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-0.000277622763944986 -0.000838476832520501 -0.00125911738395224 -0.000838476832520501 -0.00181997145252795 -0.000417836281088765 -0.000137409246801007 -0.00728829862114032
Stock impact report

Wall Street Weighs In On Surprise Maine Online Casino Legalization [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
the unexpected move means for the industry and whether it could start a rock slide to additional state-level legalizations. The consensus: Maine's market will be small, but the political dynamics that got it across the finish line may matter more than the revenue projections. “Maine passed with heavy opposition, with some polls showing 64% of the population opposing the legalization,” wrote Jordan Bender, an analyst at Citizens JMP Securities, in a note to clients. “We are not in the camp that believes one state legalizing iGaming will act as a domino effect into other states given complex state-by-state politics. That said, bills now being introduced (e.g., Virginia) also show opposition to iGaming bills, but Maine has shown that state politics can override popular opinion. Said another way, Maine should be viewed as a positive datapoint for states looking to legalize iGaming in the coming years.” DraftKings and Caesars appear best positioned to benefit. Both companies already Show less Read more
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