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DraftKings Reaches Agreement to Acquire Jackpocket for $750 Million

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DraftKings Inc. announced that it has reached an agreement to acquire Jackpocket, the leading lottery app* in the United States, for total consideration of approximately $750 million, with approximately 55 percent of the consideration payable in cash funded from the Company’s balance sheet with no capital raise required and approximately 45 percent of the consideration payable in the Company’s Class A common stock, subject to customary purchase price adjustments and the collar mechanism described below (the “Proposed Transaction”).

Jackpocket is the leading provider of digital lottery services in the U.S. with proprietary and highly-scalable technology, a strong brand, and an outstanding founder-led management team. The Proposed Transaction will enable DraftKings to access and grow into the massive U.S. lottery industry, but more importantly strengthen its position in Sportsbook and iGaming through higher customer lifetime value – based on demonstrated cross-sell capabilities – and an enhanced customer acquisition engine.

“We are very excited to enter the rapidly growing U.S. digital lottery vertical with our acquisition of Jackpocket,” said Jason Robins, Co-founder and CEO of DraftKings. “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.”

“Together with DraftKings, we will be able to bring tremendous value to our customer base as we advance our mission to create a more convenient, fun, and responsible way to take part in the lottery,” said Peter Sullivan, CEO of Jackpocket. “DraftKings’ broad footprint and exceptional mobile products present an opportunity to meaningfully expand the digital lottery vertical, and we could not be more excited to come together with DraftKings.”

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KT Group is the betting terminal of choice for the Kentucky Derby and Wrigley Field this season

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KT Group is excited to announce that its Whizz kiosks have been selected as the preferred self-service betting terminals for two iconic locations: the Kentucky Derby and Wrigley Field this season. This selection by Churchill Downs and DraftKings solidifies KT Group’s position as a leader in innovative self-service solutions.
Whizz kiosks offer superior quality, functionality, and versatility, ensuring a seamless and enhanced betting experience for patrons at these prestigious events. With industry leaders like Churchill Downs and DraftKings choosing Whizz kiosks, KT Group further strengthens its reputation as a trusted provider of cutting-edge self-service solutions in the betting industry.
The Kentucky Derby, often dubbed “The Run for the Roses,” stands as one of the most prestigious events in the world of horse racing. Held annually on the first Saturday in May at Churchill Downs in Louisville, Kentucky, the Derby attracts thousands of spectators and enthusiasts from around the globe.
“The Kentucky Derby’s rich heritage, dating back to 1875, is truly unmatched,” said Kenneth Larsen, founder of KT Group. “From the mint julep tradition to the stirring rendition of ‘My Old Kentucky Home,’ the event embodies Southern charm. We’re incredibly proud to be providing our products to be enjoyed by customers at such an iconic venue.”
Wrigley Field stands as an iconic symbol of baseball history and tradition. Located in Chicago, Illinois, Wrigley Field is the beloved home ballpark of the Chicago Cubs, one of Major League Baseball’s oldest and most storied franchises. Opening its gates in 1914, Wrigley Field has witnessed countless memorable moments and legendary players throughout its century-long history.
“Wrigley Field’s charm is undeniable,” said Kenneth Larsen, founder of KT Group. “From the ivy-covered walls to the iconic marquee, it’s a place steeped in baseball history.  And while the roar of the crowd during a close game is unmatched, Wrigley Field’s recent evolution into a multifaceted entertainment destination is exciting. We’re thrilled to be a part of providing fans with an unforgettable experience, whether they’re there for a Cubs game, a concert, or something entirely new.”
“We are incredibly proud to have our Whizz family of kiosks chosen as the betting terminals for esteemed venues like the Kentucky Derby and Wrigley Field,” says Kenneth “It’s an honour to partner with iconic brands such as Churchill Downs and DraftKings to provide cutting-edge self-service solutions for these landmark events.”
He continued, “The selection of Whizz kiosks for these high-profile events underscores our commitment to delivering cutting-edge technology and exceptional service to our clients. With a focus on innovation and customer satisfaction, KT Group continues to revolutionise the self-service industry, empowering businesses to enhance their operations and provide unparalleled experiences to their customers.”
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Hacksaw Gaming and DraftKings Score Again in Ontario

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2023 saw Hacksaw Gaming go live in West Virginia and New Jersey and now we have made our long-awaited entry in Ontario, Canada. Securing this trio has hit new heights and hopes for further successes throughout the rest of this year.

DraftKings Casino entered the iGaming market in Ontario in May of 2022 and partnered with Hacksaw Gaming in the back end of the same year. As Ontario’s regulated iGaming market only went live in April of 2022, the pair have given an outstanding performance with effective launch strategies and expansive footing in North America.

Apart from gaining an unprecedented reach across regulated markets, the mobile-friendly format of Hacksaw Gaming games can be visited on phone or tablet via the DraftKings Casino app. Boasting an impressive online casino’s selection of over 300 games, DraftKings now welcomes Hacksaw Gaming favourites such as Chaos Crew, Mines, Omnom and Boxes.

“The benchmarks we have set as a partnership are remarkable and we are ready to take on more challenges continuing into 2024,” the Chief Executive Officer for Hacksaw Gaming, Marcus Cordes, said.

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Sportradar Elevates NBA League Pass Experience with emBET Integration

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Exclusive partnership between Sportradar and the NBA introduces cutting-edge betting features directly into NBA League Pass streaming service, enhancing fan experience

Sportradar (NASDAQ:SRAD) and the National Basketball Association (NBA) today announces the launch of enhanced betting-related functionality within NBA League Pass, powered by emBET, Sportradar’s over-the-top (OTT) solution. Sports betting content such as point spreads, over-unders and money lines will be seamlessly integrated into the NBA’s live streaming platform, elevating the in-play betting experience.

Where sports betting is legal, users can opt-in to have the convenience of viewing and selecting bets directly on NBA League Pass. When ready to place a bet, they are directed to FanDuel or DraftKings, the NBA’s official betting partners, through a seamlessly embedded link.

“emBET is an exciting innovation for NBA fans, making in-play betting more engaging and immersive,” the Audiovisual Senior Vice-President for Sportradar, Patrick Mostboeck, said. “Through our exclusive partnership with the NBA, we’re committed to develop next-generation, value-added products and services, like emBET, to drive fan and bettor engagement.”

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“Integrating emBET is consistent with the NBA’s vision to create hyper-personalized and customized viewing experiences within NBA games,” the Executive Vice-President of Media and Gaming for the NBA, Scott Kaufman-Ross, said. “For NBA fans who want to wager on our games during live action, they can now elect to receive contextualized betting information directly on NBA League Pass.”

emBET will continue to enhance user engagement and retention by delivering more innovative and interactive content such as advanced team and player insights, polls, voting and trivia widgets. Sportradar’s exclusive access to NBA optical-tracking data is integral to the development of these dynamic new features to be integrated in the future.

Sportradar has been an official partner of the NBA since 2016 and is the exclusive worldwide distributor of NBA data.

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