DraftKings SPAC Presentation Deck

5 COMBINED COMPANY PROJECTION MODEL ASSUMPTIONS 2020 Assumptions Online sportsbook live in current "line-of-sight" states, which represent approximately 10% of the U.S. population - iGaming live in NJ and PA DFS continues to maintain leading market position SBTech grows from existing and newly acquired customers 2021 Assumptions Additional states legalize / launch online sports betting; OSB available to approximately 20% of U.S. population - iGaming is legalized in additional states; DraftKings generates revenue from states representing a further 4% of the U.S. population DFS continues to maintain leading market position - SBTech grows from existing and newly acquired customers Source: Management projections DRAFT KINGS SBTech we know sports ($ in millions) $236 $44 YOY Growth CombineCo $192 2017 HISTORICAL / PROJECTED NET REVENUE $306 $80 31% CAGR $226 2018 18% 81% 30% $415 $110 $305 2019E DRAFT KINGS 35% 38% 36% $540 $140 $400 2020E SBTech we know sports 31% 27% 30% $700 $150 $550 2021 E 38% 7% 30% | 18

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