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DraftKings R. Stanton Dodge, Chief Legal Officer

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Page 1: Online Sports Betting - cwagweb.org · Online Sports Betting Author: James Chisholm;Stanton Dodge Keywords: Tuesday, June 18, 2019 Created Date: 6/18/2019 1:14:12 PM

DraftKingsR. Stanton Dodge, Chief Legal Officer

Page 2: Online Sports Betting - cwagweb.org · Online Sports Betting Author: James Chisholm;Stanton Dodge Keywords: Tuesday, June 18, 2019 Created Date: 6/18/2019 1:14:12 PM

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Daily Fantasy Sports● 280+ m illion en trie s pe r yea r● $1.8 b illion in en try fees in

2017● $7 b illion pa id ou t to p layers

since 2012● Paid con tests ava ilab le in 41

sta tes & 8 in te rna tiona l countrie s

● Contests offe red for 13 sports

Sports Betting/iGaming● Launched first m obile

sportsbook in New Je rsey in August 2018

● Opened re ta il sportsbooks in Mississipp i and New Je rsey in Novem ber 2018

● Launched iGam ing in New Je rsey in Decem ber 2018

● DraftKings Sportsbook accoun ts for 30% of New Je rsey’s total sports be tting revenue

The Evolution of DraftKings

Page 3: Online Sports Betting - cwagweb.org · Online Sports Betting Author: James Chisholm;Stanton Dodge Keywords: Tuesday, June 18, 2019 Created Date: 6/18/2019 1:14:12 PM

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DRAFTKINGS MOBILE SPORTSBOOK

BY THE NUMBERS

MEDIAN BET SIZE

MEDIAN BET$9

TOTAL BETS PLACED

17MILLION+

$600MPAID OUT

TO WINNING BETTORS IN

NEW JERSEY

Page 4: Online Sports Betting - cwagweb.org · Online Sports Betting Author: James Chisholm;Stanton Dodge Keywords: Tuesday, June 18, 2019 Created Date: 6/18/2019 1:14:12 PM

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Active or au thorized

sports be tting

16

Mobile pe rm itted

Pending laws or

regula tions7

8

State Legislative Activity

Page 5: Online Sports Betting - cwagweb.org · Online Sports Betting Author: James Chisholm;Stanton Dodge Keywords: Tuesday, June 18, 2019 Created Date: 6/18/2019 1:14:12 PM

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• Mobile is essent ial• No artificia l barrie rs for consum ers • No in -pe rson requ irem en ts for registra tion , deposit or

withd rawal• Open , com pe titive m ob ile m arke t

• Level playing f ield for m obile operat ors• Direct licensing of m ob ile ope ra tors a llows re gu la tors to

dea l with m ob ile com pany d ire ctly, not ind ire ctly th rough the p rism of a land -based lice nse e

• Excessive tax ra te and fee s unde rcu t ope ra tors’ ab ility to offe r com pe titive p roduct

• Ot her considerat ions• Ability to com pe te with -and be at-the ille ga l m arke t• Consistency & recip rocity am ong ju risd ictions • College sports be tting m ust be m oved to lega l m arke t

Framework for Sports Betting Success

Page 6: Online Sports Betting - cwagweb.org · Online Sports Betting Author: James Chisholm;Stanton Dodge Keywords: Tuesday, June 18, 2019 Created Date: 6/18/2019 1:14:12 PM

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Safe and secu re registra tion ,

docum en t up load , KYC processing, and

Source of Funds va lida tion

Identity Verification

Provide players the ability to limit their spend, t ime on site,

and deposits

Plugin technology to detect the exact

location of a user at login, bet

placement and all account

transactions

Responsible Gaming Limits

State of the art Geolocation

A Safe and Responsible Gaming Platform

Paym en t Card Industry (PCI) leve l 1

ce rtified p la tform

Secure Payments