## Overview of DraftKings Inc. DraftKings Inc. is a pioneering American company at the intersection of sports, technology, and entertainment, best known for its digital sports betting and daily fantasy sports (DFS) platforms. Headquartered in Boston, Massachusetts, DraftKings has grown from a startup launched in a Watertown apartment to a publicly traded powerhouse, reshaping how fans engage with sports through innovative digital experiences[1][2][3]. ## What DraftKings Does DraftKings operates a leading online sportsbook and DFS platform, allowing users to place bets on live sporting events and participate in daily or weekly fantasy contests. The company’s offerings have expanded to include casino games and other iGaming products, making it a vertically integrated provider in the U.S. sports entertainment market[2]. Its technology-driven approach leverages data analytics and user-friendly interfaces to deliver an immersive experience for sports fans. ## History and Evolution Founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman—former VistaPrint executives with a passion for fantasy sports—DraftKings began by focusing on DFS, quickly gaining traction with savvy marketing and rapid user growth[1][3]. By 2014, it was the second-largest DFS provider, bolstered by acquisitions like DraftStreet and a $41 million Series C funding round[1][3]. The 2018 U.S. Supreme Court decision to repeal the Professional and Amateur Sports Protection Act (PASPA) opened the door for legal sports betting, and DraftKings swiftly expanded into this new market[1]. ## Key Achievements DraftKings’ milestones include going public in April 2020 via a $3.3 billion reverse merger with Diamond Eagle Acquisition Corp. and SBTech, trading under the ticker DKNG on the Nasdaq[1][2][3]. This made it the first vertically integrated pure-play sports betting and online gaming company based in the U.S