Weekly News Roundup 3-10-17

June 2021 Safest Betting Sites

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DraftKings Raises Another Round of Funding

As reported by Darren Heitner of Forbes, DraftKings received another $100 Million in a “Series E1 round of funding.” This latest round adds to the already $780 million that the DFS site has raised since their inception, making the total amount north of $880 million dollars.

This round of funding comes after DraftKings announced their intentions to merge with other DFS leader, FanDuel in November of last year. The merger between the two companies has not yet happened and may not be approved by the Department of Justice and Federal Trade Commission.

The recent round of funding makes sense that both companies are worried about this possibly. DraftKings and FanDuel control more than 95% of daily fantasy sports markets together. The need for additional capital is so that DK can operate if the merger falls through. Essentially, this is insurance to keep the lights on if the FTC denies the merger. FanDuel is also looking to raise additional capital, for the same reason.

College Basketball Score Mix Up

Maryland-Eastern Shore took care North Carolina AT&T 75-65 on Monday evening. It was a first round game in the Mid-Eastern Athletic Conference (MEAC) tournament. However, due to statistician error, the game was misreported as 74-67 final score for Maryland-Eastern Shore.

The game wasn’t a big one and didn’t have any significant impact on the tournament, but bettors realized the mistake. Since Maryland-Eastern Shore was a -8 favorite in the game, many bettors lost their wagers on score line reported.

This led to them contacting the school itself and the conference regarding the final score of the game. The final score wasn’t changed until later in the week. The conference updated the official box score to 75-65.

The game wasn’t a highly-bet event, but sportsbooks, both in Nevada and online paid out different sides in many cases.

Joseph Falchetti

Joseph Falchetti - Editor-in-Chief / Sports Writer & Analyst

Joe is the author of the blog, most picks, and the majority of excellent content on SafestBettingSites. He's been mentioned on Forbes.com as a gaming analyst and his articles have been linked by larger publications, such as the New York Times.

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