DraftKings Joins Hand With Oregon Lottery To Launch Online Sports Betting

DraftKings Inc DKNG said it will become the official sportsbook provider of the Oregon Lottery.
Pursuant to the agreement, DraftKings Sportsbook will replace the current Scoreboard app.
The transition is set to begin on January 18, and current Scoreboard customers will be able to create a DraftKings account and transfer their existing funds at that time.
DraftKings noted bettors will still have access to transaction histories, account information, and the withdrawal facility for six months post-transition. In addition, any open bets in Scoreboard accounts will remain until settled.
DraftKings' deal with the Oregon Lottery marks the second exclusive lottery agreement for the company after the New Hampshire Lottery deal in 2019.
Price Action: DKNG shares are trading lower by 1.65% at $26.50 on the last check Wednesday.

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