DraftKings CEO Jason Robins. Photo by Barry Chin/The Boston Globe via Getty Images

DraftKings is speaking with investors about raising another $150 million to $200 million in funding, in order to better build out its sports wagering business, Axios has learned.

Big picture: This comes on the heels of the Supreme Court knocking down a federal ban on sports betting, with Delaware and New Jersey already legalizing, and rival FanDuel being acquired by Paddy Power Betfair.

  • Boston-based DraftKings recently partnered with Resorts Atlantic City to offer betting in New Jersey, and expects that it will have the required licenses by the start of NFL season.
  • DraftKings is telling prospective investors that it expects daily fantasy sports to generate most company revenue for years to come, given the relatively slow process of state-by-state approvals for sports wagering.
  • This would be DraftKings' first round of funding since federal regulators blocked its proposed merger with FanDuel, and the ultimate figure could relate to how much more dilution existing investors are willing to swallow.
  • We also hear that Platinum Eagle Acquisition Corp., the SPAC that earlier this year spoke about merging with FanDuel, has also reached out to DraftKings about a similar transaction.
  • DK isn't talking publicly about financing, but has told Axios that it generated $192 million in 2017 revenue, and that it has 10 million registered users.

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In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

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The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.

Election night in Trumpworld

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A luxe election-night watch party at the Trump International Hotel on Pennsylvania Avenue is being planned for President Trump's donors, friends and advisers — but Trump's hand in it is minimal because he's "very superstitious" — people familiar with the plans tell Axios.

The big picture: This "mecca for all things MAGA," as one adviser described it, is one of three hubs where they say Trumpworld will watch returns. The others are the war room at campaign HQ in Rosslyn, Virginia, and the White House residence, where Trump and the first lady will gather close family and advisers before heading to the hotel later that night, the sources said.

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