2022 was a banner year for the three co-founders of DraftKings, who had combined total compensation of about $129 million, up from $37 million in 2021.
For DraftKings Inc., 2022 was another banner year — at least it was for the online sports betting and digital sports entertainment company’s three co-founders, if not for investors.
The Boston-based company reported $1.38 billion in losses in 2022, narrower than the $1.52 billion it lost the year before, while revenue grew 73% to $2.24 billion. Co-founder and Chief Executive Jason Robins’s total compensation in 2022 was $47.47 million, up 238% from the $14.03 million he received in 2021. In 2020, which was the year DraftKings went public, Robins’s total compensation was $236.83 million.
The category also included $968,990 in security costs, $975,191 in airplane costs, $15,000 for tax planning, $202,502 for tax reimbursements received, partly in connection with benefits and prerequisites included under Super Bowl expenses, and $9,150 for a 401 match. Kalish’s salary was also cut to $1, from $73,558 in 2021, while his stock awards jumped to $39.98 million from $10.27 million. His “all other compensation” category didn’t include any Super Bowl expenses, security costs or airplane costs.
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