DraftKings - M&A Summary and Business Overview

GamingCompany

DraftKings M&A Summary

DraftKings has acquired 4 companies, including 4 in the last 5 years.

DraftKings’ largest acquisition to date was in 2021, when it acquired Golden Nugget Online Gaming for $1.6B. DraftKings has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include gaming (75%) and software (25%).

DraftKings Business Overview

Where is DraftKings headquartered?

DraftKings is headquartered in Boston, Massachusetts.

What is DraftKings’ revenue?

DraftKings disclosed revenue of 3,665M USD for 2023 and 2,240M USD for 2022.

How many employees does DraftKings have?

DraftKings has 2,600 employees.

What sector is DraftKings in?

DraftKings is a gaming company.

When was DraftKings founded?

DraftKings was founded in 2011.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Advisors 3

DraftKings

DraftKings, Inc.

225 Franklin Street, 26th Floor,
Boston, Massachusetts 02110
United States,
(617) 986-6744
www.draftkings.com

DraftKings is an 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - 2 - - 1 4
vol $1.6B $750M $2.3B
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Jackpocket, Inc. 2024-02-15 750M USD Add-on Acquisition
Buffalo, New York · www.jackpocket.com
Golden Nugget Online Gaming, Inc. 2021-08-09 1.6B USD Add-on Acquisition
Houston, Texas · www.goldennuggetcasino.com
Blue Ribbon Software Ltd. 2021-04-05 - Add-on Acquisition
Tel Aviv-Yafo, Israel · www.bluerbn.com
SBTech Malta Limited 2019-12-23 - Merger
London, United Kingdom · www.sbtech.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 3 (75%) 2.3B (100%) - -
Software 1 (25%) - - -
Total 4 $2.3B - -

By Geo

State/Country Buy Value Sell Value
United States 2 2.3B - -
  Texas 1 1.6B - -
  New York 1 750M - -
Israel 1 - - -
United Kingdom 1 - - -
Domestic 2 (50%) 2.3B (100%) - -
Cross-border 2 (50%) - - -
Total 4 $2.3B - -

Top M&A Advisors

Financial Deals
The Raine Group LLC
 2
Goldman Sachs
 1
Legal Deals
Sullivan & Cromwell
 2

Deal Values

buy # Total
> $1B 1 $1.6B
$100M to $1B 1 $750M
TOTAL $2.3B
Largest Golden Nugget Online Gaming, Inc.
$1.6B (2021-08-09)

Company Summary

SECTOR

Gaming

Revenue

3,665   64% 2023
2,240   73% 2022
1,296   111% 2021
615   91% 2020
323   43% 2019
226   18% 2018
192   2017
(millions of USD) Show More Show Less

Employees

2,600

Established

2011

Public

NASDAQ: DKNG

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