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 Pictures
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 accomplice for playing link-outs from ESPN, the corporate stated. DraftKings content material will probably be built-in into ESPN’s digital choices and studio exhibits, in line with the announcement.
DraftKings’ inventory jumped greater than 17% following the announcement. The shares have been barely destructive for the session round noon earlier than the information. Monetary phrases of the deal weren’t disclosed.
“We sit 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,” DraftKings CEO Jason Robins stated in a launch.
Shares of DraftKings have now surged greater than 170% 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 coronavirus pandemic restrictions.
The final massive transfer within the inventory got here earlier this month when the company named Michael Jordan as a special advisor to the board of administrators.
Disney-owned ESPN holds broadcast rights to a lot 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 high betting demand final weekend, which noticed the return of the NFL and playoff video games for the NBA and NHL.
