DraftKings Stock Price Tumbles as Prop 27 Appears Likely to Fail in CA

October 14, 2022 | By: Kris Johnson

DraftKings stock price tumbled this week after the Wall Street Journal reported on Monday that the Prop 27 campaign pulled ad spending to support the sports betting initiative leading up to the Nov. 8 election. The Wall Street Journal noted that the Prop 27 campaign pulled close to $11 million in broadcast and cable TV […]

DraftKings, FanDuel CEOs Doubt Prop 26 or Prop 27 Will Pass in California

October 12, 2022 | By: Matthew Bain

The CEOs of DraftKings and FanDuel don’t believe California sports betting will be legalized in the November 2022 election. They said so Tuesday at the Global Gaming Expo, or G2E, in Las Vegas. “More than likely, this will pass in 2024,” DraftKings CEO Jason Robins said at the event, referring to getting another sports betting […]

Despite Grim Outlook, DraftKings, FanDuel Funding Prop 27 in October

October 6, 2022 | By: Matthew Bain

Private sports betting companies aren’t giving up on Prop 27 in California just yet, despite polling suggesting it has a slim-to-none chance of passing Nov. 8. According to the California Secretary of State’s database, FanDuel and DraftKings have continued funding the Prop 27 campaign into the month of October. On Oct. 1, DraftKings contributed $101,700 to Yes […]

DraftKings Email Urges California Customers to Vote Yes on Prop 27

September 7, 2022 | By: Dan Holmes

What are the chances Prop 27 will pass in November, legalizing online sports betting in California? A recent move from DraftKings suggests the sportsbook giant might not be extremely confident. This week, the company sent a mass email to DraftKings customers who live in California, urging them to vote yes on Prop 27. The email […]

DraftKings Is ‘Cautiously Optimistic’ Prop 27 Will Pass in California

August 5, 2022 | By: Dan Holmes

An influential supporter of Prop 27 is “cautiously optimistic” that California voters will pass the measure in November, allowing mobile sportsbooks to operate in what should be a massive CA sports betting market. DraftKings sent out a press release Friday that focused on revenue statements for the second quarter of 2022. But the release also addressed […]