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New Jersey becoming the first legal mobile sports betting operator in the state.2, since launching in, new Jersey, DraftKings has opened mobile sports betting operations.Indiana, Pennsylvania, West Virginia and opened in, new Hampshire, december 30, 2019 after reaching contract with the.
3 4 Retail sports betting is available in Iowa, Mississippi and New York.5 DraftKings Sportsbook mobile and retail sports betting products allow bettors in each state engage in betting for most major.S.As of April 2016, the majority.S.States consider fantasy sports (including daily fantasy sports) a game of skill and not gambling.6 In November 2016, FanDuel and DraftKings, the two largest companies in the daily fantasy sports industry, reached an agreement to merge.
However the merger was terminated in July 2017 due to it being blocked by the Federal Trade Commission as the combined company would have controlled a 90 percent of the market for daily fantasy sports.As of July 2017, DraftKings had eight million users.7 8 In April 2020, DraftKings became a publicly traded company through a reverse merger with a special-purpose acquisition company.Citation needed Contents History edit DraftKings was established in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, former Vistaprint employees.9 The company initially operated out of Liberman's house.9 The company's first product was a one-on-one baseball competition, launched to coincide with Major League Baseball 's opening day in 2012.
9 In July 2012, the company announced its first outside funding,.4 million investment led by Ryan Moore of Cambridge-based venture firm Accomplice, along with other investors.10 In April 2013, Major League Baseball invested an undisclosed amount in DraftKings, becoming the first US professional sports organization to invest in daily fantasy sports.The investment was not disclosed at the time.11 In November 2013, the company received 24 million of Series B funding from a group of investors including Redpoint Ventures, Accomplice, BDS Venture Fund, GGV Capital and Jordan Mendell.