Announced
Financials
Tags
Friendly
Single Bidder
United States
lottery app
Acquisition
Private
lottery games
Majority
Domestic
Casinos and Gambling
Pending
Synopsis
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.
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