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DraftKings presentation vmmodi
- 1. Vishal Modi vmmodi March 23, 2016
- 2. Products
- 3. Financials • Raised $445M in 7 rounds • Funding from MLB, NHL, MLS, Fox • Estimated $1.2B of entry fees collected in 2015 • 3 year $250M advertising contract with ESPN
- 4. History DraftKings launches with daily fantasy for MLB 2012
- 5. History Reaches 50,000 active, 1M registered users 2012 Feb 2014
- 6. History “Official Daily Fantasy Game” for MLB, NHL 2012 Feb 2014 Apr 2015
- 7. History Signs exclusive 3 year marketing contract with ESPN 2012 Feb 2014 Apr 2015 July 2015
- 8. History 2012 Feb 2014 Apr 2015 July 2015 NY Supreme Court rules DraftKings is gambling, bans operation Dec 2015
- 9. Secret Sauce • Massive advertising campaign • Daily games, multitude of options • Not “technically” gambling
- 10. Competition
- 11. Prediction • DraftKings forced to stop operating in NY • DFS’ 2nd largest market - $267M in entry fees • Illinois, Texas, Nevada Attorney Generals condemn DFS • Will likely be considered gambling nationally
- 12. Questions