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DRAFTKINGS ESTABLISHES “FREE TO BET DAY” TO COMMEMORATE PASPA OVERTURN ANNIVERSARY AND REFLECTS ON INITIAL SPORTSBOOK SUCCESSES

Annual Promotion Will Feature $514K in Total Giveaways for New Jersey Customers as Company Strives for Continued Growth in Year Ahead

BOSTON (May 14, 2019) – A year since the Professional and Amateur Sports Protection Act (PASPA) was deemed unconstitutional by the Supreme Court, DraftKings remains among the top operators in American sports betting, and has today established “Free to Bet Day” in recognition of the momentous occasion. DraftKings is awarding $514,000 in total giveaways to New Jersey customers, including a free $5.14 bet along with special odds boosts happening hourly. As additional states pass legislation, DraftKings is poised to swiftly enter new markets where countless more fans across the country can take advantage of such offerings and enhance their overall sports entertainment experience.

“The Supreme Court’s decision led to a crucial period of rapid growth and development at DraftKings, including our first-to-market launch in New Jersey, but none of our success in this first year of legalized betting would have been possible without our incredible customers,” said CEO and co-founder, Jason Robins. “Free to Bet Day is our way of saying ‘thank you’ to all our customers who have helped make DraftKings an integral part of American sports history and innovation, and with their passion and support we could not be more hopeful for what the future holds.”

During the past year, DraftKings Sportsbook has taken in more than 17 million bets, paid out over half a billion dollars in winnings and added both dedicated and casual bettors to its customer roster while boasting a 90-percent retention rate. In addition to being the first-to-market mobile and online sports betting product in New Jersey, the company has entered into relationships with retail partners such as Del Lago Resort & Casino (New York), Resorts Casino Hotel (New Jersey), Scarlet Pearl Casino Resort (Mississippi), Hollywood Casino (West Virginia) and Caesars Entertainment (Nevada) – including physical sportsbooks at Resorts (New Jersey) and Scarlet Pearl (Mississippi) – to expand the company’s presence across the nation.

“Having been founded in the US, it is exciting to see the number of states that have already moved to enable sports betting and we’re confident that over the next few years, even more states will adopt legal sports betting and follow New Jersey’s suit of developing a regulatory framework,” says Paul Liberman, co-founder and COO at DraftKings. “We look forward to working with these states to create both an engaging and safe experience for all of our customers.”

Most recently, Tiger Woods became DratKings Sportsbook’s most popularly bet athlete. After securing his fourth Masters title, DraftKings bettors were rewarded with over $2 million in payouts, as its sportsbook offered 10-1 odds on Woods going into Sunday’s final round at Augusta National. 

“We work tremendously hard every day to ensure DraftKings Sportsbook offers the widest betting selection anywhere in New Jersey, and we strive to give the most back to our customers by consistently offering the best odds, and promotions in the industry,” said Chief Revenue Officer and co-founder, Matt Kalish. “The relationships with our players and their experiences on our platform are of the utmost importance, and we are proud to offer a premier, American-made product that delivers the ultimate engagement for fans.”

To take advantage of DraftKings’ Free to Bet Day and receive a free $5.14 bet today along with special odds boosts, customers in New Jersey can download and use the DraftKings Sportsbook app both for iOS and Android.

ABOUT DRAFTKINGS

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 12 professional sports in 8 countries including the U.S., Canada, U.K. and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

DRAFTKINGS MEDIA CONTACT:

Stephen Miraglia

Email: media@draftkings.com

DRAFTKINGS AND THE ARENA FOOTBALL LEAGUE LAUNCH NEW FANTASY SPORTS GAME

The Daily Fantasy Product is Now Live Leading into the AFL Season Kickoff on April 26th

BOSTON, April 22, 2019 – DraftKings and the Arena Football League (AFL) have partnered to launch a new daily fantasy sports game ahead of the AFL’s 2019 season. Customers can now submit contest entries and get even closer to the fast-paced action on the turf that begins April 26th. This AFL offering is the 12th daily fantasy sports category for DraftKings, making the company the leader in available sports among fantasy operators.

“The fast-paced games of the AFL and zeal of its fans will enable a new customer base that loves sports just as much as we do to interact with our products,” said Greg Karamitis, SVP of Fantasy Sports at DraftKings. “The AFL is, and will continue to be, excellent partners in enhancing the entertainment experience for these dedicated fans every weekend for the 2019 season.”

With the AFL expanding its presence from four to six teams in 2019, DraftKings’ data capabilities will source game and player information at every moment of play for fans to leverage in their daily fantasy selections. Customers can enjoy special DraftKings Classic and Showdown modes for AFL contests, constructing lineups of six players while staying within a $50,000 salary cap range and designating a “captain” slot that grants one player a bonus multiplier. Classic contests will require selecting players from more than one game, while Showdown contests must include players from each team.

“We are very excited to be working with DraftKings and know our fans will love playing the fantasy football games DraftKings developed for the AFL,” said Randall Boe, AFL Commissioner. “We want the AFL to be the most innovative league in sports and working with leaders and pioneers like DraftKings is a great fit.”

As football represents the most popular sport on DraftKings, this expansion into Arena Football League daily fantasy contests helps further diversify offerings and address customer demand. To engage with the new product, players can either head to www.draftkings.com or download the DraftKings app via iOS and Android. 

ABOUT DRAFTKINGS

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 12 professional sports in 8 countries including the U.S., Canada, U.K. and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

DRAFTKINGS MEDIA CONTACT:

E. media@draftkings.com

ABOUT THE ARENA FOOTBALL LEAGUE

The Arena Football League (AFL) enters its 32nd season in 2019. Since its inception in 1987, the AFL showcases a fast-paced, exciting game to a significant number of fans in a myriad of markets. With the addition of two new teams in Atlantic City, N.J., and Columbus, O.H., the League totals six teams, all of which will play 12 regular-season games in 2019: Albany, Atlantic City, Columbus, Baltimore, Philadelphia and Washington D.C. The League can be found on Instagram, Twitter and Facebook using the handle @OfficialAFL.

AFL MEDIA CONTACT:

Devan West

E. dw@neffassociates.com

P. 215-627-4747

DRAFTKINGS TO HOST HIGH-TECH SKILLS TRAINING PROGRAM FOR VETERANS AT NEW BOSTON HQ

New England-area service members to receive free classes as part of “Tech for Heroes” initiative

BOSTON, April 11, 2019 – DraftKings will host its third Tech for Heroes training in Boston, providing local recent and returning veterans and spouses with free, comprehensive, high-tech job skills training starting in front end web development. The Boston session, kicking off on April 22nd, is the third DraftKings has held in Boston. The company has also held trainings for veterans in Austin and San Francisco.

“Building on the success of the Tech for Heroes program last year, we’re excited to be bringing the training back to our hometown for a third time and hosting the course in our new headquarters,” said Paul Liberman, DraftKings Co-Founder and COO. “It’s truly an honor help train the men and women in Massachusetts who have served valiantly, as it helps us continue to build an even stronger connection to our local community.”

Working in partnership with the national nonprofit VetsinTech, the two-week training in Boston will be taught by a certified instructor from Galvanize at DraftKings’ new state-of-the-art headquarters. The initiative will focus on teaching veterans and military spouses web development skills, and upon completion, students will receive certified proficiency through Galvanize. DraftKings employees will also work with the veterans to grow their understanding of employment opportunities at high-tech companies and to further support the veteran graduates pursuing careers in tech through mentoring.

“Our team works so hard to train our country’s servicemembers and their families to allow them to find jobs in today’s world, and the Tech for Heroes program is proving that this mission is worth the effort,” said VetsinTech founder Katherine Webster. “Seeing the growth and hearing the feedback of the veteran community in Austin, as well as so many others last year, has inspired our team to assist DraftKings in achieving their goals to even greater heights.”

In the remainder of the year, DraftKings will expand the Tech for Heroes program to multiple cities across the U.S., training 100 veterans or military spouses. For additional information on the DraftKings Tech for Heroes program and to inquire about joining a class, please visit DraftKings Tech for Heroes.

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K. and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

About VetsinTech

VetsinTech supports our current and returning veterans with re-integration services, and by connecting them to the national technology ecosystem. VIT is committed to bringing together a tech-specific network, resources, and programs for our veterans interested in Education, Entrepreneurship, and Employment – the 3E’s!

DraftKings Media Contact:

media@draftkings.com              

DRAFTKINGS UNVEILS NEW BOSTON HEADQUARTERS AMID SIGNIFICANT COMPANY GROWTH

State-of-the-Art, Back Bay Neighborhood Location is the Largest Single-Floor Office Space in Boston

BOSTON, March 26, 2019 – DraftKings Inc., today celebrated the opening of its new Boston headquarters, with Massachusetts Governor Charlie Baker and Lieutenant Governor Karyn Polito joining company co-founders Jason Robins, Paul Liberman and Matt Kalish for the official ribbon-cutting ceremony.  

“Massachusetts has been home to DraftKings since our inception, and we take immense pride in being part of the vibrant technology community here,” said Robins, DraftKings CEO and Co-Founder. “Our new headquarters will foster innovation while providing a true homefield advantage as we work toward our goal of being the ultimate sports entertainment destination for fans.”

Tuesday’s ceremony celebrated the opening of a 105,000-square-foot space, which is the largest single-floor office plan in Boston and more than double the size of DraftKings’ previous Boston office. The move will allow DraftKings to accelerate its skyrocketing growth. The company, which currently has over 700 employees, saw a 65-percent increase year-over-year for employee head count. Equipped with professional production and podcast studios along with green rooms to bolster DraftKings’ focus on in-house content creation, the space also features custom and dynamic work areas designed to spark innovation and the development of new products.

“Massachusetts is home to a thriving innovation economy, and we are pleased that DraftKings is a part of that economy,” said Governor Baker. “We are glad to support an environment that encourages the expansion of Massachusetts-based tech companies like this one.”

To complement DraftKings’ collaborative workspace and culture, the office offers amenity centers along with lockers, showers and mother’s rooms. Since being founded in 2012, DraftKings has established office locations across the United States in California, Florida, Nevada, New Jersey and New York.  

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that combined deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K. and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

DraftKings Media Contact:

media@draftkings.com              

DRAFTKINGS INTRODUCES BRACKETS FOR MARCH MADNESS

Features $64K Free Entry Option Nationally and Company’s First Cash Bracket Ever in New Jersey

BOSTON, March 12, 2019 – DraftKings Inc., today announced the launch of its Brackets product for March Madness, marking the first time that people can use the DraftKings Sportsbook app to fill out their brackets and win cash for their selections. Customers can enter public or create private contests at the beginning of the tournament, as well as starting in the Round of 32 or Sweet 16 for interactive play during each round.

“As American sports fans during March Madness, we are all playing bracket contests with our friends, family and co-workers,” said Matt Kalish, DraftKings Chief Revenue Officer and Co-Founder. “By launching Brackets on DraftKings Sportsbook, we are bringing the number one-way fans engage with March Madness to the biggest stage—DraftKings’ industry-leading fantasy sports and sportsbook apps.”

DraftKings players will see two headline contests in the Sportsbook app today for entry—a free-to-play bracket with $64,000 in prizes available nationally and a $100,000 bracket only for customers in New Jersey that costs $20 to enter. College basketball and sports betting fans alike can expect more contests to open prior to the beginning of the tournament, too. Using the app’s “Reserve A Seat” function, players can hold a spot in various contests until the teams are selected on March 17.

To provide customers with the most complete tournament experience available, Brackets on DraftKings Sportsbook will be joined by both traditional sports betting as well as daily fantasy offerings. DraftKings customers can also use the Sportsbook app to set up private pools for their free brackets to play with friends across the country. 

For more details on Brackets and everything DraftKings will offer for March Madness, please visit DraftKings’ March Madness hub here. Sports fans across the country can select and submit their bracket picks on the DraftKings Sportsbook app via iOS and Android or online at sportsbook.draftkings.com. 

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K., and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

DraftKings Media Contact:

media@draftkings.com                

DRAFTKINGS BRINGS ITS HIGH-TECH SKILLS TRAINING PROGRAM FOR VETERANS BACK TO TEXAS

“Tech for Heroes” to be offered free-of-charge to Austin area service members

BOSTON, March 4, 2019 – DraftKings will be hosting its Tech for Heroes (TfH) initiative in Austin this month, providing military veterans and spouses with free, comprehensive, high-tech job skills training.

“Since launching Tech for Heroes in 2018, DraftKings has provided high tech-focused jobs skills training to recent and returning veterans and their spouses across the country,” said Paul Liberman, DraftKings Co-Founder and COO. “We’re thrilled to kickoff our 2019 Tech for Heroes veteran trainings in Austin. After a great first year, DraftKings is committed to building on that momentum and helping 100 more veterans in more cities in 2019.”

Working in partnership with the national nonprofit VetsinTech, the four-week training in Austin will be taught by a certified instructor from Galvanize, a coding and data science talent development company. The initiative will focus on teaching veterans and military spouses web development skills, and upon completion, students will receive certified proficiency through Galvanize. DraftKings employees will also work with the veterans to grow their understanding of employment opportunities at high-tech companies and to further support the veteran graduates pursuing careers in tech through mentoring.

“The Tech for Heroes program made a huge impact on the veteran community in Austin, and across the country, last year,” said VetsinTech founder Katherine Webster. “We’re happy to be working with DraftKings once again to bring this program back to Austin and serve such an important mission, training our nation’s veterans in the job skills needed to compete in today’s job market.”

In 2019, DraftKings will continue to expand the Tech for Heroes program to cities across the U.S., training 100 veterans or military spouses by year-end. For additional information on the DraftKings Tech for Heroes program and to inquire about joining a class, please visit DraftKings Tech for Heroes.

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K. and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

About VetsinTech

VetsinTech supports our current and returning veterans with re-integration services, and by connecting them to the national technology ecosystem. VIT is committed to bringing together a tech-specific network, resources, and programs for our veterans interested in Education, Entrepreneurship, and Employment – the 3E’s!

DraftKings Media Contact:

media@draftkings.com                

UNIVERSITY OF NEW BRUNSWICK STUDENTS WIN DRAFTKINGS PITCH COMPETITION AT MIT SLOAN SPORTS ANALYTICS CONFERENCE

Thomas Bobyn, Grant Frey and Micah Hesman Take Home Cash Prize, DraftKings Internships for New Esports Game Concept

BOSTON, March 1, 2019 – The University of New Brunswick’s Thomas Bobyn, Grant Frey and Micah Hesman won first place at today’s second annual DraftKings Pitch Competition at the MIT Sloan Sports Analytics Conference. DraftKings, the leading sports-tech media and entertainment company, invited students from across the globe to submit a pitch for game ideas revolving around either a new fantasy sport, a novel way to play fantasy for a current DraftKings sport, or a new idea for the DraftKings Sportsbook.

“The winning idea by the University of New Brunswick team demonstrated a soundness of both game analysis and business application,” said Greg Karamitis, Senior Vice President of Fantasy Sports at DraftKings. “This competition really enables students to step away from the classroom and flex their entrepreneurial skills, and we appreciate the thoughtfulness each team displayed throughout the process.”

For their first-place efforts, Thomas Bobyn, Grant Frey and Micah Hesman will receive cash prizes, internships at DraftKings, which is headquartered in Boston, and lunch with CEO and Co-Founder Jason Robins. The second and third place teams will also receive cash prizes and special access to sporting events.

DraftKings whittled the applicant field down to just five teams. Each of the finalist teams had five minutes to present its game idea to a panel of judges, comprised of executives from DraftKings, professors from MIT, and fellow analytics industry experts. Students from a variety of universities and colleges competed for the grand prize.

This is DraftKings’ second year hosting the competition in partnership with MIT Sloan to drive innovation in their products and offer students the unique opportunity to have direct access to the company and its senior leadership to pitch their ideas.

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K. and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

DraftKings Media Contact:

media@draftkings.com                

DraftKings Delivers Knockout Gaming Experience in Collaboration with SHOWTIME Sports®

First-Ever Boxing Game for the Expanding Sports Entertainment Platform, Exclusive to SHOWTIME Sports, Debuts for SHOWTIME CHAMPIONSHIP BOXING® Event

BOSTON (February 28, 2019) – DraftKings Inc. and SHOWTIME Sports today announced a collaboration that will combine forces to immerse boxing fans in the sport they love through a custom Pick ‘Em style game exclusive to SHOWTIME Sports that debuts with this Saturday’s SHOWTIME CHAMPIONSHIP BOXING event on March 2nd.

This new Pick ‘Em style game asks players to choose the winner of each televised fight, determine the method of victory and predict when the bout will end for all SHOWTIME boxing events including SHOWTIME CHAMPIONSHIP BOXING®, ShoBox: The New Generation®, SHOWTIME Boxing: Special Edition and SHOWTIME PPV®. Players will be awarded points based on the number of correct predictions in each boxing match. Prizing for individual fight cards includes $5,000 in winnings with each of the top-five finalists receiving a SHOWTIME Boxing prize pack. Additionally, the overall 2019 Pick ‘Em winner will be awarded a free trip to every 2020 SHOWTIME CHAMPIONSHIP BOXING® event.

To view and play the DraftKings and SHOWTIME Sports Pick ‘Em game please visit www.draftkings.com/showtime

“Our alignment with SHOWTIME Sports is another prime example of our endless efforts to innovate and satisfy our customers with the most comprehensive sports offerings possible,” said Ezra Kucharz, Chief Business Officer at DraftKings. “Boxing draws edge-of-the-seat fans with incredible passion and engagement with the sport, and this collaboration will further our ability to best connect with our burgeoning player community.”

“This unique collaboration with DraftKings delivers an entertaining companion experience for viewers and provides a year-long connection to all SHOWTIME boxing events,” said Stephen Espinoza, President Sports & Event Programming, Showtime Networks Inc.  “We’re excited to align with a leading sports-tech entertainment brand in the U.S. as SHOWTIME Sports continues to deliver fresh and innovative ways for fans to enjoy the best that boxing has to offer.” 

Boxing is among the most storied and popular sports in the world with a passionate fan base, both domestically and internationally. Viewership trends for televised combat sports spectacles have been consistently impressive in recent years, with boxing accounting for the top selling pay-per-view television events in history. To serve this large and growing fanbase, DraftKings and SHOWTIME Sports are reshaping the fan sports entertainment experience through a creative collaboration, which will include custom fantasy games and other gaming innovations.

This Saturday’s SHOWTIME CHAMPIONSHIP BOXING event will be the first opportunity for fans to play this Pick ‘Em style game. Saturday’s three-fight telecast is headlined by former world champion Erislandy Lara challenging undefeated WBA Super Welterweight Champion Brian Castaño plus the return of heavyweight contender Luis Ortiz.

# # #

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports.

About SHOWTIME Sports

Showtime Networks Inc. (SNI), a wholly owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL™ and FLIX®, and also offers SHOWTIME ON DEMAND®, THE MOVIE CHANNEL™ ON DEMAND and FLIX ON DEMAND®, and the network’s authentication service SHOWTIME ANYTIME®. Showtime Digital Inc., a wholly owned subsidiary of SNI, operates the stand-alone streaming service SHOWTIME®. SHOWTIME is currently available to subscribers via cable, DBS, and telco providers, and as a stand-alone streaming service through Amazon, Apple®, Google, LG Smart TVs, Oculus Go, Roku®, Samsung Smart TVs and Xbox One. Consumers can also subscribe to SHOWTIME via Amazon’s Prime Video Channels, DirecTV Now, FuboTV, Hulu, Sling TV, Sony PlayStation™ Vue, and YouTube TV. Viewers can also watch on computers at Showtime.com. SNI also manages Smithsonian Networks™, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel™ and Smithsonian Channel Plus™. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV. For more information, go to www.SHO.com.

Media Contacts: DraftKings

media@draftkings.com

SHOWTIME Sports
Matt Donovan

Matt.Donovan@Showtime.net

CAESARS ENTERTAINMENT ENTERS INTO MULTI-STATE AGREEMENT WITH DRAFTKINGS

Multi-Year Deal Includes Online Gaming Market Access, Events and New Revenue Streams

LAS VEGAS, BOSTON, February 25, 2019 – Caesars Entertainment Corporation (NASDAQ: CZR), the world’s most diversified casino-entertainment company, and DraftKings, the leading sports-tech entertainment brand in the U.S., have reached an agreement under which Caesars will offer DraftKings market access for its online gaming products, subject to passage of applicable laws and the parties securing applicable gaming licenses. DraftKings’ market access is exclusive to Caesars across certain states in which Caesars operates casino properties.

“Caesars’ agreement with DraftKings, their first multi-state partnership, brings together the established leaders in gaming, daily fantasy sports and sports betting to provide customers more options,” said Mark Frissora, President and CEO of Caesars Entertainment. “This alliance is the latest initiative by Caesars to capitalize on our database, generate a new revenue stream in a growth market and raise our profile in sports, in part by creating new sports-themed guest experiences at our resorts across the country.”

Since they were first to market in New Jersey with the launch of DraftKings Sportsbook in August of 2018, DraftKings has led the state in mobile sports betting revenue every month. In January 2019 mobile sports betting accounted for nearly 80 percent of the total sports betting revenue in New Jersey. [1] 

“Partnering with such a world class gaming organization will expedite our national roll-out process and give us the opportunity to work alongside one the largest and most established industry leaders in the world,” said Jason Robins, CEO and Co-Founder of DraftKings. “We look forward to collaborating with Caesars Entertainment on creating the most innovative and engaging sports and entertainment products and events for our customers.”

DraftKings will promote Caesars Entertainment as its official casino resort partner in the states where the companies collaborate, and Caesars Entertainment will receive DraftKings equity. Caesars can also continue to offer their own branded sports betting and online casino apps in each of these jurisdictions – and will maintain their own primary access in all states according to regulation under the agreement.

About Caesars Entertainment

Caesars Entertainment is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company.  Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions.  Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names.  Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos.  Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.  Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment.  For more information, please visit www.caesars.com.

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports. 

Forward-Looking Statements

This release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts and by the use of words such as “will,” or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events.

You are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, growth in the sports gaming industry and our ability to respond to changes in the industry, prevailing economic conditions from time to time, the passage of applicable laws, receipt of any necessary regulatory approvals, and may include other factors described from time to time in Caesars’ reports filed with the Securities and Exchange Commission.

You are cautioned to not place undue reliance on these forward-looking statements, which speak only as of the date of this document. Caesars undertakes no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

Caesars Media Contact:

Jennifer Forkish      

Caesars Entertainment

jforkish@caesars.com

DraftKings Media Contact:

media@draftkings.com                                                                                                                                     


[1] https://www.nj.gov/oag/ge/docs/Financials/PressRel2019/January2019.pdf

DraftKings Prepares to Launch Sports Betting in West Virginia

Penn National Gaming Provides Market Access to Industry Leader

BOSTON (December 18, 2018) – DraftKings Inc. announced today that it has reached a licensing agreement with an affiliate of Penn National Gaming, Inc. (PENN: NASDAQ), the operator of Hollywood Casino at Charles Town Races in West Virginia. The agreement allows sports fans in the Mountain State to access DraftKings Sportsbook, the leading mobile and online sports betting platform, pending regulatory approvals.

“We are thrilled to work with Penn National Gaming to bring our online sportsbook product to West Virginia,” said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings. “We look forward to serving sports fans in the Mountain State and building on the immense success we have had in leading the New Jersey market. With over 90 percent of sports bettors returning to play after trying DraftKings Sportsbook, we are confident we can deliver on being the best place to play for West Virginia consumers.”

DraftKings Sportsbook will offer a superior and engaging online sports betting experience that includes live, in-game betting, the opportunity to wager on major and niche international and U.S. sports, as well as new features such as Sportsbook Pools for NFL, NBA and NHL.

“We are pleased to help welcome DraftKings to West Virginia,” said John Finamore, Sr. Vice President of Regional Operations for Penn National Gaming. “We believe the state will certainly benefit from DraftKings’ tremendous brand awareness and expertise in providing customers a quality online sports betting experience.”

DraftKings continues to raise the bar for sports betting, entertainment and innovation – with an online sportsbook in New Jersey, as well as brand new retail sportsbooks in the Garden State and Mississippi – and has been preparing to enter the West Virginia market for some time. The company is now in position to give fans a unique and dynamic sports betting product, leveraging its industry-leading technology, market leading position, and more than 10 million registered customers.

About DraftKings

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports.

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent completion of the Pinnacle Entertainment transaction the Company now operates 40 facilities in 18 jurisdictions. In total, Penn National facilities feature approximately 49,000 gaming machines, 1,200 table games and approximately 9,000 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.

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Media Contacts:

DraftKings

media@draftkings.com

Penn National Gaming

Eric Schippers

Eric.Schippers@pngaming.com