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Sports betting industry breaks through $72 million in US midterm election spending

Reuters ·

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  1. 1Online sports betting operators including DraftKings (DKNG) and FanDuel spent at least $72 million on the US midterm elections.
  2. 2DraftKings contributed at least $34 million, FanDuel at least $27 million, and bet365 and Fanatics each $5.5 million to the super PAC WinAmerica.
  3. 3It ranks third in corporate donations by Public Citizen's estimate, pushing the election of favorable candidates amid competition from prediction markets such as Kalshi and Polymarket.

This 3-line summary is compiled from the report below.

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