DraftKings Scores $300 Million in Funding, Led by Fox Sports
- MLB, NHL, Major League Soccer, Madison Square Garden invest
- Rival FanDuel closed $275 million round of funding this month
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Daily fantasy sports company DraftKings Inc. raised $300 million in Series D financing led by Fox Sports, fueling its competition with FanDuel to lure new customers.
Major League Baseball, the National Hockey League, Major League Soccer, Madison Square Garden Co. and Legends Hospitality also invested in the round, which will help DraftKings build out its web and mobile products and launch internationally, the Boston-based company said in a news release.