However, the crucial distinction lies in its regulation as sports betting, making it unavailable in fantasy-only states. Progressive Parlay allows bettors to swiftly build a parlay card, still enabling them to win money even if some of the bets lose. The customer likes it, but also, there are so many of those products that can be great financial drivers for DraftKings.” Robins said: “ Those are the types of things we’re focused on. The new betting product empowers customers to make over/under prop picks against the house.ĬEO Jason Robins, during the Investor Day presentation, expressed optimism about Progressive Parlay, calling it a 'win-win' where customers would enjoy the product, and the company would benefit from higher margins. According to reports, the product mirrors the offerings of smaller fantasy gaming companies such as PrizePicks and Underdog Fantasy, with whom DraftKings is currently engaged in a public feud. DraftKings introduced a new betting product named 'Progressive Parlay' during its Investor Day on Tuesday.
