DraftKings sells off another $100m chunk to keep lights on

Daily fantasy sports operator DraftKings has raised over $100m in a new funding round led by one of the owners of Major League Baseball’s Los Angeles Dodgers.

Bloomberg was the first to report on Thursday that DraftKings had gotten out its begging bowl yet again, with the total value of private investment raised this time said to be in excess of $100m.

DraftKings CEO Jason Robins (pictured, with flesh wound) subsequently issued a statement confirming the funding round while declining specifics on how much it had raised. Robins did say his company had been looking for “a funding partner who could bring additional depth to the table.”

The Series E1 funding round was led by Eldridge Industries, a media holding company whose properties include entertainment trade publications Billboard and The Hollywood Reporter. Eldridge is headed up by Todd Boehly, a principal owner of the Dodgers.