DraftKings Results Presentation Deck
4 ILLUSTRATIVE PATH TO $1 BILLION + IN EBITDA
($ in billions)
At 30% of
U.S.
Population
Legalized
At 65% of
U.S.
Population
Legalized
Assumes 65% of population has live OSB and 30% of population has live iGaming, and then rolls forward 5 years to "maturity"
Assumes DK has 25% and 15% market share in OSB and iGaming, respectively
$3.7
(1)
(2)
(3)
SBT
iGaming (¹)
Online Sports Book (2)
DFS
$0.4
$0.7
$2.3
$0.3
Net Revenue
$(1.8)
COGS
-
-
As a result of the acquisition of SBT, new DK will:
Lower its COGS through the elimination of platform costs
Improve product and technology cost structure through an
efficient worldwide engineering network
Consolidate administrative functions within G&A
$2.0
Gross Profit
$(0.4)
External
Marketing
$1.7
Contribution
Profit
$(0.6)
SG&A
(3)
I
$0.1
Synergies
Note: Figures may not foot due to rounding.
Assumes 30% of U.S. population has access to legalized iGaming with DraftKings achieving 15% market share. Net of promotional allowances (22% of gross revenues).
Assumes 65% of U.S. population has access to legalized sports betting with DraftKings achieving 25% market share. Net of promotional allowances (22% of gross revenues).
Assumes 10% SG&A growth per annum from today. SG&A includes Sales and Marketing, Product and Technology, and General and Administrative expenses.
$1.2
EBITDA
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