DraftKings, Inc.

DraftKings, Inc.

DraftKings, Inc.

Overview
Date Founded

2011

Headquarters

222 Berkeley Street, 5th Floor, Boston, MA, 02116, USA

Type of Company

Public

Employees (Worldwide)

2,600

Industries

Internet Software & Services

Company Description

DraftKings, Inc. operates as a digital sports entertainment and gaming company. It operates through the B2C and B2B segments. The B2C segment focuses in the providing users with DFS, Sportsbook and iGaming products. the B2B segment develops, designs and licenses f sports betting and casino gaming software for its sportsbook and casino gaming products. The company was founded by Jason D. Robins, Matthew Kalish and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

Executives & Employees

Co-Founder

Co-Founder

Co-Founder

Chief Financial Officer

Chief Marketing Officer

Chief Technology Officer

Chief Compliance Officer

Chief People Officer

Chief Accounting Officer

Chief International Officer

Board of Directors

Co-Founder at DraftKings, Inc.

Chairman & Chief Executive Officer at Soaring Eagle Acquisition Corp.

Co-Founder at DraftKings, Inc.

Co-Founder at DraftKings, Inc.

Managing Partner at Revolution LLC

Co-Founder & Partner at ACME Capital

Senior Advisor at JackPocket, Inc.

Co-Founder at Whip Networks, Inc.

Co-Founder & Chief Executive Officer at Extend, Inc.

Former Executive Vice President & Chief Operating Officer at Verizon Communications, Inc.

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Owners & Shareholders
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RCL’s private equity business focuses on opportunistic investments in the equity or debt of operating companies that are primarily in the technology, entertainment, and media (TMT), sports, consumer and lifestyle sectors. Their hedge fund focuses on investing opportunistically in the TMT sectors. The hedge fund invests primarily in long and short positions in publicly-traded equity securities, although it may also invest in options and other derivatives, as well as credit instruments, that the firm believes are sufficiently liquid to meet the fund’s investment objectives.

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FAM is a growth manager that uses proprietary, bottom-up, fundamental research to identify companies that are undergoing positive dynamic change. The firm invests in companies experiencing high unit volume growth and/or companies undergoing a positive life cycle change. Companies with high unit volume growth are experiencing growing revenues and unit volume, increasing market share, and an expanding business. Companies undergoing positive life cycle change may have new management, a new product innovation, may be involved in a new acquisition or may stand to benefit from new regulations. FAM offers multiple investment strategies.

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Revolution Growth invests in companies located in the US. It firm targets companies operating in the field of health care, education, transportation, energy, financial services, food and government services. It provides financing for growth stage capital requirements with an investment size of $25-50 million.

Recent Transactions
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DraftKings, Inc. purchases Blue Ribbon Software Ltd. from Oryzn General Partner Ltd.

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DraftKings, Inc. purchases Vegas Sports Information Network, Inc.

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DraftKings, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Auditor

Advised onDraftKings, Inc. issued USD Common Stock

Underwriter

Advised onDraftKings, Inc. issued USD Common Stock

Underwriter

Advised onDraftKings, Inc. issued USD Common Stock

Managing Director

Advised onDraftKings, Inc. issued USD Common Stock

Underwriter

Advised onDraftKings, Inc. issued USD Common Stock

Chief of Staff

Advised onDraftKings, Inc. issued USD Common Stock

Clients

Bally's Corp. engages in the business of casino hotels and horse racetrack. Its properties include Twin River Casino Hotel, Hard Rock Hotel and Casino Biloxi, Tiverton Casino Hotel, Dover Downs, Arapahoe Park, Mardi Gras Casino, Golden Gates Casino, Golden Gulch Casino, Casino KC, Casino Vicksburg, Bally’s Atlantic City, and Eldorado Resort casino Shreveport. The company was founded on March 1, 2004 and is headquartered in Providence, RI.

Key Stats and Financials As of 2020
Market Capitalization
$22.5B
Total Enterprise Value
$12.5B
Earnings Per Share
$-2.76
Revenue
$615M
TEVNet Income
-14.8x
Net Profit
$-844M
EBITDA
$-735M
Total Debt
$81.6M
Total Equity
$2.7B
Enterprise Value / Sales
20.33x
EBITDAMargin
-119.59%
Debt TEV
0.01x
Investments
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SEA MACHINES Robotics, Inc. builds autonomous control and navigation systems for commercial marine and boating industries. The company was founded by Michael G. Johnson and is headquartered in Boston, MA.

Investors
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Co-Founder at DraftKings, Inc.

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Co-Founder & Chief Executive Officer at Extend, Inc.

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Investor at ZenPayroll, Inc.

Suppliers
Datadog, Inc. Internet Software & Services | New York, NY

Datadog, Inc. engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers' entire technology stack. The company was founded by Olivier Pomel and Alexis Lê-Quôc on June 4, 2010 and is headquartered in New York, NY.

Kambi Group Plc Casinos & Gaming | Ta' Xbiex, Malta

Kambi Group Plc provides sports betting solutions to business-to-customer operators. It offers odds compiling, risk management, customer profiling, and technical sports betting platform. The company was founded by Anders Ström and Kristian Nylén on May 27, 2010 and is headquartered in Ta' Xbiex, Malta.

Evolution Gaming Group AB Casinos & Gaming | Stockholm, Sweden

Evolution Gaming Group AB engages in the development, production, marketing and licensing business to business casino solutions to gaming operators. It provides live casino studios, land-based live casino, mobile live casino, and live casino for television. The company was founded by Richard Hadida, Jens von Bahr and Fredrik Osterberg in 2006 and is headquartered in Stockholm, Sweden.

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