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DraftKings Bounces After N.Y. OKs Mobile Sports Betting

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By Sam Boughedda

Investing.com — Shares of DraftKings Inc (NASDAQ:DKNG) have climbed over 4.5% following news on Thursday evening that the N.Y. State Gaming Commission has approved four mobile sports betting operators to accept and process sports betting activity.

The four companies, which include DraftKings, FanDuel, Caesars (NASDAQ:CZR) Sportsbook and Rush Street Interactive, can begin operations on Saturday at 9 AM ET.

Ahead of the announcement, DraftKings had already told investors it would begin operations in New York on Saturday.

Jason Robins, CEO, co-founder and chairman of the board of DraftKings, said in yesterday's press statement: "We are excited to finally be able to offer millions of passionate New York sports fans the top rated DraftKings mobile and online Sportsbook."

"We want to extend a special thanks to Governor Hochul, Senator Addabbo, Assemblyman Pretlow, the New York Gaming Commission along with the tireless efforts of our dedicated DraftKings team for making this a reality."

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