DraftKings and FanDuel, two of the biggest names in the sports betting industry, have joined forces to back a ballot initiative in Missouri. The initiative aims to legalize sports betting in the state and would allow both online and in-person wagering on sports events.
The two companies have pledged a whopping $10 million to support the ballot measure, showing their commitment to seeing sports betting become legal in Missouri. DraftKings and FanDuel have already become major players in the sports betting market in other states where it is legal, and they are hoping to do the same in Missouri.
The proposed ballot initiative would amend the state’s constitution to allow for sports betting, and it would also establish a tax on sports betting revenue. Supporters of the measure argue that legalizing sports betting would bring in much-needed revenue for the state, as well as create jobs and boost tourism.
While the initiative has not yet been officially approved to appear on the ballot, the backing of two major sports betting companies like DraftKings and FanDuel could give it a significant push. Both companies have a large following and a strong presence in the sports betting industry, which could help sway public opinion in favor of legalizing sports betting in Missouri.
Overall, the $10 million pledge from DraftKings and FanDuel shows their dedication to expanding the sports betting market in the United States and their belief in the potential for success in Missouri. If the ballot measure is approved and sports betting becomes legal in the state, it could open up new opportunities for both companies and provide a boost to the economy of Missouri.
Source
Photo credit news.google.com