A Guide to the 7 Propositions on California’s November Ballot [The New York Times]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: The New York Times
Proposition 26— Casino Sports BettingTwo sports-betting initiatives are competing on the ballot. If both receive more than 50 percent approval, the one with the most votes wins. They arise from asweeping 2018 Supreme Court decisionestimatesProposition 27— Online Sports BettingMajor gambling interests also see California’s potential. Proposition 27 was put on the ballot by Las Vegas casinos and the online operators FanDuel and DraftKings. It would allow sports betting not just in person but also through computers and mobile apps, in partnership with tribes. It generally favors large, established operators; companies would have to pay a $100 million fee just to get into the market. Proponents say that 85 percent of that fee will go to programs fighting homelessness and that the remaining 15 percent will go to smaller tribes — only a few of which are supporting the initiative. The state’s legislative analystProposition 28— School ArtsThe 2008 recession forced deep cuts in public school f
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DKNG
Earnings
- 2/15/24 - Beat
DKNG
Sec Filings
- 4/22/24 - Form 144
- 4/16/24 - Form PX14A6G
- 4/3/24 - Form 4
- DKNG's page on the SEC website