DraftKings Results Presentation Deck
2018-2021 States Are Growing Revenue >70% with Contribution Profit (¹) Growing Faster
2018-2021 OSB and iGaming States(²): Q2 2023 vs. Q2 2022
Percentage; Basis Points
>70%
YOY Revenue
Growth
+
>800 bps
Adjusted Gross
Margin(3) Increase
+
>10%
YOY External
Marketing Decline
For our 2018-2021 states, handle increased more than 35% YoY and unique customers increased approximately 25% YoY
Increased
Contribution Profit(1)
(1) Contribution Profit is a non-GAAP financial measure that we define and calculate as Adjusted Gross Profit less external marketing expense.
(2) Includes New Jersey, West Virginia, Indiana, Pennsylvania, New Hampshire, Iowa, Colorado, Illinois, Tennessee, Michigan, Virginia, Wyoming, Arizona, and Connecticut.
(3) Adjusted Gross Margin is a non-GAAP measure that we define and calculate as Adjusted Gross Profit divided by net revenue. For a reconciliation of Adjusted Gross Margin to its most directly comparable financial measure, see slide 12 in the Appendix of this presentation.
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