The winnings of Progressive Parlays are based on the number of legs, which also dictates how many ways there are to win.ĭraftKings will offer Progressive Parlays on its sportsbook through its in-house content engine. The offering, which has yet to receive a launch date, allows users to create a parlay of up to 12 legs based on the “over/under” of betting markets. The new feature allows users to create parlays that offer potential returns even if one or more legs lose. "We believe that our velocity and pace of product innovation will continue to be faster than any other operator in the U.S. "We are not taking our foot off the gas," said DraftKings CEO Jason Robins to media during the company’s virtual investor day on Tuesday. Its projections only include states DraftKings currently operates in.ĭraftKings is looking to separate itself from the competition with its new “Progressive Parlays.” The Boston-based sports betting, fantasy, and iGaming provider expects a total addressable market of $30 billion in 2028, up from $20 billion in 2023. A major sports betting company is continuing to grow amid an investment in innovation.ĭraftKings is expecting significant expansion as an online sports betting operator, according to recent data provided by the company during its virtual investor day.
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