Launched from Paul Liberman's Watertown apartment in 2012 to offer daily fantasy baseball contests, DraftKings seized the watershed May 2018 Supreme Court repeal of PASPA to transform into a multi-billion dollar digital gaming leader.
DraftKings operates an integrated B2C digital gaming and entertainment business model. It generates revenue from: Online Sportsbook (operator hold percentage on sports wagers), iGaming (net gaming revenue from online slots, blackjack, and roulette), Daily Fantasy Sports (tournament entry commission fees), Digital Lottery (ticket processing convenience fees via Jackpocket), and Media/Advertising (sponsorships, podcast distribution, and affiliate marketing).