{"schema_version":"secwatch.filing_event.v1","accession":"0001883685-24-000007","form_type":"8-K","ticker":"DKNG","cik":"0001883685","company_name":"DraftKings Inc.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.226958+00:00","generated_at":"2026-06-06T01:29:20.741900+00:00","sec_items":["1.01","2.02","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"DraftKings to buy Jackpocket for $750M; Q4 revenue $1.23B, raises 2024 guidance","bullets":["Acquiring Jackpocket for $750M: ~$412.5M cash + ~$337.5M DKNG stock; subject to HSR, regulatory approvals, and 80% employee retention.","Q4 revenue $1,231M (+44% YoY); MUPs 3.5M (+37%); ARPMUP $116 (+6%).","FY2024 revenue guidance raised to $4.65B-$4.90B (midpoint $4.775B); Adjusted EBITDA raised to $410M-$510M (midpoint $460M).","Customer-friendly sports outcomes reduced Q4 revenue by ~$175M and Adjusted EBITDA by ~$126M.","First full year of positive Adjusted EBITDA expected in 2024; plans to launch in NC on March 11, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001883685-24-000007","json":"https://secwatch.observer/filing/0001883685-24-000007.json","markdown":"https://secwatch.observer/filing/0001883685-24-000007.md","text":"https://secwatch.observer/filing/0001883685-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/0001883685-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/dkng-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:29:20.741900+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9df30a1df6ccc4d5f105dead08f9c50e40b222c8","claim":"DraftKings Inc. reported financial results for the quarter and year ended December 31, 2023.","evidence_excerpt":"On February 15, 2024, DraftKings issued a press release announcing the Company’s financial results for the quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/0001883685-24-000007-index.htm","confidence":0.6,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9adc25bae2ed2842ad3000323c1039bf3e9e5010","claim":"DraftKings Inc. entered into Agreement and Plan of Merger and Plan of Reorganization with JackPocket Inc. valued at aggregate consideration of $750,000,000, approximately $412,500,000 cash and approximately $337,500, (effective 2024-02-11).","evidence_excerpt":"On February 11, 2024, DraftKings Inc., a Nevada corporation (the “ Company ” or “ DraftKings ”), JackPocket Inc., a Delaware corporation (“ Jackpocket ”), DraftKings Holdings Inc., a Nevada corporation and a direct wholly-owned subsidiary of DraftKings (“ DK HoldCo ”), Fortune Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of DK HoldCo (“ Merger Sub I ”), Fortune Merger Sub LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of DK HoldCo (“ Merger Sub II ” and, together with Merger Sub I, the “ Merger Subs ”) and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as representative, agent and attorney-in-fact of the Jackpocket securityholders, entered into an agreement and plan of merger and plan of reorganization (the “ Merger Agreemen t”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/0001883685-24-000007-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"JackPocket Inc."},{"label":"Value","value":"aggregate consideration of $750,000,000, approximately $412,500,000 cash and approximately $337,500,"},{"label":"Effective","value":"2024-02-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}