DraftKings Investor Day Presentation Deck

Expected long-term SG&A will comfortably be in the mid-to-high teens as a percentage of net revenue Long-Term SG&A 1 2 3 4 Short-term cost growth due to unique North American online gaming industry dynamics; pulled forward staffing to launch states and be competitive with at scale global peers Expect to see a meaningful slowdown in SG&A growth starting in 2023 Most of our SG&A costs do not require growth as we expand into newly launched states and provinces SG&A as a percentage of net revenue for at scale online gaming players is typically in the mid teens | 41

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