On the Record · DraftKings
DraftKings acquisitions, on the record
The businesses DraftKings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Golden Nugget Online Gaming, Inc.Word for word“On May 5, 2022 (the “GNOG Closing Date”), DraftKings Inc. (formerly New Duke Holdco, Inc.) consummated the acquisition of Golden Nugget Online Gaming, Inc., a Delaware corporation (together with its subsidiaries unless the context requires otherwise, “GNOG”), pursuant to a definitive agreement and plan of merger, dated August 9, 2021 (the “GNOG Merger Agreement”), in an all-stock transaction (the “GNOG Transaction”).” 10-K for 2023 | acquisition | May 5, 2022 | — |
SBTech (Global) LimitedWord for word“Our gaming software services are primarily comprised of the operations of SBTech (Global) Limited (“SBTech”), which we acquired on April 23, 2020, with principal activities involving the design and development of sports betting and casino gaming software.” 10-K for 2023 | acquisition | April 23, 2020 | — |
Diamond Eagle Acquisition CorpWord for word“Prior to April 24, 2020 and before the completion of the business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp, the Class A common stock of Diamond Eagle Acquisition Corp traded on The Nasdaq Stock Market under the ticker symbol “DEAC”.” 10-K for 2023 | merger | April 24, 2020 | — |
Jackpocket Inc.Word for word“Business Combinations - Valuation of Customer Relationships As described in Notes 2 and 3 to the consolidated financial statements, in May 2024, the Company acquired Jackpocket, Inc. (“Jackpocket”) for total consideration of $773.1 million.” 10-K for 2024 | acquisition | — | total consideration of $773.1 million |
Simplebet, Inc.Word for word“On December 3, 2024, in connection with our acquisition of Simplebet, Inc., we issued 1,026,714 shares of our Class A common stock to its former equityholders, with up to an additional 3,520,540 shares of Class A common stock issuable upon satisfaction of certain post-closing performance conditions (the “Simplebet Equity Consideration”).” 10-K for 2024 | acquisition | On December 3, 2024 | 1,026,714 shares of our Class A common stock to its former equityholders, with up to an additional 3,520,540 shares |
Vegas Sports Information Network, LLC (VSIN)Word for word“For 2024, this amount includes a $12.9 million loss related to the changes in fair value of certain financial instruments as well as $27.8 million in expenses related to the discontinuance of our Reignmakers product offering, $7.5 million in expenses related to the termination of a market access agreement, and a $5.8 million loss on the sale of Vegas Sports Information Network, LLC ("VSIN"), offset by $20.9 million received related to gaming tax refunds as a result of audits and appeals related to prior periods.” 10-K for 2024 | divestiture | — | $5.8 million loss on the sale |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2020-12-31 | $178.6 million | — |
| 2021-12-31 | $65 million | — |
| 2022-12-31 | $96.5 million | $270.7 million |
| 2023-12-31 | $0 | $0 |
| 2024-12-31 | $441.5 million | $668.7 million |
| 2025-12-31 | $16.4 million | $40.2 million |
Deal filings since 2016
- 2026-08-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from DraftKings’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.