• Loading stock data...
Friday, July 11, 2025

DraftKings to Donate Day of Revenues When NBA, WNBA Return

  • The daily fantasy sports provider will donate 100% of its revenue from the day the NBA and WNBA return to play after sitting out in protest of police violence.
  • DraftKings is guaranteeing a minimum of $100,000, but expects closer to a $500,000 donation.
DraftKings to Donate Day of Revenues When NBA, WNBA Return
Kevin C. Cox/Pool Photo-USA TODAY Sports

Daily fantasy sports provider and sportsbook operator DraftKings will donate 100% of its revenues to charities and other initiatives that combat racial injustice in the United States from the days the WNBA and NBA return to action — Aug. 28 and 29, respectively — after sitting out in protest of police brutality.

Neither league has played since the Milwaukee Bucks sat out their scheduled Game 5 playoff against the Orlando Magic Aug. 26 in response to the police shooting of Jacob Blake in Wisconsin. WNBA players announced they would be using Aug. 27 as a “day of reflection.” Both leagues plan to resume play.

On Aug. 27, Draftkings posted a statement on Twitter in support of the leagues and others opting not to play. 

“The DraftKings community can play an important role in amplifying the message of Black athletes. We stand with the Black community in pursuit of basic human rights and justice,” the company said. 

Daily fantasy sports companies make money by keeping a percentage of contestants’ entry fees, called a “rake,” usually in the 10-20% range. DraftKings is guaranteeing a minimum $100,000 donation, but expects it to be closer to $500,000, CEO Jason Robins said in a CNBC interview. 

“Obviously we’d love to see the games resume, and that’s something that’s important to us, but I think that there’s a larger issue at stake here and it’s an important time for us to be talking about that,” Robins said. 

On Aug. 14, DraftKings reported nearly 25% revenue growth in its 2020 fiscal second quarter ending in June, despite limited sports offerings amid the COVID-19 pandemic. The company projects between $500 million and $540 million in revenue in the second half of 2020. 

Since the start of its third fiscal quarter, the company became the PGA Tour’s first official betting operator and extended its multi-year, exclusive agreement as MLB’s official daily fantasy sports partner. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.

Jalen Williams Signs Max Deal As Thunder Commit $822M to 3 Stars

Oklahoma City also extended Shai Gilgeous-Alexander and Chet Holmgren.

Suns All In on Booker, Who Signs Record Extension Amidst Chaos

The Suns changed their head coach for the fourth time in four years.
exclusive

Amazon Adding Dell Curry to NBA Coverage Team

The 16-year NBA veteran has been a Hornets color commentator.

Featured Today

Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.

Betway Parent to Complete U.S. Exodus, Blames Tax Volatility

“Recent regulatory developments” were cited. 
Dec 29, 2024; Philadelphia, Pennsylvania, USA; Dallas Cowboys quarterback Cooper Rush (10) passes the ball against the Philadelphia Eagles during the first quarter at Lincoln Financial Field.
July 3, 2025

California AG Says Daily Fantasy Sports Are Illegal

The AG rejected arguments that DFS are games of skill, not chance.
Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.
July 7, 2025

California AG Has Declared Daily Fantasy Sports Are Illegal. Now What?

The opinion might spark a broader DFS conversation in the state.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Jun 9, 2025; Cleveland, Ohio, USA; Cleveland Guardians starting pitcher Luis Ortiz (45) throws a pitch during the first inning against the Cincinnati Reds at Progressive Field.
July 3, 2025

Guardians Pitcher Luis Ortiz Put on Paid Leave Amid MLB Gambling Probe

Reports say the investigation is tied to gambling.
Jun 19, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard Andrew Nembhard (2) drives to the basket against Oklahoma City Thunder forward Chet Holmgren (7) during the third quarter during game six of the 2025 NBA Finals at Gainbridge Fieldhouse.
July 1, 2025

‘Existential Threat’: Underdog Sports Sues to Stop AG’s Fantasy Sports Opinion

The California AG is expected to release his opinion by Thursday.
Mar 15, 2025; Detroit, Michigan, USA; Detroit Pistons guard Malik Beasley (5) celebrates in the first half against the Oklahoma City Thunder at Little Caesars Arena.
June 30, 2025

Malik Beasley Is Latest Betting-Related Headache for NBA

It’s the third NBA betting scandal in the last year-and-a-half.
Quincy Taylor
June 17, 2025

Several Americans Banned in British Basketball Game-Fixing Scandal

Five former Surrey Scorchers players were hit with lengthy gambling suspensions.