DraftKings reinforces its commitment to responsible gaming with new initiatives and funding during Problem Gambling Awareness Month.
Quiver AI Summary
DraftKings Inc. is marking Problem Gambling Awareness Month (PGAM) by enhancing its commitment to Responsible Gaming with several initiatives. The company is renewing its State Council Funding Program, which has allocated over $2 million to support state councils focused on problem gambling, including a new distribution of $500,000 this year. Additionally, DraftKings celebrates the one-year anniversary of its My Stat Sheet tool, which allows players to track and reflect on their gaming behaviors; this tool has already seen significant engagement among its users. DraftKings is also launching a national advertising campaign dedicated to responsible gaming, investing over $10 million to promote informed play ahead of major sports events, reinforcing its message of responsible gaming practices.
Potential Positives
- DraftKings is reaffirming its commitment to Responsible Gaming by renewing its State Council Funding Program, which has previously provided over $2 million to support nationwide educational campaigns and resources.
- The introduction of the My Stat Sheet tool, which offers players personalized insights into their gaming behavior, has resulted in significant user engagement, with nearly half of all players having interacted with it within its first year.
- The company is launching a national Responsible Gaming advertising campaign with an investment of over $10 million, aimed at raising awareness about responsible gambling practices, particularly during a peak sports event period.
Potential Negatives
- The press release emphasizes DraftKings' need to reinforce its commitment to Responsible Gaming, which could imply past shortcomings in addressing gambling addiction or responsible gaming practices.
- The allocation of over $2 million to state councils for responsible gaming initiatives could be viewed as a reactive measure to external pressures rather than a proactive approach to corporate social responsibility.
- The mention of enhancing resources and tools like My Stat Sheet and the national campaign suggests ongoing concerns about player behavior, highlighting that issues related to problem gambling remain significant enough to warrant substantial investment and public messaging.
FAQ
What is DraftKings doing for Problem Gambling Awareness Month?
DraftKings is launching initiatives and a national advertising campaign focused on Responsible Gaming and renewing its State Council Funding Program.
What is the My Stat Sheet tool?
My Stat Sheet provides players with personalized insights into their gaming behavior, helping them track their time spent and financial activity.
How much funding is DraftKings providing to state councils?
This year, DraftKings will distribute over $500,000 to 34 U.S. state problem gambling councils to support their initiatives.
What is included in the Responsible Gaming advertising campaign?
The campaign includes a $10 million commitment, with ads emphasizing setting limits and making informed choices during major sports events.
How does DraftKings promote responsible gaming overall?
DraftKings offers various tools like deposit limits, alerts, self-exclusion options, and resources through its dedicated RG Center.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DKNG Insider Trading Activity
$DKNG insiders have traded $DKNG stock on the open market 37 times in the past 6 months. Of those trades, 0 have been purchases and 37 have been sales.
Here’s a breakdown of recent trading of $DKNG stock by insiders over the last 6 months:
- PAUL LIBERMAN (See Remarks) has made 0 purchases and 12 sales selling 2,031,386 shares for an estimated $83,425,716.
- MATTHEW KALISH (See Remarks) has made 0 purchases and 11 sales selling 1,007,585 shares for an estimated $45,271,234.
- JASON ROBINS (See Remarks) has made 0 purchases and 5 sales selling 869,802 shares for an estimated $37,419,009.
- R STANTON DODGE (Chief Legal Officer) has made 0 purchases and 5 sales selling 392,969 shares for an estimated $17,504,300.
- ALAN WAYNE ELLINGSON (Chief Financial Officer) has made 0 purchases and 4 sales selling 164,542 shares for an estimated $6,984,333.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DKNG Hedge Fund Activity
We have seen 343 institutional investors add shares of $DKNG stock to their portfolio, and 473 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC added 9,352,019 shares (+31346.8%) to their portfolio in Q4 2024, for an estimated $347,895,106
- FMR LLC added 7,150,382 shares (+110.6%) to their portfolio in Q4 2024, for an estimated $265,994,210
- BAILLIE GIFFORD & CO added 6,633,458 shares (+inf%) to their portfolio in Q4 2024, for an estimated $246,764,637
- FRED ALGER MANAGEMENT, LLC removed 2,860,154 shares (-61.6%) from their portfolio in Q4 2024, for an estimated $106,397,728
- POINT72 ASSET MANAGEMENT, L.P. added 2,372,661 shares (+79.4%) to their portfolio in Q4 2024, for an estimated $88,262,989
- CITADEL ADVISORS LLC added 2,198,447 shares (+32.4%) to their portfolio in Q4 2024, for an estimated $81,782,228
- ALYESKA INVESTMENT GROUP, L.P. removed 2,189,303 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $81,442,071
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOSTON, March 05, 2025 (GLOBE NEWSWIRE) -- This Problem Gambling Awareness Month (PGAM), DraftKings Inc. (Nasdaq: DKNG) is reinforcing its commitment to Responsible Gaming through a series of initiatives and key milestones. The company is renewing its State Council Funding Program to further support nationwide resources, marking the one-year anniversary of its industry-first My Stat Sheet tool, and launching a national Responsible Gaming focused advertising campaign to raise awareness for responsible play.
"At DraftKings, Responsible Gaming is fundamental to our mission, and we are committed to making tools, resources, and education available to all our players to help them play responsibly," said Lori Kalani, Chief Responsible Gaming Officer at DraftKings. "Through initiatives like My Stat Sheet, which provides players with their personalized play data, and our new national awareness campaign, we’re reinforcing the importance of responsible play. Additionally, with the renewal of our State Council Funding Program, we’re continuing to support organizations that expand access to resources and education for players, their families, and communities."
State Council Funding Program Renewal
Originally launched in 2022, the DraftKings State Council Funding Program has provided over $2 million to state councils and affiliates of the National Council on Problem Gambling (NCPG) to support educational campaigns, training programs, and resources nationwide. This year, the company will distribute over $500,000 to 34 U.S. state problem gambling councils, including those in states where it does not operate.
Funding has supported numerous initiatives, such as:
California Council on Problem Gambling:
Improved their helpline with an AI-powered report featuring 15 years of filterable data, launched howtoexclude.org as a potential national standard, and produced a 36-minute Responsible Gaming video.
Louisiana Association on Compulsive Gambling:
Upgraded facilities and programs at the Center of Recovery-CORE, a treatment facility offering free support to Louisiana residents.
Maryland Council on Problem Gambling:
Developed 10 infographics for a marketing campaign and expanded outreach capacity in key service areas.
North Carolina Council on Problem Gambling:
Provided literature and support materials for individuals and families, upgraded computer systems, and began redesigning their website to strengthen resources for their all-volunteer team.
A Year of Impact With My Stat Sheet
Launched in 2024, My Stat Sheet—an industry-first feature—offers players personalized insights into their gaming behavior with intuitive charts and data. Just one year after launch, nearly half of all DraftKings players have visited My Stat Sheet, with 13 million unique total visits to date, underscoring its impact in promoting informed gaming and responsible play. Similar to providing consumers screen time or fitness tracking, My Stat Sheet gives DraftKings’ players a detailed view of time spent, deposits, withdrawals, contest participation, wagers, and net wins or losses. Players can review their stats across different timeframes, promoting reflection on their play, and complementing the other tools and resources available in DraftKings’ RG Center.
Recent enhancements have given My Stat Sheet a refreshed look, offering improved breakdowns by product (Sportsbook, Casino, and Daily Fantasy) and new insights into deposits and withdrawals, making it even easier for players to track their activity.
National Responsible Gaming Advertising Campaign
DraftKings is launching a national Responsible Gaming advertising campaign during Problem Gambling Awareness Month, backed by a commitment of over $10 million to amplify its message and reach a broader audience. Developed with branding support from the NFL and NBA, the ad emphasizes the importance of setting limits and making informed choices. Airing ahead of the NCAA men’s and women’s basketball tournaments, the ad is expected to reach millions of viewers, reinforcing responsible play and promoting sports betting as entertainment strictly for adults.
Beyond these efforts, DraftKings continues to offer a suite of RG tools, including deposit and wager limits, alerts and reminders, cooling-off periods, and self-exclusion options. To learn more about DraftKings’ Responsible Gaming initiatives and resources, please visit the
RG Center
.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit 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’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C., and in Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in three states under its Golden Nugget Online Gaming brand. DraftKings owns Jackpocket, the leading digital lottery app in the United States. DraftKings’ daily fantasy sports product is available in 44 states and certain Canadian provinces. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our games responsibly.
Media Contact:
media@draftkings.com
@DraftKingsNews
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
