DraftKings disclosed the financial exposure of the fund International Centre for Responsible Gaming to support sports betting research.
As a result, the ICRG is able to consider applications from researchers around the world. interested in research on problem gambling.
The Fund focuses specifically on responsible gaming in sports betting, with the goal of developing peer-reviewed, academic research that significantly contributes to the understanding and application of responsible gaming in the industry.
The ICRG has created a fund that accepts applications from researchers with the intention of launching later in the year to develop innovation and best practice in responsible sports betting
"The cornerstone of our commitment to our customers is to provide an enjoyable sports betting and gaming experience. We recognize that it is our responsibility to ensure that customers play safely," said Jason Robins, DraftKings co-founder, CEO and chairman of the board of directors .
"We are pleased to support the core mission of the International Center for Responsible Gaming and fund important research that will push responsible gaming innovation and customer safety across the industry. "
Researchers from top-tier academic institutions can compete for funding to uncover new insights into public health and sports betting, with applications opening this summer and closing in September 2021. Grant applications will be peer-reviewed before the ICRG's independent scientific advisory board selects the final recipient.
The selected recipient will be announced in September 2021 and will receive funding for a three-year project ending in 2024 , with the option to publish their research earlier in the three-year period. The research fund is open to U.S. or international public, private or non-profit organizations.
"We are extremely honored to receive DraftKings' financial support, which has been instrumental in meeting our funding needs for the fund to support sports betting research, "he added Dr Russell Sanna, Executive Director, ICRG .
"With the growth of sports betting in the United States, public health research will be critical to better understanding problematic gaming, and we are deeply grateful for DraftKings' support to fund research that is cutting-edge and can be used across the industry and by consumers. "