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DraftKings surges after announcing ESPN deal

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The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019.

David L. Ryan | The Boston Globe via Getty Images

Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant ESPN. 

As part of the agreement, DraftKings will be the exclusive provider of daily fantasy sports and a co-exclusive partner for gambling link-outs from ESPN, the company said. DraftKings content will be integrated into ESPN’s digital offerings and studio shows, according to the announcement.

DraftKings’ stock jumped more than 12% following the announcement. The…



Source cnbc.com

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