iHeartMedia, Inc. and DraftKings Inc. announced a multi-year strategic relationship, making DraftKings the official odds supplier for iHeartMedia's broadcast, digital, podcast and social platforms. Additionally, as part of the agreement DraftKings is now able to co-create and distribute long-form content with iHeartMedia and will receive preferred access to iHeartMedia's full roster of diverse personalities. Furthermore, DraftKings and iHeartMedia will collaborate around a wide range of possible content development opportunities, including the distribution of shows and segments across the media giant's radio and digital properties and integrations within iHeartMedia's live sports broadcasts.  DraftKings and iHeartMedia will also collaborate on a number of possible experiential opportunities for listeners and fans including providing cross platform interactive games. DraftKings has the opportunity to leverage iHeartMedia's SmartAudio suite of data-driven advertising products. The data integration would enable fact-based audience planning and targeting optimizations across iHeartMedia's broadcast and digital platform, including its more than 270 million monthly consumers on its broadcast platform alone providing DraftKings with national exposure and at the same time reaching local audiences with a tailored approach.

iHeartMedia hosts the sports audio network in the U.S., with products across broadcast, streaming, digital, podcast and experiential. iHeartMedia is the number one podcast publisher globally according to Podtrac with more than 280 million monthly downloads, with the iHeartPodcast Sports Network alone featuring more than 50 million downloads a month, making it the for sports podcast listening.