The contract extensions secure a key revenue stream for the Professional Services segment through 2030. Monitor next quarterly filing for sports wagering revenue contribution and any impact from the updated DraftKings commercial terms.
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Executive Summary
Butler National Corp's Boot Hill Casino subsidiary secured a three-year extension of its sports wagering management contract with the Kansas Lottery (through 2030) and a concurrent ten-year amendment to its DraftKings agreement. The Kansas Lottery contract pays BSNC 90% of sports wagering revenue, and the DraftKings deal includes updated commercial terms. This provides long-term revenue visibility for the Professional Services segment, though no financial figures were disclosed.
Key Facts
- Three-year extension of Kansas Lottery Sports Wagering Management Contract through 2030, commencing September 1, 2027.
- BSNC will be paid 90% of all sports wagering revenue generated, subject to modification by the Kansas Lottery.
- Ten-year amendment and extension of the DraftKings agreement for online/mobile sports wagering with updated commercial terms.
- Both agreements provide long-term stability for Boot Hill's sports wagering platform through 2030.
Financial Impact
No specific revenue or profit figures disclosed; BSNC receives 90% of sports wagering revenue under the Kansas Lottery contract.
Risk Factors
- DraftKings agreement is contingent on continuing management authority under the Kansas Lottery contract.
- Revenue share (90%) is subject to modification by the Kansas Lottery to comply with future law changes.
- No financial guidance or historical sports wagering revenue figures were provided to quantify the impact.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000015847-26-000037 |
| Document: a82026-pressreleasexboothi.htm | 0000015847-26-000037 |
| Document: boothillsportswageringco.htm | 0000015847-26-000037 |
| Document: 0000015847-26-000037-index-headers.html | 0000015847-26-000037 |
| Document: 0000015847-26-000037-index.html | 0000015847-26-000037 |
| Document: 0000015847-26-000037.txt | 0000015847-26-000037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 8-K | $4.40 $4.32 | ▼ −1.82% | ▼ −1.39% | $5.03 (+14.32%) |
Sep 30, 2026 27d ago | 8-K | $4.03 $4.14 | ▲ +2.73% | ▲ +2.55% | $5.03 (+24.81%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.09 $4.11 | ▲ +0.49% | ▲ +1.21% | $5.03 (+22.98%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.09 $4.11 | ▲ +0.49% | ▲ +1.21% | $5.03 (+22.98%) |
Sep 11, 2026 6w ago | 8-K | $4.25 $4.02 | ▼ −5.41% | ▼ −4.97% | $5.03 (+18.35%) |
Aug 20, 2026 9w ago | 8-K | $4.25 $4.11 | ▼ −3.29% | ▼ −3.70% | $5.03 (+18.35%) |
Jul 16, 2026 14w ago | Insider Cluster | $4.86 $4.78 | ▼ −1.65% | ▼ −1.48% | $5.03 (+3.50%) |
Jul 14, 2026 14w ago | Insider Cluster | $4.78 $4.80 | ▲ +0.42% | ▲ +0.96% | $5.03 (+5.23%) |
Jul 14, 2026 14w ago | Insider Cluster | $4.78 $4.80 | ▲ +0.42% | ▲ +0.96% | $5.03 (+5.23%) |
Jul 8, 2026 15w ago | 8-K | $4.25 $4.37 | ▲ +2.82% | ▲ +1.98% | $5.03 (+18.35%) |
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