Report: DraftKings to Acquire SBTech

DraftKings is reportedly about to acquire online gaming and sports-betting company SBTech. The deal would give the company its own in-house sports betting platform, according to Legal Sports Report.

DraftKings did not confirm the acquisition to the website, but issued a statement saying, “It is our general policy not to discuss the specifics of any of those discussions.”

Legal Sports Report estimates the deal would likely be worth from $300 million to $500 million.

SBTech is an international company that provides both an omnichannel sports-betting platform and an online gaming platform. It is currently the platform provider for the Oregon Lottery. DraftKings is a major online sportsbook in New Jersey and is hoping to expand soon to West Virginia and Pennsylvania. It has a multi-year deal in place with Kambi, which provides the site with its New Jersey sports betting platform.