DraftKings Investor Day Presentation Deck

Investor Day executive summary 1 2 Market share for OSB and iGaming is at run rate of 30% and 19%, respectively, as evidenced by Q4 2020; DraftKings online in more states than any other operator 3 4 2020 actual results suggest a $67B+ combined online sports betting ("OSB") and iGaming North American TAM; legalization trends continue to be positive 5 Foundational LTV/CAC results are strong due largely to high customer and revenue retention; continuously learning and improving our playbook Due to our outsized market share and evidence of a larger North American TAM, we are increasing our long-term Adjusted EBITDA target to ~$1.7B Well capitalized for growth regardless of new state legalization patterns | 5

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