DraftKings Acquires Jackpocket for $750 Million

February 11, 2024

DraftKings has reached an agreement to acquire Jackpocket, the leading U.S. digital lottery app, for total consideration of approximately $750 million. The deal consideration is ~55% cash funded from DraftKings’ balance sheet and ~45% paid in DraftKings Class A common stock, subject to customary adjustments and a stock-price collar mechanism.

Buyers
DraftKings Inc.
Targets
Jackpocket
Location
United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.