Skip to main content

Market Overview

Why DraftKing's Stock Is Trading Higher Today

Share:
Why DraftKing's Stock Is Trading Higher Today

DraftKings Inc. (NASDAQ: DKNG) shares are trading higher after the company announced it has become the PGA Tour's official betting operator.

"By becoming the first to join the TOUR's Official Betting Operator program, DraftKings will have rights in the United States to use PGA TOUR trademarks, rights to advertise within TOUR media and TOUR partner platforms, plus content and video rights allowing DraftKings' Sportsbook solution to create pre-game and post-game betting programming, as well as the distribution of highlights to users who have placed bets," according to the press release.

DraftKings is a digital sports entertainment and gaming company. The firm provides users with daily fantasy sports, sports betting, and iGaming opportunities.

DraftKing's stock was trading up 2.52% at $36 per share on Tuesday. The company has a 52-week high of $44.79 and a 52-week low of $9.76.

 

Related Articles (DKNG)

View Comments and Join the Discussion!

Posted-In: PGA Tour why it's movingNews Contracts Sports General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com