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DraftKings faces class-action lawsuit over betting-limit changes in seven states

Regulation

A plaintiff filed a federal class-action lawsuit against DraftKings in Michigan, alleging that the operator let him raise deposit and wagering limits without a required 24-hour waiting period. The complaint says the plaintiff lost more than $25,000 between 2022 and 2023 and alleges violations in Michigan, Colorado, Connecticut, Indiana, Iowa, Louisiana and New York. Michigan’s gaming regulator investigated but declined enforcement action, according to the report.

The case challenges how DraftKings applies player-limit rules across seven state markets.

End-of-day close DraftKings (DKNG), USD, to 23 February 2026
Story date25 November 202523 February 2026

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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