DraftKings' visibility during the upcoming NFL season is expected to skyrocket after the sportsbook inked a deal to become one of three official sports betting companies for the league.
Ezra Kucharz, chief business officer at DraftKings, said the deal was a natural expansion of the great relationship the two businesses already have.
"I think you'll start to see a lot more content integrated into our platform [like] us being able to do some interesting promotional things with the league around sports betting and allows us to also work with a bunch of our team partners on sports betting," he told Cheddar.
Caesars Entertainment and FanDuel also inked sportsbook deals with the league.
Kucharz said fans in states that are home to NFL teams and offer legal sports betting, can expect DraftKings to offer unique contests and competitions.
New York Governor Andrew Cuomo is expected to sign legislation legalizing online and mobile sports betting in the state. Kucharz said he welcomes the new market and expects people to fully embrace legal online sports betting.
"First off I want to say thank you to Governor Cuomo for making this a reality with the members of the state houses, and we're coming forward on something here. Right now, I think there's a lot in flux, and it still needs to be determined," he said. "We look forward to those next steps with the state, and we're hopeful that those things will come here in the coming months."
While sports betting is limited to just a few states across the country, Kucharz said DraftKings will be ready to operate wherever betting is opened up. He pointed to New Jersey as a model for other states considering digital sports betting legalization.
"We operate in 12 states already as an online operator. We've already deployed a scalable platform and operations that can scale across multiple states. Don't forget that every state has kind of got different requirements. Our tech stack does that well," Kucharz added.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
