While revenue grew in 2019 for SBTech, the company still saw a decline in overall profits. This was due in large part to increased headcount as well as exits from the online market, according to a recent prospectus regarding the firm’s merger with DraftKings.

This proposed merger of the two companies will fall under the umbrella of the Diamond Eagle Acquisition Corp, a ‘special-purpose acquisition company’ founded by former Hollywood exec Jeff Sagansky.

SBTech’s total revenue of $108.4 million ($86.7m) this past year, according to Diamond Eagle. That was a 2.9% increase over 2018.

According to the report, costs increase by 36.4%, reaching $101.9 million. This was led by revenue-related outgoings coming in at $60.6 million, which primarily went to the development of the IT infrastructure and expanding of teams to facilitate both product delivery and bet processing.