{"id":136815,"date":"2020-05-26T11:30:15","date_gmt":"2020-05-26T18:30:15","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=136815"},"modified":"2020-05-26T12:58:26","modified_gmt":"2020-05-26T19:58:26","slug":"draftkings-could-tap-new-growth-frontiers-with-in-game-betting","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/","title":{"rendered":"DraftKings Sees Lucrative In-Game Betting Market Emerging, Baseball, Others Viewed as Possible Catalysts"},"content":{"rendered":"

DraftKings (NASDAQ: DKNG) stock is soaring again Tuesday, a move helped by CEO Jason Robins saying the newly public company could realize significant opportunity going forward in the potentially lucrative in-game betting market.<\/p>\n

\"DraftKings
DraftKings CEO Jason Robins, seen here with Amazon CEO Jeff Bezos in February 2019, sees big opportunities in in-game wagering. (Image: Twitter)<\/figcaption><\/figure>\n

In an interview with Barron’s<\/i>, <\/i>Robins said bolstering live wagering offerings is a top priority for his company. DraftKings is already a player in in-game betting circles. Last year, DraftKings rolled out a related product coinciding with Wimbledon, while inking a live wagering accord with the NBA<\/a>. Robins sees slower-moving sports, such as soccer and baseball, as ripe for more in-game action.<\/p>\n

In the U.K., in-game is about 75% of the revenues at sports books, and here\u2019s it\u2019s much lower,\u201d he said in the Barron’s <\/i>interview. \u201cYou can bet on almost anything in an EPL (English Premier League soccer) game, including who will get the next yellow card. Arguably, US sports like baseball are better built for this because of the stoppage in play.\u201d<\/p><\/blockquote>\n

In a normal sports environment, football, basketball, and baseball are the most wagered-on sports in the US, with the likes of golf, soccer, and tennis falling into the \u201cother\u201d category. But some industry observers view in-game wagering as an avenue for boosting the profiles<\/a> of less-popular sports.<\/p>\n

Already Testing It<\/h2>\n

DraftKings is proactive in its approach to in-game betting. The company aired live odds during \u201cThe Match\u201d charity golf competition<\/a> over the weekend. Tiger Woods and Peyton Manning topped Phil Mickelson and Tom Brady by one hole in an event that was more popular among bettors than the typical golf tournament.<\/p>\n

Some Las Vegas sportsbooks said betting volume on \u201cThe Match\u201d was comparable to a lower tier NFL regular season or a top flight NBA game.<\/p>\n

\n

For DraftKings, \u201cThe Match,\u201d which was held at Medalist Golf Club in Jupiter, Florida, was its biggest golf event to date, generating double the handle of its next-highest golf competition, according to Barron’s<\/i>. That’s likely contributing to a better than six percent gain for the stock today.<\/p>\n<\/div>\n

With the MLB season slated to start in early July, followed by several golf and tennis majors later this year, DraftKings should have more opportunities to test live betting products.<\/p>\n

Solid Outlook<\/h2>\n

Earlier this month, when DraftKings delivered its first earnings reports following its April initial public offering (IPO), the company said it was encouraged by the outlook for 2021<\/a>, noting that it didn’t foresee lingering impacts from the coronavirus trickling into next year.<\/p>\n

Robins made similar remarks in the Barron’s<\/i> interview, saying next year’s sports calendar should be healthy enough that $700 million in revenue is achievable<\/strong>.<\/p>\n

That number could be topped if sports betting catches on in some newer markets where DraftKings is operational, such as Colorado, and if the company can fast-track entry into other states, namely Illinois. DraftKings stock is higher by 66 percent over the past month.<\/p>\n","protected":false},"excerpt":{"rendered":"

DraftKings (NASDAQ: DKNG) stock is soaring again Tuesday, a move helped by CEO Jason Robins saying the newly public company could realize significant opportunity going forward in the potentially lucrative in-game betting market. In an interview with Barron’s, Robins said bolstering live wagering offerings is a top priority for his company. DraftKings is already a […]<\/p>\n","protected":false},"author":46,"featured_media":136817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\nDraftKings Could Tap New Growth Frontiers With In-Game Betting<\/title>\n<meta name=\"description\" content=\"DraftKings stock continues soaring as CEO Jason Robins said in-game betting could be the next big thing for the sportsbook operator.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DraftKings Could Tap New Growth Frontiers With In-Game Betting\" \/>\n<meta property=\"og:description\" content=\"DraftKings stock continues soaring as CEO Jason Robins said in-game betting could be the next big thing for the sportsbook operator.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-26T18:30:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-26T19:58:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/\",\"url\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/\",\"name\":\"DraftKings Could Tap New Growth Frontiers With In-Game Betting\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg\",\"datePublished\":\"2020-05-26T18:30:15+00:00\",\"dateModified\":\"2020-05-26T19:58:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"DraftKings stock continues soaring as CEO Jason Robins said in-game betting could be the next big thing for the sportsbook operator.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg\",\"width\":1200,\"height\":900,\"caption\":\"DraftKings CEO Jason Robins, seen here with Amazon CEO Jeff Bezos in February 2019, sees big opportunities in in-game wagering. (Image: Twitter)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sports Betting\",\"item\":\"https:\/\/www.casino.org\/news\/sportsbetting\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"DraftKings Sees Lucrative In-Game Betting Market Emerging, Baseball, Others Viewed as Possible Catalysts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"DraftKings Could Tap New Growth Frontiers With In-Game Betting","description":"DraftKings stock continues soaring as CEO Jason Robins said in-game betting could be the next big thing for the sportsbook operator.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/","og_locale":"en_US","og_type":"article","og_title":"DraftKings Could Tap New Growth Frontiers With In-Game Betting","og_description":"DraftKings stock continues soaring as CEO Jason Robins said in-game betting could be the next big thing for the sportsbook operator.","og_url":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-05-26T18:30:15+00:00","article_modified_time":"2020-05-26T19:58:26+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/","url":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/","name":"DraftKings Could Tap New Growth Frontiers With In-Game Betting","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg","datePublished":"2020-05-26T18:30:15+00:00","dateModified":"2020-05-26T19:58:26+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"DraftKings stock continues soaring as CEO Jason Robins said in-game betting could be the next big thing for the sportsbook operator.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/jr2-1.jpg","width":1200,"height":900,"caption":"DraftKings CEO Jason Robins, seen here with Amazon CEO Jeff Bezos in February 2019, sees big opportunities in in-game wagering. (Image: Twitter)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/draftkings-could-tap-new-growth-frontiers-with-in-game-betting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Sports Betting","item":"https:\/\/www.casino.org\/news\/sportsbetting\/"},{"@type":"ListItem","position":3,"name":"DraftKings Sees Lucrative In-Game Betting Market Emerging, Baseball, Others Viewed as Possible Catalysts"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/136815"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=136815"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/136815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/136817"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=136815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=136815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=136815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}