M&A Deal Summary

DraftKings Acquires Jackpocket

On February 15, 2024, DraftKings acquired gaming company Jackpocket for 750M USD

Acquisition Highlights
  • This is DraftKings’ 3rd transaction in the Gaming sector.
  • This is DraftKings’ 2nd largest (disclosed) transaction.
  • This is DraftKings’ 2nd transaction in the United States.
  • This is DraftKings’ 1st transaction in New York.

M&A Deal Summary
Date 2024-02-15
Target Jackpocket
Sector Gaming
Buyer(s) DraftKings
Deal Type Add-on Acquisition
Deal Value 750M USD
Advisor(s) Cooley LLP (Legal)

Target

Jackpocket

Buffalo, New York, United States
website
Jackpocket is a lottery app that provides a secure way to order official state lottery tickets. It is currently available in Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Puerto Rico, Texas, Washington D.C., and West Virginia. Jackpocket is headquartered in Buffalo, New York.

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Buyer(S) 1

Buyer

DraftKings

Boston, Massachusetts, United States

website

Category Company
Founded 2011
Sector Gaming
Employees2,600
Revenue 615M USD (2020)
DESCRIPTION

DraftKings is a US-based online gaming destination where players engage in daily fantasy sports competitions across fantasy football, baseball, golf, basketball, hockey, and college football and basketball. DraftKings was founded in 2011 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector (Gaming) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Golden Nugget Online Gaming

Houston, Texas, United States

Golden Nugget Online Gaming is an online gaming company that provides Live Dealer and Live Casino Floor to the United States online gaming market. Golden Nugget Online Gaming was founded in 2013 and is based in Houston, Texas.

Buy $1.6B
Mergr

Product

Company

Legal