Here is how those sports-betting stocks performed in June: - Shares of DraftKings dropped 18.16% - Shares of Caesars Entertainment plummeted 26.16% - Shares of Penn National Gaming dropped 9.68%
Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have seen huge interest.See also: On Bobby Bonilla Day, here are some other baseball players who receive huge deferred payments annually
The state of California confirmed on June 27 that a sports betting measure would be on the November ballot in the state. The measure, which is supported by DraftKings, FanDuel and several other operators and will be voted on by Californians, would legalize online sports betting in the most populous state in the country.
Caesars is one of several approved sports betting operators in New York state, which in recent months has become the top state in terms of total sports betting, according to data compiled by LegalSportsReport.“In less than half a year, New York has become a leader among states in implementing successful gaming policies, with hundreds of millions of dollars going to important programs that will improve the lives of all New Yorkers,” New York Gov. Kathy Hochul said in a statement.
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