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Why DraftKings Shot Up Almost 6% on Thursday


DraftKings (NASDAQ: DKNG) announced Thursday that it will start to deliver live-streaming video of sports events through its Sportsbook app. The company is partnering with athletic-content specialist Sportsradar on the project. It didn't provide the financial particulars of the arrangement.

At least initially, the content provided won't be top-shelf U.S. pro sports. DraftKings is starting out with international offerings such as Bundesliga soccer from Germany and the Korea Baseball Organization. All told, around 100 leagues in various sports will be available within the app.

Image source: Getty Images.

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Source Fool.com

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