What is DraftKings?

DraftKings is a digital sports entertainment and gaming company known primarily for its daily fantasy sports (DFS) contests. It allows users to enter into various competition formats to create virtual teams of actual players from professional sports leagues. The performance of these players in real games determines the outcomes in the fantasy competitions, with participants competing for cash prizes and other rewards. Founded in 2012, DraftKings has since expanded its offerings to include sports betting, following the relaxation of gambling laws in the United States, as well as a variety of casino games in states where it's legal. The company's growth reflects the increasing popularity of interactive, skill-based gaming experiences across a growing digital audience.