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 615M USD for 2020 and 323M USD for 2019.

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 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.


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

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

 Subscribe to unlock this and 201,598
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for DraftKings

Massachusetts Companies , Gaming Companies , United States Companies

Related Lists for Massachusetts Companies

Largest Massachusetts Companies , Acquisitive Massachusetts Companies , Recently Acquired Massachusetts Companies , Recently Sold Massachusetts Companies , Private Massachusetts Companies , Public Massachusetts Companies , Acquired Massachusetts Companies , PE Backed Massachusetts Companies

Related Lists for Gaming Companies

Largest Gaming Companies , Acquisitive Gaming Companies , Recently Acquired Gaming Companies , Recently Sold Gaming Companies , Private Gaming Companies , Public Gaming Companies , Acquired Gaming Companies , PE Backed Gaming Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal