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I'm JD Durkin reporting from the floor of the New York Stock Exchange stocks were mixed to close out today's trading session. The Dow Jones industrial average closing fractionally higher for the day. The tech heavy NASDAQ closing down 0.89% and the S and P closing down 3/10 of *** percent. Stocks are continuing to suffer *** bit on fears that the US Federal Reserve will continue hiking interest rates and potentially trigger *** recession. Separately, investors keeping *** close eye on Apple as shares of the company continue to slip on earlier reports that China has banned the use of iphones for government officials. In other news football season is kicking off with *** matchup between the Lions and the Chiefs later tonight and the sports wagering promos are in full swing as sports betting companies battle it out for gamblers. Many are offering some sweet deals to kick off the season. Draft Kings is offered *** free $200 for new customers with eight free $25 bets on the app. Fanduel also cashing in on the fund. The company is offering *** sign up bonus of $200 if users place *** $5 bet up from the $150. Welcome promo. Last year, the company also made *** deal with youtube to give customers $100 discounts on NFL Sunday ticket subscriptions if they make *** $5 wager. Mobile sports betting is now legal in 28 states and the gambling is paying off for the states that allow it in 2022 sports betting generated over $7 billion in revenue. This year. Revenue is projected to grow to $11.8 billion according to *** consulting firm that'll do it for your daily briefing from the New York Stock Exchange. I'm JD Durkin with the street.
DraftKings apologizes for sports betting offer referencing 9/11 terror attacks
Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people.The Boston-based company offered users a 9/11-themed promotion that required three New York-based teams — the Yankees, Mets and Jets — to win their games Monday, the 22nd anniversary of the attacks on the World Trade Center and Pentagon and the downing of a passenger jet in a field in Pennsylvania.After an outcry on social media from people offended by the promotion titled “Never Forget,” DraftKings took it down and apologized.“We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11,” the company wrote. “We respect the significance of this day for our country and especially for the families of those who were directly affected.”Brett Eagleson, whose father, Bruce, was killed in the World Trade Center, runs a families and first responders organization called 9/11 Justice. He decried the DraftKings offer as “tone-deaf.”“It is shameful to use the national tragedy of 9/11 to promote a business,” he told The Associated Press. “We need accountability, justice and closure, not self-interest and shameless promotion.”The company would not say how many people placed bets as a result of the offer, nor whether those bets remain valid or whether they have been canceled.DraftKings is one of the leading companies offering legal sports betting in the U.S., which has grown rapidly since the U.S. Supreme Court cleared the way for it in 2018. Two-thirds of the country now offers it.Bets of the type DraftKings offered, in which multiple games or outcomes are bundled into a single wager, are extremely profitable for sports books, and offering gamblers preselected groupings, called parlays, is an important part of sports wagering.
Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people.
The Boston-based company offered users a 9/11-themed promotion that required three New York-based teams — the Yankees, Mets and Jets — to win their games Monday, the 22nd anniversary of the attacks on the World Trade Center and Pentagon and the downing of a passenger jet in a field in Pennsylvania.
After an outcry on social media from people offended by the promotion titled “Never Forget,” DraftKings took it down and apologized.
“We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11,” the company wrote. “We respect the significance of this day for our country and especially for the families of those who were directly affected.”
Brett Eagleson, whose father, Bruce, was killed in the World Trade Center, runs a families and first responders organization called 9/11 Justice. He decried the DraftKings offer as “tone-deaf.”
“It is shameful to use the national tragedy of 9/11 to promote a business,” he told The Associated Press. “We need accountability, justice and closure, not self-interest and shameless promotion.”
The company would not say how many people placed bets as a result of the offer, nor whether those bets remain valid or whether they have been canceled.
DraftKings is one of the leading companies offering legal sports betting in the U.S., which has grown rapidly since the U.S. Supreme Court cleared the way for it in 2018. Two-thirds of the country now offers it.
Bets of the type DraftKings offered, in which multiple games or outcomes are bundled into a single wager, are extremely profitable for sports books, and offering gamblers preselected groupings, called parlays, is an important part of sports wagering.
English (US)