DraftKings SPAC Presentation Deck

5 ILLUSTRATIVE PATH TO $1 BILLION+ IN EBITDA At 30% of U.S. Population Legalized At 65% of U.S. Population Legalized ENO ($ in billions) SBT iGaming(¹) Online Sports Book(2) DFS $3.7 $0.4 $0.7 $2.3 $0.3 Net Revenue $(1.8) COGS $2.0 $(0.4) $1.7 Gross Profit Marketing Exp. Contribution Profit $(0.6) SG&A (3) $0.1 Synergies 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. $1.2 EBITDA | 19

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