Class Action Suit Moves Forward Against DraftKings [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Billion Photos/Shutterstock The class-action lawsuit over DraftKings' “$1,000 Deposit Bonus” in Massachusetts is being allowed to move forward. A state court judge refused to dismiss the core consumer-protection claim in a ruling issued Feb. 17, meaning a jury, not the court, will eventually decide whether the promotion clearly told bettors what it actually took to get the full bonus. The lawsuit was filed by Massachusetts customers Melissa Scanlon and Sean Harris and is being brought by the Public Health Advocacy Institute. The plaintiffs are seeking to represent everyone in Massachusetts who signed up under the promotion when DraftKings launched mobile sports betting in the state in March 2023. According to the complaint, bettors needed to deposit up to $5,000 and place $25,000 in wagers within 90 days to unlock the full bonus of $1,000; the reward came as non-withdrawable site credits that had to be wagered again. DraftKings argued those terms were disclosed and that cus
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DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- DKNG's page on the SEC website