DraftKings Investor Day Presentation Deck

The result of strong payback periods is that states turn positive after two to three years Customer Cohort Economics State Level Economics DKNG State Launch and Profitability by State State NJ WV IN PA NH IA CO IL TN MI VA WY AZ CT NY LA OR 2018 Q3 2018 Launch 2019 Q3 2019 Launch Q4 2019 Launch Q4 2019 Launch Q4 2019 Launch 2020 Profitable Profitable Q1 2020 Launch Q2 2020 Launch Q3 2020 Launch Q4 2020 Launch Note: Does not include DFS or retail businesses. "Profitable" relates to contribution profit, which is a non-GAAP metric defined as gross profit less external marketing. 2021 Profitable Profitable Profitable Q1 2021 Launch Q1 2021 Launch Q3 2021 Launch Q3 2021 Launch Q4 2021 Launch 2022E Expected Profitable Expected Profitable Expected Profitable Expected Profitable Q1 2022 Launch Q1 2022 Launch Q1 2022 Launch Expected Profitable % Pop 2.7% 0.5% 2.1 % 3.9% 0.4 % 1.0% 1.8% 3.9 % 2.1 % 3.0 % 2.6 % 0.2 % 2.2 % 1.1 % 5.9 % 1.4% 1.3 % Enterprise Economics | 33

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