LA Dodgers Ownership Group Takes Financial Steps by Investing in Professional Dance League Startup Through Its VC Division
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy DKNG?
Source: Benzinga
Investment in Dance League: The Los Angeles Dodgers' ownership group, through Elysian Park Ventures, has invested $7 million in the International Dance League (IDL), the first global professional sports league for dance, set to debut in early 2024.
Vision for Professional Dance: IDL aims to create a competitive environment for professional dance teams, similar to traditional sports leagues, with a focus on building a youth-to-professional pathway and a global community around dance.
Elysian Park's Portfolio: Elysian Park Ventures has a diverse portfolio of over 70 startups, including notable exits like DraftKings, which has significantly increased in market valuation since going public.
Funding Utilization: The recent funding will enhance IDL's technology and event production capabilities, supporting operations for its inaugural season in 2026, with plans for six major international events.
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Analyst Views on DKNG
Wall Street analysts forecast DKNG stock price to rise
29 Analyst Rating
23 Buy
6 Hold
0 Sell
Strong Buy
Current: 25.220
Low
30.00
Averages
42.69
High
53.00
Current: 25.220
Low
30.00
Averages
42.69
High
53.00
About DKNG
DraftKings Inc. is a digital sports entertainment and gaming company. It provides users with online and retail sports betting (together, Sportsbook), online casino (iGaming) and daily fantasy sports product offerings, as well as digital lottery courier, media, and other product offerings. Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C., and in Ontario, Canada. It operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming brand. It owns Jackpocket, a digital lottery courier app in the United States. It is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA. It also owns and operates DraftKings Network, a multi-platform content ecosystem.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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