DraftKings completed the merger with SBTech and Diamond Eagle Acquisition at a $3.3bn valuation.

DraftKings, a digital sports entertainment and gaming company, completed the merger with SBTech, an international provider of sports betting and gaming technologies, and Diamond Eagle Acquisition, a public by an entity founded by Hollywood executives Jeff Sagansky and Harry Sloan, at a $3.3bn valuation. “By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers,” Jason Robins, DraftKings Co-Founder and CEO.