DraftKings, one of the top daily fantasy sports companies, has raised $300 million in new funding led by 21st Century Fox’s Fox Sports unit. The deal also calls for DraftKings to spend roughly $250 million on ads with the TV company over the next three years, according to sources familiar with the agreement.
The funding values DraftKings at more than $1.2 billion, according to multiple sources, and comes just two weeks after rival FanDuel raised $275 million.
Well today according to Darren Rovell, the Patriots ownership has now became investors with the group. That is huge news for the powerhouse DraftKings.
Darren Rovell @darrenrovell
DraftKings announces that Patriots owners are now investors. FanDuel also has NFL investors but has not disclosed names