M&A Deal Summary

DraftKings Acquires Golden Nugget Online Gaming

On August 9, 2021, DraftKings acquired gaming company Golden Nugget Online Gaming for 1.6B USD

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

M&A Deal Summary

Date 2021-08-09
Target Golden Nugget Online Gaming
Sector Gaming
Buyer(s) DraftKings
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Jefferies (Financial)
White & Case (Legal)

Target

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.

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Buyer(S) 1

Buyer

DraftKings

Boston, Massachusetts, United States

Category Company
Founded 2011
Sector Gaming
Employees2,600
Revenue 3.7B USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 3 of 4
Sector (Gaming) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 BlueRibbon

Tel Aviv-Yafo, Israel

BlueRibbon is jackpot and gamification company that provides platform-agnostic, real-time gamification tools that allow for fully customizable jackpot promotions. BlueRibbon was founded in 2017 and is based in Tel Aviv-Yafo, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Jackpocket

Buffalo, New York, United States

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.

Buy $750M