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DraftKings Reports Fourth Quarter and Full-Year 2020 Results and Raises 2021 Revenue Guidance

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BOSTON, Feb. 26, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today reported fourth quarter and full-year 2020 financial results.
Fourth Quarter 2020 Highlights
For the three months ended December 31, 2020, DraftKings reported revenue of $322 million, an increase of 146% compared to $131 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited ("SBTech") and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 98% compared to the three months ended December 31, 2019.
"With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322 million in fourth quarter revenue, a 98% year over year increase," said Jason Robins, DraftKings' co-founder, CEO and Chairman of the Board. "In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance."

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Bleacher Report and DraftKings to Unveil Exclusive Super Bowl LV Prop Bets Show – B/R Drop Zone: DraftKings Big Game Prop Reveal

Bleacher Report and DraftKings to Unveil Exclusive Super Bowl LV Prop Bets Show – B/R Drop Zone: DraftKings Big Game Prop Reveal
New Original Concept Gives Football Fans First Look at 2021 Props through Expert Analysis, Interactive Segments, Giveaways and More
January 19, 2021 06:30 ET
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DraftKings Inc.
DraftKings Inc.
Boston, Massachusetts, UNITED STATES
BOSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- With the 2020-2021 NFL season on the verge of its climactic close, Bleacher Report and DraftKings will provide football fans with an exclusive first glimpse at DraftKings’ proprietary Super Bowl prop bets in a new reveal show streamed live on the Bleacher Report app.

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(DKNG), AT&T Inc. (NYSE:T) - DraftKings To Launch Super Bowl Prop Bet Show With Bleacher Report

B/R Betting is the most engaged and most viewed social media account for the company.
Bleacher Report saw a 46% year-over-year increase in engagement across its channels in the final weeks of the NFL season, including over 23 million fan interactions on its site and app.
DraftKings will offer over 200 prop bets for Super Bowl LV. The media deal with Bleacher Report allows DraftKings the chance to promote its brand and highlight its offerings.
The Super Bowl is expected to be one of the most bet-on events for sports betting and could break records for DraftKings. Americans wagered over $7 billion on Super Bowl LIV.

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