaming products, ranging from new games and software to Responsible Gaming technologies. Visitors to UNLV can expect to see new DraftKings Gaming Innovation Studio signage, as well as DraftKings branding, throughout the Stan Fulton Building.

“The creation of the DraftKings Gaming Innovation Studio at UNLV will substantially expand the scope and output of UNLV's gaming innovation program and will provide students the opportunity to collaborate in a professional setting, turning creative ideas into viable casino games,” said Daniel Sahl, Director of IGI’s Center for Gaming Innovation. “Now more than ever, we are delighted to collaborate with a company that is well-known for embracing innovation in gaming. This collaboration will help ensure that Nevada remains the global leader in gaming development and manufacturing – both now and in the future.”

About DraftKings

Draftkings Las Vegas Nevada

DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.

About University of Nevada, Las Vegas International Gaming Institute

For more than 25 years, UNLV International Gaming Institute (IGI) has provided research-based solutions, cutting-edge insights, and executive education to the gaming industry. Described as the “global intellectual capital of gaming” by former Nevada Governor Brian Sandoval and “The Harvard of Gaming” by Global Gaming Business, IGI houses several excellence initiatives, including the Center for Gaming Innovation, the International Center for Gaming Regulation, the Expanding the Leaderverse initiative, and the Hospitality & Esports Innovation Lab. Each of these addresses a vital need in the global gaming industry, for which the IGI serves as an answer center populated by an internationally recognized dream team of contributors. For more information, please visit igi.unlv.edu.

Forward-Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact

We have hit the homestretch of 2019. A new year awaits.

It is a time to look ahead, to make resolutions, to leave the past in the past and move forward.

For some, however, simply putting 2019 in the rearview is not enough; they want to go out with a bang.

DraftKings’ merger makes waves

Turn back the clock to summer 2019, when Legal Sports Reportcaught wind of DraftKings standing on the threshold of a monumental deal.

Now, six months later, that deal has come to fruition.

The daily fantasy sports and sports betting power announced that it was entering into “a definitive business combination agreement” with betting technology provider SBTech and special purpose acquisition company Diamond Eagle Acquisition Corp.

Diamond Eagle already operates as a publicly traded group. Under this deal, Diamond Eagle would take on the DraftKings’ name. As such, DraftKings will become a publicly traded company.

This merger creates the only vertically integrated sports betting and online gaming company in the United States. DraftKings Sportsbook is obviously a major player in the sports betting world with operations open in four states; SBTech has partnerships in five states. DraftKings currently leverages Kambi Group to develop its sports betting platform, but SBTech now provides the company with an in-house solution.

Draftkings Nevada Ban

The deal is expected to close in the first half of 2020.

Nevada sports betting has a mammoth month

For those who thought the Nevada sports betting industry would take a hit because other states were coming online: Think again.

The Silver State took in $614.1 million in wagers during November. It was not only a state record for that specific month but also a state record for any month in Nevada and national legalized sports betting history.

In fact, in no other month prior has a state sports betting industry exceeded $600 million in handle. The previous best for Nevada was $596.8 million, set in March 2019.

This data shows that Nevada remains a heavy hitter amid the ever-expanding world of regulated sports betting. Boasting Las Vegas as a destination certainly helps, as does the existence of online wagering. That said, other states have instituted better and easier ways for users to sign up for betting apps.

Fanduel Nevada

That at least cracks the door open enough for New Jersey and Pennsylvania, each of which features an online market that accounts for more than 84% of their respective state handles.

Congressman proposes tribal sports betting bill

Draftkings in nevada

As states continue to introduce and pass legislation legalizing sports betting, one Congressman has turned his focus toward Native American tribes.

Rep. Anthony Brindisi, from New York, has introduced bill HR 5502, which aims to “remove Federal barriers regarding the offering of mobile sports wagers on Indian lands when the applicable State and Indian Tribe have reached an agreement, and for other purposes.”

While not necessarily needed for tribes to offer online sports betting, it would help clear the air. For example, there is the belief that the federal Indian Gaming Regulatory Act mandates that mobile wagering could only occur via servers existing on tribal lands.

This new legislation, however, would help eliminate such confusion. Per the bill, a wager occurs entirely on tribal lands if:

Draftkings Headquarters

  • The person placing the sports wager and the server or other computer equipment through which the sports wager is accepted is in the same state.
  • The applicable state and Indian tribe have entered into a tribal-state compact under the Indian Gaming Regulatory Act authorizing the placing of sports wagers through interactive sports wagering platforms.

Draftkings In Nevada

New York does not have online wagering available, although stakeholders remain persistent in correcting that; the state does feature retail sportsbooks run by tribes. Tribes also operate brick-and-mortars in Oregon, New Mexico and Mississippi, and Michigan just legalized sports betting that would become available at 23 tribal casinos.