DraftKings : Q4 2021 Presentation

Q4 2021 EARNINGS PRESENTATION

FEBRUARY 18, 2022

L E G A L D I S C L A I M E R

Forward-Looking Statements and Non-GAAP Financial Measures

This presentation, and the accompanying oral presentation, contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding guidance, our future results of operations or financial condition, business strategy and plans, user growth and engagement, product initiatives, and objectives of management for future operations, and the impact of the COVID-19 pandemic on our business and the economy as a whole, are forward-looking statements.

In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "going to," "intend," "may," "plan," "potential," "predict," "project," "propose", "should," "target," "will," or "would" or the negative thereof or comparable terminology, or by discussions of vision, strategy or outlook. We caution

you that the foregoing may not include all of the forward-looking statements made in this presentation.

You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this presentation on our current expectations and projections about future events and trends, including the ongoing COVID-19 pandemic, that we believe may affect our business, financial condition, results of operations, and prospects. These forward-looking statements are subject to risks, uncertainties, and other factors, including those described in our filings with the Securities and Exchange Commission (the "SEC"), which are available on the SEC's website at www.sec.gov.

In addition, the forward-looking statements in this presentation relate only to events as of the date on which the statements are made and are based on information available to us as of the date of this presentation. We undertake no obligation to update any forward-looking statements made in this presentation to reflect events or circumstances after the date of this presentation or to reflect new information or the occurrence of unanticipated events, including future developments related to the COVID-19 pandemic, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions or investments.

This presentation includes certain non-GAAP financial measures. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance investors' overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. generally accepted accounting principles ("GAAP"). A reconciliation of GAAP to non-GAAP is provided in the appendix of this presentation.

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Q 4 A N D C U R R E N T B U S I N E S S H I G H L I G H T S

1	$473M of revenue in Q4 driven by strong
customer acquisition, increased customer

engagement, and healthy customer retention

47%	19% / 32%
YoY revenue	YoY B2C ARPMUP / MUPs
growth in Q4	growth in Q4

2 Great organic growth trends in core B2C business	65%	61%
Same state YoY OSB handle	Same State YoY iGaming GGR
	growth in Q4(1)	growth in Q4(1)

3	Launched OSB in New York and Louisiana;
launched DKNG branded OSB in Oregon

4	Continued to operationalize initiatives to drive
already excellent player retention

Live	Live
In 36% of the U.S. Population	In 11% of the U.S. Population
for OSB	for iGaming

Launched	Expanded
Dynasty Rewards	DraftKings Social to
loyalty program	OSB product

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Based on states where we were live for the entirety of Q4 2021 and Q4 2020.

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C O N T I N U E D F O C U S O N R E S P O N S I B L E G A M I N G E D U C A T I O N A N D R E S E A R C H

DRAFTKINGS AND KINDBRIDGE RESEARCH INSTITUTE ADVANCE VETERANS-FOCUSED RESPONSIBLE GAMING RESEARCH

• Announced multi-year financial commitment to Kindbridge Research Institute for new research program to study nexus of veterans and responsible gaming
• Goal is to advance evidence-based research in this area and improve the lives of impacted veterans

DRAFTKINGS ANNOUNCES RESPONSIBLE GAMING INITIATIVE TO ASSIST STATE PROBLEM GAMING COUNCILS

• Announced multi-year financial commitment to assist the 35 state problem gaming councils across the country by providing critical funding which will support the work of local nonprofit organizations
• DraftKings has offered each state council $15,000 per year for three years, a total overall commitment of $1,575,000

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APPENDIX