DraftKings Investor Day Presentation Deck
Canadian OSB and iGaming TAM of $5B to $8B is a meaningful upside opportunity
Estimated Canadian Online Sports Betting and iGaming Gross Revenue
($ in billions)
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●
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$3(1)
OSB
$2(2)
Population Method (1)
GDP Method (2)
$5 (1)
iGaming
$3 (²)
There was significant legislative momentum in Canada on both the federal and provincial level in 2020
Legislation has been introduced at the federal level in Canada to legalize single event sports wagering
The Ontario government's 2020 provincial budget has paved the way for the province to authorize, license and regulate a competitive online sports betting and iGaming market
Source: U.S. Census Bureau; New Jersey Division of Gaming Enforcement; Statistics Canada; U.S. Bureau of Economic Analysis; World Bank
Note: Per Statistics Canada, the Canadian adult population is projected to be 31 million in 2023. All Canadian TAMs are calculated using this 2023E population figure.
(1) Population method applies NJ 2023E gross revenue per adult of $91 and $163 for OSB and iGaming, respectively, to the 2023E Canadian population.
(2) GDP method adjusts the TAM extrapolation for NJ's GDP Per Capita relative to Canada's GDP Per Capita. Specifically, Canada's GDP per Capita is 0.66x NJ's GDP per Capita, implying a gross revenue per adult of $59 and $107 for OSB and iGaming, respectively.
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