Missouri just became the latest state to legalize sports betting—and it comes after a record-setting $43 million campaign funded by DraftKings and FanDuel [Fortune]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Fortune
State election officials on Thursday certified that the sports betting measure passed with 50.05% support in the November election. Although the constitutional amendment takes effect now, betting won't immediately begin. Under Missouri's measure, state regulators must launch sports betting no later than Dec. 1, 2025. A total of 38 states and Washington, D.C., already allow sports betting , which has expanded rapidly since the U.S. Supreme Court cleared the way for it in 2018. Missouri allows recounts on ballot questions to be requested within seven days after certification when the winning margin is less than 0.5% of the total votes cast A spokesperson for Missouri Secretary of State Jay Ashcroft said Thursday that a recount request would need to come from someone involved in one of the campaigns. A spokesperson for the opposition group, Missourians Against the Deceptive Online Gambling Amendment, said Thursday that it does not plan to request a recount. The $43 million sup
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DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website