College Basketball

ESPN Still Discussing Sports Betting Partnership With Online Sportsbooks; California Ballot Initiative Could be Playing a Role in Timing

Summarized by: Live Sports Direct
 
ESPN Still Discussing Sports Betting Partnership With Online Sportsbooks; California Ballot Initiative Could be Playing a Role in Timing

Disney is waiting on the outcome of the November 8 election on Proposition 27 regarding the potential legalization of sports betting in the California market. Private sportsbook companies like DraftKings and FanDuel could partner with a California tribe to offer mobile sports gambling. There would be a 10% tax on sportsbetting revenue that would fund problem gambling programs. Disney will report 4Q fiscal 2022 earnings on November. 8 and hold an earnings conference call with analysts. Draft Kings releases its 3Q 2022 quarterly earnings report on Nov. 4.

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