DraftKings agreed to send roughly $412.5 million in balance sheet cash to Jackpocket with the remaining $337.5 million coming in the form of common shares. A popular mobile sports betting and online casino company is adding a fresh element to its real-money gaming products as well as new markets. to acquire Jackpocket, a digital service that allows users to play state and national lottery games on an app.
DraftKings is looking to add $260 to $340 million in revenue in 2026 as it integrates Jackpocket into its existing mobile and retail sports wagering, iGaming, and fantasy sports products. The digital service is available in Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Puerto Rico, Texas, Washington D.C., and West Virginia.