Category Dolphin Treasure Free Slots

Ted Leonsis DraftKings Investment Sign of Possible DFS Market Revitalization

Day-to-day fantasy sports market leader DraftKings has raised $153 million in new investment money. Ted Leonsis, the billionaire owner of the Washington Capitals and Washington Wizards sports teams, has bought a significant, but undisclosed, stake in the ongoing business through his investment firm Revolution development.

Ted Leonsis, owner associated with Washington Capitals and Washington Wizards, has purchased a stake in DraftKings through his investment company, Revolution Growth.

This is DraftKing’s second round that is major of in just over a year. In July 2015, the business surely could raise a $300 million war chest to help finance its international ambitions, $150 million of which came from Fox Sports for the 11 percent stake in the organization.

The round that is last...

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