DraftKings, FanDuel Super PAC Spends $9.3M in Alabama Primaries
DraftKings and FanDuel-backed super PAC invested $9.3 million in Alabama Republican primaries to support 17 pro-gambling candidates, winning or leading in 12 races. If Alabama legalizes sports betting, operators could see $283 million in annual wagers from the state, highlighting significant market expansion potential.
1. Super PAC Spending in Alabama
DraftKings and FanDuel-backed super PAC invested $9.3 million in Alabama Republican primaries to support 17 candidates favoring sports betting legalization. The American Conservative Fund became the largest outside spender in these contests.
2. Election Outcomes and Key Defeats
Early results show 12 of the 17 backed candidates won or led by significant margins with over 95% of votes tallied. The PAC’s largest loss came in Senate District 34, where its $2.2 million-supported candidate was defeated.
3. Market Expansion Projections
The Tax Foundation projects legalized sports betting in Alabama could generate $283 million in annual handle for operators. Industry-wide legalization could unlock more than $15 billion in new wager revenue across the U.S.
4. Opposition and Regulatory Risks
Nine Alabama-based organizations have requested investigations into the super PAC’s funding, highlighting regulatory scrutiny. A rival Sports Gambling Alliance PAC also funneled over $1.9 million into state-level candidates, underscoring political resistance.