DraftKings has agreed to buy Jackpocket, a major US lottery app, for $750 million. The transaction will likely transform DraftKings presence in the growing digital lottery market.
The deal, comprised of 55% cash and 45% stock, reflects DraftKings' strategic move to enter the US lottery industry, utilizing Jackpocket's technology and experienced team to strengthen its position in sports betting.
The deal, comprised of 55% cash and 45% stock, reflects DraftKings' strategic move to enter the US lottery industry, utilizing Jackpocket's technology and experienced team to strengthen its position in sports betting.
