The allegations came to light in November 2020 when Sports Handle published a 2,700-word exclusive feature on DraftKings’ business relationship with Eric Stevens, the VIP customer based in Jacksonville. The settlement, which became public late last week, stems from a 2020 case involving messenger betting activities of a Florida customer with an account in the Garden State. 18, DraftKings agreed to pay a $150,000 civil penalty to the state of New Jersey under a stipulation of settlement with the state’s attorney general. In an ironic twist, the presentation concluded hours before the company began to deal with the fallout from settlement of a troubling, months-long investigation. In recent weeks, DraftKings CEO Jason Robins has gushed about his sportsbook’s performance in New Jersey, which has already exceeded his expectations for attaining profitability under the company’s state playbook methodology.Īt an annual Investor Day presentation on March 3, DraftKings disclosed that its operations in New Jersey generated $68 million in contribution profit in Fiscal Year 2021, making it one of only five states where the company turned a profit last year.
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