September 26, 2023
About DraftKings
DraftKings is a leading creator of casino, fantasy sports contests, and sports betting apps. They're recognized for their innovative approach to app marketing and excel in mobile advertising strategies, especially in crafting compelling ad creatives that capture attention and drive outcomes.
Challenge
DraftKings has always been at the forefront of innovative marketing campaigns. Their holistic approach to mobile marketing, highlighted by standout ad creatives, continuous A/B testing, and varied formats, underscores their leadership in mobile user acquisition. Despite being a leader in mobile advertising, they identified a gap: the need to tap into advanced data insights and cutting-edge technology to push the boundaries of their creative optimization.
Solution
DraftKings collaborated with Moloco to enhance creative optimization for their Sportsbook app's User Acquisition (UA) initiatives. Integrating Moloco's machine learning for precise dynamic ad placements effectively targets high-value users. ML-powered Moloco Ads leveraged first-party and contextual data, enabling DraftKings to curate highly relevant ads for individual users. As a result, DraftKings strategically developed dynamic sporting match-ups and betting odds creatives, and Moloco Ads delivered them to the right user at the right price.
Results
By harnessing the power of Moloco's machine learning technology, DraftKings' UA campaigns achieved targeted relevance, heightened engagement, and remarkable conversions. The infusion of cutting-edge technology from Moloco refined DraftKings' creative optimization strategies, enabling a more personalized user experience while amplifying the efficacy of their mobile marketing campaigns.
- Improved installs per thousand impressions (IPM) by 13% compared to static display
- Dynamic assets showed a 9% lower cost-per-first-time-deposit when compared to other creative assets
Customer
Draft Kings
Headquarters
Boston, MA
Industry
Sports contest and betting
Product
Moloco Ads