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DraftKings stock jumps after deal with NHL to be an official sports betting, fantasy partner

Shares of DraftKings Inc. DKNG, -2.37% rallied 2.4% in morning trading Wednesday, after the digital sports entertainment and gaming company announced a deal with the National Hockey League to be an official sports betting, daily fantasy sports and iGaming partner. In addition, DraftKings also announced a deal with Turner Sports, including Bleacher Report, to be the exclusive sportsbook and daily fantasy sports provider for their NHL coverage. “The NHL has some of the most passionate fans in all of sports and we are delighted to be working with the league once again, while developing a rich and engaging viewership and content experience that matches this fanbases’ enthusiasm through our deal with Turner,” said DraftKings Chief Executive Jason Robins. The stock has tacked on 5.0% over the past three months, while the S&P 500 SPX, +0.37% has slipped 0.3%.

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