A leader of global iGaming and sports betting operations, DraftKings Inc, has reached an acquisition agreement with US-leading lottery operator Jackpocket for a total consideration of around $750 million. As reported, the agreement anticipates 55% of the consideration to be paid in cash, with the remaining 45% payable in DraftKing’s first-class common stock. According to the press, the purchase price consideration required no capital raise from the sports betting giant.
$750 Million Acquisition:
Under the terms of the agreement, DraftKings will reportedly be entitled to use Jackpocket’s resources to further grow in the US sports wagering and iGaming market. As the leading provider of digital lottery services in the U.S.,…