New Parlay Format Gives Customers Greater Optionality

Boston, Dec. 14, 2023 - DraftKings Inc. (Nasdaq: DKNG) has announced the launch of Progressive Parlay, the latest feature within the company’s leading online sportsbook that was first revealed during the 2023 Investor Day presentation. Progressive Parlay is a regulated sports wager where a parlay bet has a chance to win even if every leg of the parlay does not hit. This feature will become available for eligible customers in CT, IA, IL, OR, TN, and WY beginning on December 14, with additional state rollouts expected. To access Progressive Parlay, customers will need to download the latest version of the DraftKings Sportsbook app.

“DraftKings is committed to constantly creating new ways for our customers to engage with the sports and athletes they love, and Progressive Parlay is a great example of that,” said Corey Gottlieb, DraftKings’ Chief Product Officer. “This product provides the excitement of building a parlay, but with the added opportunity of potentially winning even if every leg doesn’t hit. It’s the best of both worlds.”

To build a Progressive Parlay, customers pick “over” or “under” on anywhere from three to 12 bets. As selections are made, the “Bet Builder” dynamically informs the customer of how many more picks are still needed to create a Progressive Parlay, how odds change with each pick and how many legs of the parlay must hit for the bet to pay out. The more picks made, the more ways there are to win and the bigger the potential payout.

The sports betting vertical is not the only area of recent innovation for DraftKings, as the company also launched Pick6, a peer-to-peer fantasy sports variant based around a simple “more or less” mechanic for individual player statistics. Pick6 debuted on December 6 in select states with additional rollouts anticipated to follow.

To learn more and experience DraftKings products across Daily Fantasy Sports, Sportsbook and Online Casino, eligible customers can visit HERE.

About DraftKings

DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 26 states and in Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in three states under its Golden Nugget Online Gaming brand. DraftKings’ daily fantasy sports product is available in 44 states, certain Canadian provinces, and the United Kingdom. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates both DraftKings Network and Vegas Sports Information Network (VSiN), to provide a multi-platform content ecosystem with original programming. DraftKings is committed to being a responsible steward of this new era in real-money gaming with a Company-wide focus on responsible gaming and corporate social responsibility.

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