DraftKings (NASDAQ: DKNG) shares are slightly lower premarket after the company announced the launch of its online Sportsbook in Arizona.
Arizona becomes the 14th state where the sportsbook is available.
Using the app, Arizona sports fans age 21 and over can place wagers on betting markets across professional, collegiate and other sports leagues.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The announcement comes following the launch of DraftKings’ daily fantasy product, which saw more than 90,000 contest entries in the first 12 days.
“With the launch of our digital sportsbook coinciding with NFL kickoff, the busiest and most exciting time of the year for our company, we could not have imagined a better time to introduce Arizona’s sports fans to the DraftKings experience,” said Matt Kalish, co-founder and president of DraftKings North America.
“We would also like to thank the PGA TOUR, TPC Scottsdale, as well as Governor Doug Ducey and his team, Representative Jeff Weninger, Senator T.J. Shope, the Arizona state legislature, and the Arizona Department of Gaming for working together to further fan engagement across sports. We look forward to becoming the sportsbook of choice for Arizonans across the state,” added Kalish.
DraftKings shares are down 0.32% premarket at $63.19. However, its stock price has gained 36.15% so far in 2021.
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