M&A Deal Summary

DraftKings Acquires Railbird

On October 21, 2025, DraftKings acquired internet software and services company Railbird

Acquisition Highlights
  • This is DraftKings’ 1st transaction in the Internet Software and Services sector.
  • This is DraftKings’ 3rd transaction in the United States.
  • This is DraftKings’ 2nd transaction in New York.

M&A Deal Summary

Date 2025-10-21
Target Railbird
Sector Internet Software and Services
Buyer(s) DraftKings
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Proskauer Rose
Kirkland & Ellis (Legal)

Target

Railbird

New York, New York, United States
Railbird is a provider of a prediction market platform and related gaming technologies. Railbird was founded in 2021 and is based in New York, New York.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

DraftKings

Boston, Massachusetts, United States

Category Company
Sector Gaming
Employees5,100
Revenue 4.8B USD (2024)
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 is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS 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