Categories: Payment Methods

Gaming Platform DraftKings Partners With InComm Payments For Retail Gift Cards

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments, a global leading payments technology company, to launch an industry-first retail gift card.

The launch will expand DraftKings’ presence in convenience stores like 7-Eleven, Speedway, Dollar General, and Sheetz, and also enable consumers to gift the DraftKings experience to others in $25 and $50 denominations.

“Just in time for the upcoming holiday season, we are proud to work with InComm Payments to get DraftKings gift cards on the shelves at several popular retailers,” Matt Kalish, co-founder and president of DraftKings North America, said in a press release.

He added that the company is “thrilled to provide our customers with another way to fund their accounts and engage with our real money products through this first-of-its-kind offering.”

DraftKings is expanding its reach with physical distribution and brand presence to the most frequently visited retail chains across the country, spanning convenience, pharmacy and general merchandise partners.

DraftKings reported on Friday (Nov. 13) that Monthly Unique Payers (“MUPs”) for its business-to-consumer (B2C) operation surged 64 percent in contrast to Q3 2019.

DraftKings announced on Wednesday (Sept. 16) that it’s signed an exclusive multiyear arrangement with the New York Giants NFL team. This makes DraftKings the franchise’s “official sports betting, iGaming and daily fantasy operator.” It’s the latest in a series of such deals to make online fantasy sportsbooks in some ways as much fun (and as lucrative) as betting on real teams in more normal times.

Get our hottest stories delivered to your inbox.

Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.

——————————

WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST)

About: From the online betting sector where one’s physical location at the time of wager is a matter of state law, to banks complying with stringent international Know Your Customer (KYC) regulations, geolocation services are proving a powerful weapon against fraudsters. Curiously, however, new PYMNTS research shows that consumers are more willing to share location data with food-ordering apps than with their own bank’s mobile app. Be part of the discussion as PYMNTS CEO Karen Webster and experts from the geo-data sector talk about the revolution in geolocation data usage, and why banks must take part.