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Excerpt:
The two largest online sports gambling companies, DraftKings and FanDuel, have already spent millions of dollars on the 2026 midterm elections, according to FEC disclosures filed on Friday. This is a sea change for the industry, which has traditionally focused its political spending on state politics.
The push into federal elections comes as DraftKings and FanDuel face increased scrutiny on the impact of online sports gambling, including several high-profile athlete scandals and research showing a significant spike in problem gambling.
The emergence of DraftKings and FanDuel as major political contributors for the 2026 midterms has not been previously reported. Although the spending is bipartisan, both companies’ giving is tilted toward Republicans.
The deluge of cash reflects the national ambitions of the two companies and their desire to curb federal legislation and regulation that could blunt their expansion. The companies oppose bills that could restrict advertising and fund efforts to combat gambling addiction.
