DraftKings gets bigger HQ, goes on hiring spree
DraftKings, a major daily fantasy sports (DFS) operator, recently announced its transition to a new corporate headquarters in Boston, as well as its intention to hire hundreds of additional employees. The company has picked up a piece of property in Boston's Back Bay community measuring a 105,000-square-foot, twice that of its current operations base. The company will be completely installed in the new digs by the middle of 2019.
In addition to the fresh look, the company wants fresh faces. It plans on hiring more than 275 employees to add to the current pool of 425, the majority of whom will work out of the Back Bay offices. Some of the new hires will be put to work in the media production department of DraftKings, which leads many to believe that TV viewers will be submitted to the same droll commercials that were seen a few years back.
Jason Robins, DraftKings' CEO, is anticipating substantial growth over the next couple of years. However, some have likened the move to the same rapid fall and subsequent rapid decline seen in poker. DraftKings has attempted to diversify its revenue base in recent times, but hasn't had much success. It has, however, been performing better than DFS rival FanDuel, which has had to reduce its staff after suffering million-dollar losses. Following the assumption that the US Supreme Court will reverse PASPA at some point this year, DraftKings could be gearing up to move into real sports betting.