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DraftKings is to acquire lottery app Jackpocket for $750m in a deal expected to generate up to $340m in additional revenue annually.

Sports betting app DraftKings is set to acquire lottery app Jackpocket for $750 million in a deal that requires no capital raise.

Jackpocket opened its Santa Barbara headquarters in 2021. (courtesy photo) Santa Barbara-based Jackpocket, a lottery courier software company, has reached an agreement to be purchased by DraftKings, one of the largest digital sports entertainment apps in the country, for approximately $750 million. Announced Feb. 15, 55% of the deal will be paid in cash with

The Biden administration has acknowledged a controversial surveillance effort that used politically charged terms such as "MAGA" and "Trump" to monitor private banking transactions. This is the first time the administration has publicly admitted to using these specific keywords in surveillance relat...

Reforming the Bangladesh banking sector is long overdue considering the ongoing struggles, such as liquidity issues, poor resource management, capital crises, and underperforming loans and their potential ripple effect on the economy. Forced bank mergers have been the talk of the town in recent times. But we have seen most of the "known to be good banks" quite confused and