DraftKings Inc. (Nasdaq: DKNG) today announced a multi-year
financial commitment to assist the state councils across the
country providing critical funding which will support the work of
local nonprofit organizations. As part of the new initiative,
entitled The State Council Funding Program, DraftKings has offered
each state council $15,000 per year for three years, a total
overall commitment of $1,575,000 over the span of the three-year
program.
“Having spent several years of my career working
with the state council in my home state, Massachusetts, I have seen
first-hand how these organizations are a tremendous resource for
individuals and families, and serve as a critical stakeholder and
partner for gaming operators,” said Christine Thurmond, Director,
Responsible Gaming. “DraftKings is committed to advancing
responsible gaming in collaboration with state councils across the
U.S. Our hope is that this funding will give councils that extra
support needed to fund priority areas, expand services, or hire
additional staff; whatever is most needed, we want to help
financially.”
The State Council Funding Program may be used at
the broad discretion of each council to bolster services and
programs for individuals and families, and also for council staff,
including applying the funds to trainings, conferences, helplines,
and general capacity building. A state council may also use the
funding to explore the potential for capacity building within
neighboring states without a council presence. The program will
begin a three-year trial in January 2022.
“State councils provide a first line of defense for
addressing the needs of people impacted by problem gambling,” said
Keith Whyte, Executive Director, National Council on Problem
Gambling (NCPG), whose membership includes the 35 State Affiliate
Councils. “While it’s well established that these organizations
provide critical assistance in the community, they don’t always
have the resources and funds to take treatment and prevention to
the next level. This significant initiative by DraftKings shows
their commitment to and knowledge of the importance of the work
state councils provide.”
The State Council Funding Program announcement
comes after an active year for responsible gaming initiatives at
DraftKings. In 2021, DraftKings devoted significant financial
resources and deployed its responsible gaming staff to spearhead
several initiatives including:
- An agreement with the Cambridge Health Alliance, Division on
Addiction, Harvard Medical School to pioneer a systems-based
approach to employee training in responsible gaming.
- A commitment to the American Gaming Association’s public
service campaign Have A Game Plan.® Bet Responsibly™ which teaches
consumers best practices in engaging in sports betting, such as the
importance of only betting with legal, regulated operators and
setting personal limits on play as necessary.
- The expansion of responsible gaming education and marketing
using a broad range of customer touchpoints including email, social
media, DraftKings retail sportsbooks, and across in-stadium assets
including via the Have A Game Plan.® Bet Responsibly™
campaign.
- Multiple financial commitments to support evidence-based
research, including one to the International Center for Responsible
Gaming for a three-year study assessing risk and prevalence of
sports betting problem gaming, and one to the Kindbridge Research
Institute, which is embarking on its 50x4 Vets project at the nexus
of veterans and responsible gaming.
- A comprehensive in-house approach of offering the responsible
gaming team as a key partner to teams across the company.
- Internal investments to strengthen its capacity to promote
responsible gaming for all staff and in front of consumers.
A leader in digital sports entertainment and
gaming, DraftKings is committed to creating inclusive and
responsible pathways for people to build, create, imagine, and
innovate through the DraftKings S.E.R.V.E.S. program, standing for
Service, Equity, Responsibility, Vitality, Entrepreneurship and
Sports. Responsible gaming is a key pillar of the S.E.R.V.E.S.
program and DraftKings’ responsible gaming focus is to protect
consumers with groundbreaking technology, effective staff training,
education and resources for customers, and through the support of
evidence-based research. Additionally, DraftKings tailors its
products to provide customers with a robust set of responsible
gaming tools they need to play responsibly, including limit
setting, cooling-off periods, and self-exclusion, while engaging
with customers across social media and other channels to instill
responsible gaming behaviors.
To learn more about DraftKings’ commitment to
responsible gaming and to advancing social innovation around the
world, please visit DraftKings S.E.R.V.E.S.
About DraftKingsDraftKings Inc. is
a digital sports entertainment and gaming company created to fuel
the competitive spirit of sports fans with products that range
across daily fantasy, regulated gaming and digital media.
Headquartered in Boston, and launched in 2012 by Jason Robins, Matt
Kalish and Paul Liberman, DraftKings is the only U.S.-based
vertically integrated sports betting operator. DraftKings is a
multi-channel provider of sports betting and gaming technologies,
powering sports and gaming entertainment for operators in 17
countries. DraftKings’ Sportsbook is live with mobile and/or retail
betting operations in the United States in Arizona, Colorado,
Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan,
Mississippi, New Hampshire, New Jersey, New York, Oregon,
Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
DraftKings’ daily fantasy sports product is available in 6
countries internationally with 15 distinct sports categories.
DraftKings is both an official daily fantasy and sports betting
partner of the NFL, NBA, MLB, NHL, PGA TOUR and UFC as well as an
official daily fantasy partner of NASCAR. Launched in August 2021,
DraftKings Marketplace is a digital collectibles ecosystem designed
for mainstream accessibility that offers curated NFT drops and
supports secondary-market transactions. DraftKings also owns Vegas
Sports Information Network, Inc. (VSiN), a multi-platform broadcast
and content company.
DraftKings Forward-Looking
StatementsCertain statements made in this release are
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside DraftKings’ control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements. For a discussion of
additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see DraftKings’ Securities and Exchange Commission
filings. DraftKings does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
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Contactsmedia@draftkings.com@DraftKingsNews
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