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 […]

Keeping A’s in California Makes Sense for MLB’s Longterm Sports Betting Profits

October 12, 2022 | By: Brant James

Major League Baseball Commissioner Rob Manfred wants a realigned 32-team “industry.” First, he said, at the Sports Business Journal World Congress of Sports, MLB needs to “get Oakland and Tampa resolved.” There’s plenty to resolve in both the Tampa and East Bays, with sub-standard ballparks and requisite attendance figures central to both unresolved situations. Oakland, […]

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 […]

Would Tribal-Owned Online Sportsbooks Be Viable in California?

October 11, 2022 | By: Chris Gerlacher

In states that have legalized online sports betting, local casinos will launch their own online sportsbooks. However, these homegrown sportsbooks are often overlooked in their markets. Big brands like DraftKings and FanDuel capture the most market share in the states where they’re legal.  The Sports Betting Business Journal reports that 97% of sports betting handle […]

Prop 26 vs. Prop 27: 28 Lingering Questions, 28 Days Before Election

October 10, 2022 | By: Matthew Bain

We’re just four weeks from the Nov. 8 election … and Californians still have questions about Prop 26 and Prop 27. Part of that is because the campaigns behind the two California sports betting ballot initiatives have spent way too much time (and money) attacking each other instead of actually explaining their initiative. And part […]

Full List of California Tribes That Support Prop 26 and Prop 27

October 7, 2022 | By: Dan Holmes

In the California sports betting battle, supporters of Prop 26 have preached that the vast majority of California tribes support Prop 26 and oppose Prop 27. That’s no surprise. Prop 26 would allow sports betting only in-person at California Indian casinos and the state’s horse racetracks. Prop 27, meanwhile, would allow online sports betting and eat at […]

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 […]

New Poll Projects Clear Defeat for Prop 26 and Prop 27 in California

October 4, 2022 | By: Matthew Bain

A new poll from the University of California at Berkeley projects overwhelming defeat for Prop 26 and Prop 27 on Nov. 8. According to the university’s survey of 6,939 likely California voters conducted Sept. 22-27, only 31% support Prop 26 and just 27% support Prop 27. Prop 26 would legalize in-person sports betting at California […]