Full-Time
Updated on 8/12/2026
Online platform for fantasy sports betting
$117.9k - $147.4k/yr
Remote in USA + 1 more
More locations: Boston, MA, USA
Hybrid
Bachelor's
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DraftKings runs an online gaming and entertainment platform that includes daily fantasy sports, sports betting, online casino games, and a marketplace for digital collectibles. Users participate in cash-prize fantasy contests or place bets on events, and the platform handles bets, winnings, and digital-asset transfers within a regulated environment to ensure fairness. The company differentiates itself by offering a broad mix of services—fantasy sports, real-money betting, casino games, and NFTs—on a single platform with strong regulatory compliance. Its goal is to provide a complete, legally compliant entertainment and gaming experience that appeals to sports fans, gamblers, and digital collectors while growing revenue across contests, bets, casino games, and NFT trading.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
2012
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Company Equity
Joel Shulman, founder of ERShares and portfolio manager of the XOVR ETF, says DraftKings is both validating Kalshi's prediction markets business and attempting to capture it. Shulman, who holds stakes in both companies, called the validation "the more important signal". DraftKings recently reported revenue of $1.44 billion, down 5% and missing estimates, though adjusted earnings per share beat expectations. The company disclosed that roughly 600,000 customers have engaged with its predictions product, with annualised volume growing from $2.3 billion in April to $11 billion in July. Shulman noted DraftKings increased sales and marketing spending by 38% to $323 million, whilst average revenue per payer fell 13%. He suggested this indicates a competitive response rather than a temporary shift.
US iGaming news July 2026: World Cup betting records, DraftKings poker expansion and Borgata relaunch. Updated: August 10, 2026, 8:09 AM JustGamblers received reports of record-breaking FIFA World Cup betting activity following the storied event, which saw Spain and Argentina pitched against each other in the final. This game became the most-bet soccer match ever in the United States, while DraftKings launched shared online poker across Michigan, Pennsylvania, and New Jersey, and BetMGM relaunched Borgata Online with an updated casino platform. Elsewhere, Delta and DraftKings launched the free-to-play SkyPicks prediction game for airline passengers. Illinois expanded its gambling disorder prevention and treatment framework, while Google announced broader access to gambling advertising across 16 markets, alongside stricter certification requirements for advertisers. TL;DR: July 2026 US iGaming news. * | 2026 World Cup broke US betting records: Sportsbooks reported unprecedented soccer betting activity, with the Spain-Argentina final setting records at Caesars and BetMGM. * 🃏 DraftKings expanded interstate online poker: Players in Michigan, Pennsylvania, and New Jersey were connected through a shared-liquidity poker network under MSIGA. * | BetMGM relaunched Borgata Online: The long-running New Jersey and Pennsylvania casino brand received a redesigned interface, unified rewards experience, and closer BetMGM integration. * | Delta and DraftKings launched SkyPicks: Airline passengers gained access to a free sports prediction game offering prizes without deposits, wagering, or financial risk. * | Illinois expanded gambling disorder protections: Senate Bill 2749 incorporated gambling disorder into the state's Substance Use Disorder Act and expanded prevention, education, treatment, and recovery initiatives. * | Google updated its gambling advertising policies: Google expanded gambling and social casino advertising access through Ad Manager across 16 additional markets while announcing stricter Google Ads certification requirements. BetMGM relaunched Borgata Online with updated casino platform. BetMGM relaunched Borgata Online in New Jersey and Pennsylvania with an updated interface, redesigned navigation, and closer integration with the wider BetMGM ecosystem. The relaunch marked the latest evolution of one of the longest-running regulated online casino brands in the US, with Borgata launching in New Jersey in November 2013. The refreshed platform introduced a unified Rewards Hub that combines promotions, Borgata Rewards Points, and MGM Rewards tier status, along with easier access to account balances, recently played games, and favorites. Borgata Online offered around 4,000 casino games, including 250 exclusive titles and live dealer games, with additional Borgata-branded releases planned throughout 2026. The relaunch was also supported by Fourth of July weekend events and promotions at Borgata Hotel Casino & Spa in Atlantic City. DraftKings launched shared online poker network across three states. DraftKings launched a shared online poker network connecting players in their largest online gambling markets: Michigan, Pennsylvania, and New Jersey, allowing users across the three states to compete at the same tables and in common tournament fields. The expansion went live on July 8 following approval from the Michigan Gaming Control Board (MGCB). The network operates through the Multi-State Internet Gaming Agreement (MSIGA), which allows participating jurisdictions to share online poker liquidity. Combining players across three states gives DraftKings a significantly larger player pool, helping fill tables, support larger tournaments and prize pools, and provide more games across different stakes and formats. DraftKings became the second operator to connect Michigan players through a multi-state network in 2026, following the launch of PokerStars through FanDuel in April. 2026 FIFA World Cup became record-breaking event for US sportsbooks. The 2026 FIFA World Cup generated record sports betting activity across the United States, with multiple operators describing the tournament as the largest or most heavily wagered soccer event in their histories. The expanded 48-team, 104-match tournament benefited from North American-friendly kickoff times and extensive live betting, with DraftKings reporting that wagering significantly exceeded expectations and Caesars Sportsbook recording strong activity across futures, event markets, and same-game parlays. The July 19 final between Spain and Argentina provided a record-breaking conclusion. Spain's 1-0 extra-time victory became the largest soccer betting event in Caesars' history, with handle nearly 65% above its previous record match, while BetMGM reported that the final was its most-bet soccer match ever by both tickets and handle. BetMGM also recorded more bets on the match than on any individual game of the 2025 World Series, 2026 NBA Finals, Stanley Cup Final, or March Madness tournament. Delta and DraftKings launched free in-flight sports prediction game. Delta Air Lines and DraftKings launched SkyPicks, a free-to-play sports prediction game available to passengers through Delta Sync Wi-Fi. The product allowed travelers aged 21 and older to make predictions on sporting events from their personal devices, beginning with MLB and with NFL contests planned for the upcoming season. Players competed for Delta gift cards through individual contests and monthly leaderboards. SkyPicks incorporated sportsbook-style mechanics without allowing passengers to wager money, make deposits, or incur any financial risk. This distinction was important because federal law prohibits gambling aboard commercial aircraft. The structure also addressed concerns previously raised by US Senator Richard Blumenthal after Delta first announced its collaboration with DraftKings in 2025. Passengers could access the game using an existing DraftKings account or create one while flying. Since this new product circumvents real-money sports betting, there is no need for geofencing or geolocation technology. Illinois expanded gambling disorder treatment under state addiction law. Illinois Governor JB Pritzker signed Senate Bill 2749 into law, formally incorporating gambling disorder into the state's Substance Use Disorder Act. The legislation expanded Illinois' existing addiction framework to cover gambling-related prevention, treatment, education, research, recovery support, and rehabilitation, recognizing gambling disorder as a public health issue alongside other forms of addiction. The law gave the Illinois Department of Human Services (IDHS) responsibility for coordinating a statewide strategy and called for greater collaboration between government agencies, healthcare providers, schools, nonprofits, and treatment professionals. It also expanded gambling education in schools, professional training to identify gambling-related harm, and crisis intervention services. IL online sportsbooks and other mobile gambling platforms will be required to prominently display treatment information provided by IDHS. Google expanded gambling advertising reach while tightening certification rules. Google announced updated Gambling and Games rules for Google Ads effective September 14. Advertisers will face expanded certification requirements, with Google considering licensing status and an advertiser's history of policy compliance. Operators with repeated violations or poor compliance records could be denied certification or lose existing approval, while agencies managing multiple advertising accounts will also face greater scrutiny. Separately, Google announced changes to its gambling advertising policies that expanded access to gambling and social casino advertising across 16 additional markets while introducing stricter certification requirements for Google Ads advertisers. The Google Ad Manager expansion, scheduled to take effect on August 10, covered markets including Canada, Australia, Brazil, Germany, Sweden, and the United Kingdom. Updated: 4 hours ago About the writer. Angela Zillich Angela has worked in different creative roles over the years, regularly freelancing as a content writer. Over the past five years, she has worked closely with Patrik Lidin, learning the ins and outs of iGaming, specifically product testing for online casino and sports betting. At JustGamblers, Angela handles testing, research, and writing, as well as media for all content on JustGamblers.com and its social media channels, including photos, videos, and voice recordings.
New York sports betting revenue hits record high as bettors lose big in July. New York sports betting achieved unprecedented revenue figures in July, sports betting gamblers experienced significant losses during this period, contributing to record-breaking operator revenues that defied typical summer seasonality trends. The surge came as World Cup betting activity drove exceptional wagering volumes during a traditionally slower period for the industry. At this time, major operators capitalized on the heightened engagement, with FanDuel and DraftKings leading the competitive landscape. The New York Gaming Commission reported eight online sportsbooks generated gross revenue of USD 214.40 million from a USD 1.88 billion handle in July. This 11.4% hold represented more than double June's rate, when operators faced challenging market conditions. The performance marked the first time operators produced at least USD 200 million in gross revenue during July since wagering launched in January 2022. Sportsbooks captured over USD 97 million more in July compared to June, driven by back-to-back weeks of at least USD 63 million in profits. Year-over-year revenue spiked 37.8%, demonstrating significant growth from the previous July's performance. The double-digit win rate combined with substantial wagering volume helped the Empire State collect USD 109.30 million in tax revenue for the month. As a result of the strong July performance, the year-to-date tax revenue total surpassed USD 725 million. The recovery from June's lower hold percentage demonstrated operator ability to capitalize on favorable betting outcomes during a period when World Cup action supplemented traditional summer sports offerings. New York sports betting operators benefited from improved margins while maintaining substantial handle figures throughout the month. World Cup betting drives unprecedented summer action. The 2026 FIFA World Cup served as the primary catalyst for July's exceptional performance. Hosted across the United States, Mexico, and Canada, the tournament featured 48 teams competing in 104 matches throughout the month. Spain defeated Argentina 1-0 in the final on July 19 at New York New Jersey Stadium, with Ferran Torres scoring in the 106th minute after a 0-0 regulation draw. Hard Rock Bet Senior Vice President Neil Walsh characterized the event's magnitude, stating the World Cup represented "the equivalent of 10 Super Bowls" and called it "the biggest betting event in American history". Caesars Sportsbook reported the final generated handle nearly 65% higher than the company's previous tournament record. In fact, the match set new Caesars records for total handle, total wagers, and unique bettors. Betting outcomes heavily favored operators. Argentina attracted the bulk of action in both three-way moneyline and To Lift The Trophy markets. The scoreless regulation period eliminated all three-way moneyline bets on either team, while Spain's overtime victory wiped out Argentina futures positions. SuperBook Vice President John Murray described the result as "about our best-case scenario". Circa Sports Director Jeff Benson called it "a nice bonus for what otherwise would be a slow summer". FanDuel and DraftKings lead operator performance. FanDuel and DraftKings maintained their stranglehold on New York sports betting during July's record month. FanDuel dominated bettors behind a 13.2% win rate, generating state-high gross revenue of USD 86.10 million on a USD 651.20 million handle, double what the operator made in June. DraftKings led all online New York sports betting operators for the second consecutive July with a USD 661.50 million handle, while its 11% hold generated USD 72.90 million in gross revenue, second among the state's operators. The two platforms command 44% and 34% of the market respectively, holding approximately 80% of the U.S. sports betting market combined. DraftKings holds about 32% market share nationally. Fanatics fell just shy of a double-digit hold, but the online sportsbook won USD 21.10 million in July, a 129% month-over-month increase, on over USD 221.00 million in wagers. BetMGM won back 11.3% on a USD 138.30 million handle, while Caesars reached a hold of 9.3% on USD 122.60 million in wagers. The competitive landscape demonstrated clear separation between the market leaders and secondary operators during the World Cup-driven betting surge.
DraftKings and FanDuel insist prediction markets are having minimal impact on their sportsbooks, despite significant stock declines. DraftKings shares have fallen roughly 50% over the past year, whilst FanDuel parent Flutter Entertainment has dropped close to 69%. Both companies missed earnings expectations this week. DraftKings maintained its full-year guidance, but Flutter cut its profit forecast by 22%. Despite this, shares rose following second-quarter results—DraftKings up around 6% and Flutter up over 2% by mid-afternoon Friday. DraftKings reports "no discernible impact" from prediction markets, with only 1% customer overlap with the largest prediction-market operator in legal sports betting states. FanDuel has seen a "low single-digit" impact. Both companies launched their own prediction-market platforms late last year, focusing on states without legal sports betting. DraftKings says its platform is "growing faster than anticipated".
DraftKings reported second-quarter revenue of $1.44 billion, missing the $1.52 billion consensus estimate and down 5% year over year. The company attributed the shortfall to customer-friendly sporting outcomes and higher promotional spending. Adjusted earnings of nine cents per share beat expectations. The earnings call focused heavily on prediction markets, with CEO Jason Robins later accusing rival platforms on CNBC of "spinning narratives that just aren't true." DraftKings disclosed that roughly 600,000 customers have used its predictions product, with annualised volume growing from $2.3 billion in April to $11 billion in July. The company claims only 1% customer overlap with the largest prediction market operator in sportsbook states. Prediction markets allow DraftKings to reach customers in states where sportsbooks remain blocked, though regulatory uncertainty persists.