Industry News of the Day for October 20, 2021

iDEA Growth Member News: 

  • SBC, 10.20.21: Drive By Draftkings Raises First Venture Fund Worth $60m 
    • Multi-stage venture capital firm Drive by DraftKings has raised its first venture fund of $60m with the backing of high-profile owners, organizations, investors and athletes across the sports and entertainment industries. 
  • Sports Handle, 10.19.21: DraftKings-Entain Extend Negotiating Window Until Mid-November 
    • DraftKings and Entain have extended a window for negotiations concerning DraftKings’ proposed $22 billion acquisition of the U.K.-based gaming conglomerate, the companies said in separate statements released on Tuesday. 

Overall Industry News: 

New Jersey: 


  • SBC, 10.19.21: Pennsylvania Sportsbooks Hit Almost $580m In September Wagers 
    • September betting volume at Pennsylvania’s sportsbooks was the second-most all-time for the state, nearly hitting $580m for just the second time according to PlayPennsylvania which tracks regulated online gaming and sports betting in the state. 

New York: