Sports betting and fantasy sports operator DraftKings has appointed Jason Park as its new chief financial officer.

Park takes over as chief financial officer with immediate effect, with current CFO Tim Dent assuming responsibility for all compliance, licensing, regulation and responsible gaming efforts as chief compliance officer.

Park will also serve as a strategic advisor to DraftKings chief executive Jason Robins as the company looks to capitalise on the expansion of state-regulated sports betting in the US.

“DraftKings has experienced exponential growth over the last year and we are excited to welcome someone of Jason’s caliber to the team,” said Robins. “Jason will step in and help accomplish our long-term financial goals.

“He has a track record of success around investments and acquisitions which will aid in the growth of our business and his world-class background in evolving and executing growth plans will make him invaluable to our organization.”

Park joins DraftKings from multi-asset alternative investment firms Bain Capital Private Equity, where he served as an operating partner for more than ten years and focused on technology investments. Prior to Bain Capital, he spent eight years with McKinsey & Company.

“I am thrilled to be joining DraftKings at this important inflection point for the company,” said Park. “DraftKings has already established itself as a clear leader in the sports technology and entertainment arena and I look forward to working with this exceptional team to drive and capture the significant growth potential ahead.”