DKNG Stock – DraftKings College Basketball $10K Upset Sweepstakes – Terms & Conditions – March 8, 2021

DRAFTKINGS COLLEGE (BA)SKET(BA)LL $10K UPSET SWEEPSTAKES OFFICIAL RULES

NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED OR RESTRICTED BY LAW.

1. Sweepstakes: DraftKings College Basketball $10K Upset Sweepstakes (“Sweepstakes”).

2. Sponsor: DraftKings Inc., 222 Berkeley St, 5th Floor, Boston, MA 02116 (“Sponsor”).

3. Acknowledgement: Eligible participation in the Sweepstakes is conditional on: (i) your agreement to be fully and unconditionally bound by (a) the Sweepstakes Official Rules (“Official Rules”), (b) the General Rules for all sweepstakes and contests offered by Sponsor, which are incorporated herein by reference, and (c) the decisions of Sponsor, whose decisions shall be final and binding in all respects; and (ii) your agreement to waive any right to claim ambiguity in the Sweepstakes or the Official Rules.

4. Sweepstakes Period: The Sweepstakes begins at 10:00:00 a.m. Eastern Time (“ET”) on March 8, 2021, and ends at the start time of the first basketball game of the first round of the Division 1 Men’s College Basketball Tournament (scheduled for 12pm ET on March 19, 2021, but subject to change) (the “Sweepstakes Period”). ET shall control for all purposes of the Sweepstakes. Sponsor’s computer shall be the official clock for all purposes of the Sweepstakes.

5. Eligibility: The Sweepstakes is open only to individuals who: (i) are a legal resident of at least one of the fifty (50) United States or Washington, D.C. (excluding Florida and New York), (ii) have attained the age of majority in their state of residence as of the date of entry into the Sweepstakes, (iii) satisfy all other requirements contained herein, and (iv) at all times abide by these Official Rules. Employees of Sponsor and each of its respective affiliates, officers, directors, employees, agents, advertising, public relations and promotion agencies, and members of each of their immediate families (i.e., spouses, parents, children and siblings, and their respective spouses) and those living in the same household of each are not eligible to enter the Sweepstakes.

6. How to Enter: Participation requires existence or creation of a personal account on Sponsor’s website (“DraftKings Account”). During the Sweepstakes Period, and if not already completed prior, you must create a DraftKings Account via the website located at www.draftkings.com (the “Website”) and agree to the Terms of Use, Privacy Policy and other user agreement(s) Sponsor may require. Following registration, participants who place an entry into the Free $1M March Mania Survivor Pool and opt-in to the Sweepstakes available at DraftKings.com/march-mania-survivor and DraftKings.com/sb-march-mania-survivor during the Sweepstakes Period via the Sponsor’s websites and/or mobile applications shall be prompted with a checkbox containing terms to enter for a chance to win the Prize in the Sweepstakes. Participants must have an active DraftKings Account to be eligible. Closure of your DraftKings Account during the Sweepstakes Period will disqualify you from the Promotion and you will not be eligible to receive the Prize. Limit One (1) entry per person during the Sweepstakes Period. Anyone found to be using multiple accounts to enter the Sweepstakes or submitting multiple entries will be deemed ineligible and his or her entries may be deemed void. Sponsor shall not be liable for any problems that occur during the entry process, including without limitation, late, incomplete, delayed, undelivered, or misdirected entries, and shall not have any obligation to advise an entrant of an incomplete, invalid, or undeliverable submission. No illegible, incomplete, forged, or altered entries will be accepted. All entries become the exclusive property of Sponsor and will not be acknowledged or returned.

NO PURCHASE IS NECESSARY FOR ENTRY INTO THE SWEEPSTAKES AND PURCHASE WILL NOT INCREASE CHANCES OF WINNING.

7. Winner Notification: In the event of an Upset in the Tournament, one (1) potential winner will be randomly selected by Sponsor from among all eligible entries received during the Sweepstakes Period within twenty-four (24) hours of the Upset occurring. The potential winner will be notified by Sponsor as soon as practicable following the end of the game that ended in an Upset. Sponsor will notify the potential winner by sending an email to the associated e-mail address submitted via the Website. If a potential winner cannot be contacted or does not respond within seventy-two (72) hours, an alternate potential winner may be selected. Sponsor’s decisions are final on all matters relating to this Sweepstakes.

8. Prizes and Odds: Subject to verification of eligibility and compliance with these Official Rules, one (1) winner will receive a cash prize of TEN THOUSAND U.S. DOLLARS ($10,000.00) (the “Prize”) when a lower seeded team beats a higher seeded team (an “Upset”) during any basketball game during the first two rounds of the Division 1 Men’s College Basketball Tournament scheduled to be held March 19-22, 2021 (dates subject to change) (the “Tournament). For example, a #12 seed defeating a #5 seed in a basketball game during the first round of the Tournament would qualify as an Upset for purposes of this Sweepstakes. For the avoidance of doubt, if there are only five (5) total Upsets throughout the entire Tournament, there will be only five (5) individual Winners. To the contrary, if there are zero (o) Upsets, then there will be zero (0) potential Winner(s). Further, the seeding of each team as it pertains to this Sweepstakes shall be determined by the official Tournament team seeding.

Odds of winning depend on the number of eligible entries received for the Sweepstakes.

9. Prize Restrictions: The Prize will be awarded only if the potential winner fully complies with these Official Rules. The potential winner may also be required to interview with Sponsor, media, clear a compliance screening, and any other reasonable prerequisites required by Sponsor in order to be eligible to receive the Prize. Sponsor reserves the right to change any component in its sole discretion if such component is unavailable. No transfer, refund, substitution, or replacement for the Prize or any Prize component will be made unless deemed necessary by Sponsor in its sole discretion. All federal, state, provincial and local taxes, and all costs and expenses related to the acceptance and use of the Prize not specified herein as being provided, are the sole responsibility of the Prize winner. Any required tax reporting forms will be furnished to the appropriate authorities.

By entering or participating in this Sweepstakes, or accepting any Prize, entrants further acknowledge and agree to the following Prize Package restrictions:

10. Cancelation: Sponsor may cancel, terminate, or postpone the Sweepstakes in its sole discretion at any time.

11. Questions: If you have any questions regarding the Sweepstakes, send an e-mail to support@draftkings.com with the subject line “DraftKings College Basketball $10k Upset Sweepstakes Question.”

12. Applicable Rules and Winners’ List: The General Rules, which further govern your participation in the Sweepstakes and are incorporated herein by reference, are available at https://dknation.draftkings.com/2021/3/5/22315767/draftkings-sweepstakes-general-rules. For any legally required winners’ list, send a self-addressed stamped envelope (unless otherwise prohibited by local law) to DraftKings Inc., 222 Berkeley St, 5th Floor, Boston, MA 02116, Attn: DraftKings “Email Alert Sweepstakes Entry”. All such requests must be received within three (3) months after the end of the Sweepstakes.

13. Tax Consideration: Winner is solely responsible for all taxes, if any, on the Prize and may be required to provide a W-9 form to Sponsor. Winners are responsible for any expense or item not specifically accounted for in the Official Rules. The potential winner shall be responsible for completing and filing any required gift tax forms with the Internal Revenue Service. There may be a tax liability to the potential winner and the potential winner should consult with a tax expert before making this decision. An IRS Form 1099 will be issued to the winners. Any tax liability will be the responsibility of the winner.

14. Rules Interpretation: The invalidity or unenforceability of any provision of these Official Rules will not affect the validity or enforceability of any other provision. Sponsor’s failure to enforce any term of these Official Rules does not constitute a waiver of that provision.

15. Abbreviated Rules NO PURCHASE NECESSARY. Purchase will not increase odds of winning. Website entry and opt-in required. Must be legal resident of 50 U.S./DC (excluding NY and FL). Must be 18 years of age or older. Other eligibility limitations apply. VOID WHERE PROHIBITED. To play and for Official Rules and other details, visit http://draftkings.com/march-mania-survivor. You must create an account via DraftKings.com. Prize of $10k may be awarded to 1 randomly selected eligible entrant. Odds will vary depending on the number of entries received. Subject to full Official Rules. Entry period from 3/8/21 10:00am EST through 3/18/21 at 4:00pm EST. Sponsor: DraftKings Inc.

THE INFORMATION YOU PROVIDE WILL ONLY BE USED IN ACCORDANCE WITH THESE OFFICIAL RULES AND SPONSOR’S PRIVACY POLICY, AVAILABLE AT HTTPS://WWW.DRAFTKINGS.COM/HELP/PRIVACYNOTICE

DRAFTKINGS GENERAL RULES

NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED OR RESTRICTED BY LAW.

1. Conflict Between Rules: The DraftKings General Rules (“General Rules”) apply to all sweepstakes and contests offered by Sponsor (as defined in the Official Rules) unless modified or superseded by the rules for a specific sweepstakes or contest (the “Official Rules”). In the event that any provision of the Official Rules conflicts with any provision of the General Rules provided herein, the terms of the Official Rules shall prevail with respect to such matter. Sponsor reserves the right to interpret the rules of any sweepstakes or contest at its sole discretion, and such interpretation shall be binding upon all participants.

2. Entry Restrictions: Any forms of entry other than those described in the Official Rules, including but not limited to multiple submissions, submissions using a false identity, submissions made on behalf of another individual, or submissions made through the use of a device or artifice to generate multiple submissions are void. False or deceptive submissions or acts will render an entrant ineligible to participate and Sponsor reserves the right to disqualify any entrant who attempts to undermine the legitimate operation of the sweepstakes or contest, acts in a disruptive manner, or violates these General Rules or the applicable Official Rules. In the event of a dispute over the identity of an entrant, entry will be deemed submitted by the authorized account holder of the e-mail address associated with the entry. Authorized account holder is defined as the person assigned to an e-mail address by an Internet access provider, on-line service provider or other organization responsible for assigning e-mail addresses. Sponsor reserves the right to require entrants to show proof of being the authorized account holder. If a problem occurs in the entry process, the entrant is solely responsible for verifying that the entry process has been validly completed. Sponsor shall have no obligation to advise an entrant of an incomplete entry. All entries become the sole property of Sponsor and will not be acknowledged or returned. Entrant is responsible for all online charges incurred with any Internet service provider and/or wireless carrier.

3. Selection of Winners: The potential winner(s) for a given sweepstakes or contest will be determined from all eligible entries received during the Sweepstakes Period and notified according to the Official Rules for the respective sweepstakes or contest. In the event that a sweepstakes or contest has multiple prize periods, entrants may enter more than one (1) prize period, but winner(s) will NOT be eligible to win prizes in subsequent prize periods and non-winning entries will NOT be carried forward to subsequent prize period drawings.

4. Winner Verification: The prize winner(s) are only potential winner(s) and are subject to verification of eligibility and compliance with these General Rules and the applicable Official Rules. Except where prohibited by law, potential prize winner(s) may be required to complete and return an affidavit of eligibility and liability and publicity release (“Affidavit”) within the time period set forth in Sponsor’s notification. In the event: (i) a potential prize winner cannot be reached for whatever reason after a reasonable effort has been exerted or a winner notification or Affidavit is returned as undeliverable; (ii) a potential prize winner declines or cannot accept, receive or use a prize for any reason; (iii) of noncompliance with the above or within any of the applicable time periods; (iv) a potential prize winner is found to be ineligible to enter the sweepstakes or contest or to receive a prize; (v) a potential prize winner cannot or does not comply with these General Rules and/or the applicable Official Rules; or (vi) a potential prize winner fails to fulfill the Affidavit-related obligations, such potential prize winner may be disqualified from the sweepstakes or contest and an alternate potential prize winner may be selected, at Sponsor’s sole discretion, even if the disqualified potential prize winner’s name has been publicly announced. If Sponsor decides to select an alternate potential prize winner, the alternate will be determined from all eligible entries received during the Sweepstakes Period and notified according to the Official Rules for the respective sweepstakes or contest. Sponsor reserves the right to repeat this process until an alternate potential prize winner complies with the verification of eligibility requirements. Sponsor also reserves the right to modify the notification and Affidavit procedures in connection with the selection of an alternate prize winner, if any.

ALL POTENTIAL PRIZE WINNER(S) ARE SUBJECT TO VERIFICATION BY SPONSOR. SPONSOR’S DECISIONS AS TO THE ADMINISTRATION AND OPERATION OF THE SWEEPSTAKES OR CONTEST, ANY CHANGES TO THESE GENERAL RULES OR THE OFFICIAL RULES, AND THE SELECTION OF THE POTENTIAL PRIZE WINNER(S) ARE FINAL AND BINDING ON EACH ENTRANT IN ALL MATTERS RELATED TO THE SWEEPSTAKES OR CONTEST.

5. Prize Restrictions: Each prize will be awarded only if the potential prize winner fully complies with these General Rules and the applicable Official Rules. All prize details are at the sole discretion of Sponsor and any depiction of the prizes, in sweepstakes or contest materials or otherwise, is for illustrative purposes only. No transfer, refund, cash redemption, substitution, replacement or cash equivalent for a prize will be made. Sponsor reserves the right, at its sole discretion, to substitute any prize for another prize of equal or greater value for any reason.

Sponsor shall have no responsibility or obligation to a prize winner who is unable or unavailable to, or who does not for any reason, accept or utilize their prize. In the event of non-compliance with these General Rules or the applicable Official Rules, or if a prize is unclaimed or returned as undeliverable, the prize will be forfeit. A forfeited prize may be awarded to an alternate potential prize winner, at Sponsor’s sole discretion. Taxes and fees, if any, are the sole responsibility of the prize winner(s). Sponsor is responsible only for prize delivery and expressly disclaims responsibility for prize utility, quality, or otherwise.

ALL PRIZES ARE AWARDED AS IS AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. SOME JURISDICTIONS MAY NOT AL(LOW) (OR MAY LIMIT) DISCLAIMERS OF CERTAIN WARRANTIES, IN WHICH CASE THE FOREGOING DISCLAIMERS WILL BE ENFORCED TO THE MAXIMUM EXTENT PERMITTED BY LAW.

6. Publicity Rights and Use of Personal Information: Except where prohibited by law, by participating in a sweepstakes or contest offered by Sponsor or accepting a prize, you grant Sponsor and/or Sponsor’s designees the right to use your name, photograph, likeness, statements, biographical information, voice, city and state address, and other identifying information for advertising and promotional purposes for the sweepstakes or contest in which you participated as well as other advertising and promotional purposes, worldwide, and in perpetuity, in any and all forms of media, now known or hereafter devised without additional compensation, review or approval rights, notification or permission. By participating in a sweepstakes or contest offered by Sponsor, you acknowledge that you will be sharing your personal information with Sponsor and you agree that Sponsor may use your personal information for marketing and other purposes. You may opt out of notices from Sponsor regarding future promotional or marketing offerings by following the opt-out procedure set forth below.

YOU FURTHER ACKNOWLEDGE AND AGREE THAT YOUR PERSONAL IDENTIFYING INFORMATION MAY BE DISCLOSED TO THIRD PARTIES INCLUDING, WITHOUT LIMITATION, PLACING YOUR NAME ON A WINNER’S LIST.

7. Choice of Law and Disputes. The sweepstakes or contest will be governed by the internal laws of the Commonwealth of Massachusetts. Any and all legal actions or claims arising in connection with the sweepstakes or contest must be brought in a court of competent jurisdiction within the Commonwealth of Massachusetts. Except where prohibited by law, each entrant agrees that: (i) any and all disputes, claims and causes of action arising out of or connected with the sweepstakes or contest or any prize awarded shall be resolved individually, without resort to any form of class action, and exclusively by state or federal courts situated in Boston, MA; (ii) any and all claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, but in no event attorney’s fees; (iii) no punitive, incidental, special, consequential or other damages, including without limitation, lost profits, may be awarded (collectively, “Special Damages”); and (iv) entrant hereby waives all rights to claim Special Damages and all rights to have such damages multiplied or increased.

8. Conditions of Participation and Limitations of Liability. By participating in a sweepstakes or contest offered by Sponsor, each entrant accepts the conditions stated in these General Rules and the applicable Official Rules, agrees to be bound by the decisions of Sponsor, and warrants that s/he is eligible to participate in the respective sweepstakes or contest.

By participating, entrants hereby release, hold harmless, covenant not to sue, and forever discharge Sponsor, and their respective parent companies, affiliates, subsidiaries, retailers, divisions, dealers, advertising and promotion agencies, and all others associated with the development and execution of the sweepstakes or contest, and each of its and their directors, employees, officers, and agents from and against any and all third-party claims, actions, damages, losses, liabilities, costs, expenses, injuries, or causes of action of any kind that in any way now or hereinafter may arise from or relate to the sweepstakes or contest, including without limitation (i) the administration of the sweepstakes or contest, such as typographical, printing, seeding, human or other errors relating to or in connection with the sweepstakes or contest, the processing of entries, the announcement of the prize or any related materials, inaccurate, fraudulent, incomplete, illegible, late, lost, stolen, misdirected, undelivered, incomplete, or damaged entries, any delays in delivery or lack of availability of the prize or prize materials and/or (ii) entrants’ participation in a sweepstakes or contest offered by Sponsor or their acceptance or use of a prize, or participation in any prize related activities, including, without limitation, any travel related thereto, and death and bodily injury (including emotional distress), due in whole or in part, directly or indirectly, to participation in the sweepstakes or contest or any sweepstakes or contest-related activity and for any claims or causes of action based on publicity rights, defamation, or invasion of privacy. liability, loss or damages arising from or in connection with the awarding, receipt, and/or use or misuse of any prize or participation in any prize-related activities.

Sponsor reserves the right at its sole discretion to disqualify any individual who is found to be (i) acting in violation of these General Rules and the applicable Official Rules or (ii) acting in an unsportsmanlike or disruptive manner, with the intent to disrupt or undermine the legitimate operation of the applicable sweepstakes or contest, or with the intent to annoy, abuse, threaten or harass any other person. Without limiting the foregoing, in the event Sponsor is prevented from continuing with a sweepstakes or contest as contemplated in the applicable Official Rules by any event beyond its control, including, without limitation, a force majeure, fire, flood, epidemic or other national health emergency, earthquake, explosion, labor dispute or strike, act of God or public enemy, satellite or equipment failure, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared,) or any federal, state or local government law, order, or regulation, order of any court or jurisdiction, public health crisis, or other cause not reasonably within its control, then Sponsor shall also have the right to modify, suspend, extend or terminate the respective sweepstakes or contest. In the event that a sweepstakes or contest is terminated, cancelled, or postponed for any reason whatsoever, the ARV of the prize(s) will be awarded to the extent required by law.

CAUTION: ANY ATTEMPT TO DELIBERATELY DAMAGE SPONSOR’S WEBSITE(S) OR UNDERMINE THE LEGITIMATE OPERATION OF A SWEEPSTAKES OR CONTEST OFFERED BY SPONSOR IS A VIOLATION OF CRIMINAL AND CIVIL LAWS. SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES FROM ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY LAW.

9. Privacy Policy: Entrants may receive e-mail correspondence from, or on behalf of Sponsor, subject to Sponsor’s privacy policy, available at https://www.draftkings.com/help/privacynotice. Any questions regarding privacy matters should be directed to the address set forth in the applicable Official Rules for important information regarding the collection, use, and disclosure of personal information by Sponsor.

10. OPT-OUT: If you do not wish to receive any further notices from Sponsor regarding future promotional or marketing offerings, send your name and address to DraftKings Inc., 222 Berkeley St, 5th Floor, Boston, MA 02116, Attn: DraftKings Opt-Out.