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  "notes": "Includes detailed footnotes explaining adjustments for stock-based compensation, transaction costs, and litigation.",
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      "text": "We define and calculate Pro Forma Adjusted EBITDA as pro forma net loss (giving effect to the Business Combination as if it were consummated on January 1, 2019) before the impact of interest income or expense, income tax expense or benefit and depreciation and amortization, and further adjusted for the same items as Adjusted EBITDA.",
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      "text": "PRO FORMA DRAFTKINGS P&L AND ADJUSTED EBITDA RECONCILIATION (INCLUDES SBTECH FROM APRIL 1, 2020 TO JUNE 30, 2020)",
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