DraftKings Investor Day Presentation Deck
Extrapolating based on NJ assuming no growth going forward, the Canadian OSB and
iGaming TAM is between $6B and $9B
Estimated Canadian Online Sports Betting and iGaming Gross Revenue
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●
$3B
OSB
$2B
Population Method (¹) GDP Method (2)
There was significant legislative momentum in Canada on both the federal and provincial level in 2021
Federal legislation passed to legalize single event sports wagering in early 2021
Ontario's provincial government has announced that regulated OSB and iGaming will launch in April 2022
$6B
iGaming
$4B
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 $107 and $197 for OSB and iGaming, respectively, to the 2023E Canadian population.
(2) GDP method adjusts the TAM extrapolation for NJ's GDP per adult relative to Canada's GDP per adult. Specifically, Canada's GDP per adult is 0.66x NJ's GDP per adult, implying a Gross Revenue per adult of $70 and $129 for OSB and iGaming, respectively.
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