DraftKings completes $750m acquisition of Jackpocket
DraftKings announced that it had completed its acquisition of digital lottery app Jackpocket for $750 million. DraftKings chief executive Jason Robins said the company would begin integrating Jackpocket, while Jackpocket chief executive Peter Sullivan said the combined business would support lottery beneficiaries. The proposed transaction was announced in February 2024.
The completed deal adds a digital lottery business to DraftKings’ portfolio and begins its integration with the company.