The company said the move will allow DraftKings to accelerate its “skyrocketing” growth, with its employee head count increasing by 65 per cent in the past year to over 700 employees.

Equipped with professional production and podcast studios, along with green rooms to bolster DraftKings’ focus on in-house content creation, the space also features custom and dynamic work areas designed to spark innovation and the development of new products.

Massachusetts Governor Charlie Baker and Lieutenant Governor Karyn Polito joined DraftKings’ co-founders Jason Robins, Paul Liberman and Matt Kalish for the official ribbon-cutting ceremony event on Tuesday.

“Massachusetts has been home to DraftKings since our inception, and we take immense pride in being part of the vibrant technology community here,” said DraftKings CEO Robins. “Our new headquarters will foster innovation while providing a true homefield advantage as we work toward our goal of being the ultimate sports entertainment destination for fans.”

Governor Baker added: “Massachusetts is home to a thriving innovation economy, and we are pleased that DraftKings is a part of that economy. We are glad to support an environment that encourages the expansion of Massachusetts-based tech companies like this one.”