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Hawaii lawmakers consider two bills to legalise mobile sports betting

Regulation

Hawaii’s House Economic Development Committee heard testimony on two bills proposing mobile sports betting, the report said. One proposal would create a monopoly for sports betting and online poker, while the other would allow an open competitive market; a DraftKings lobbyist discussed player safeguards and betting limits.

The proposals could establish Hawaii’s first legal gambling market and present different structures for mobile betting.

End-of-day close DraftKings (DKNG), USD, to 22 March 2024
Story date26 December 202322 March 2024

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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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Regulation

Hawaii lawmakers advance bills on sports betting and prediction markets

Hawaii lawmakers advanced two House bills covering sports betting and prediction markets, according to the report. House Bill 2570 would license sports wagering, set a $500,000 fee renewed every five years and tax annual gross wagering receipts at 15%; House Bill 2198 would broaden the state’s definition of gambling to include sports betting and speculation on future events. Both bills passed second reading, with further committee hearings not yet scheduled.

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