DraftKings Reaches Agreement To Acquire Jackpocket For $750M
Portfolio Pulse from Benzinga Newsdesk
DraftKings has reached an agreement to acquire Jackpocket, a third-party app that allows users to purchase official state lottery tickets, for $750 million. This acquisition is aimed at expanding DraftKings' product offerings and potentially increasing its user base by integrating Jackpocket's services.
February 15, 2024 | 9:24 pm
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DraftKings' acquisition of Jackpocket for $750 million could significantly expand its product offerings and user base.
The acquisition of Jackpocket by DraftKings is a strategic move to diversify and enhance its product offerings, potentially attracting new users and increasing engagement among existing ones. This could lead to increased revenue and market share, positively impacting DKNG's stock price in the short term.
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