.
MergerLinks Header Logo

New Deal


Announced

DraftKings to acquire Jackpocket for $750m.

Financials

Edit Data
Transaction Value£596m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Single Bidder

United States

lottery app

Acquisition

Private

lottery games

Majority

Domestic

Casinos and Gambling

Pending

Synopsis

Edit

DraftKings, an American daily fantasy sports contest and sports betting company, agreed to acquire Jackpocket, a lottery app in the United States, for $750m. "We are very excited to enter the rapidly growing US digital lottery vertical with our acquisition of Jackpocket. This transaction will create significant value for DraftKings not only by giving our customers another differentiated product to enjoy but also by improving our overall marketing efficiency similar to how our daily fantasy sports database created an advantage for DraftKings in OSB and iGaming," Jason Robins, DraftKings CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US