DraftKings Investor Day Presentation Deck

Units turn contribution profit positive in Year 2 or Year 3 as cohorts stack on top of each other NGR and Contribution Profit - New Jersey ($ in millions) $21 Net Revenue ($10) Contribution Profit Launch Year (Aug - Dec 2018) $85 Net Revenue Launch Year Cohorts 2019 Cohorts Year 1 (2019A) ($5) Contribution Profit (1) Note: Does not include DFS or retail businesses. Contribution profit reflects gross profit less external marketing. (1) Slight discrepancies in 2019 contribution profit versus our 2020 Investor Day are due to the exclusion of amortization of acquired intangibles. 2020 Cohorts $153 Net Revenue 2021 Cohorts Year 2 (2020A) $8 Contribution Profit ~$210 Net Revenue Year 3 (2021E) ~$65 Contribution Profit | 37

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