President Trump Buys DraftKings, Red Rock, Sells Other Gaming Stocks
Posted on: May 14, 2026, 06:57h.
Last updated on: May 14, 2026, 06:57h.
- The president’s first-quarter financial disclosure indicates he bought DraftKings and Red Rock Resorts, among other gaming stocks
- He sold some gaming positions, too
- The report details more than 3,600 transactions
Financial advisors to President Trump were certainly busy in the first quarter and that includes buying and selling of some gaming stocks.
In the president’s first-quarter financial disclosure form filed with the US Office of Government Ethics (OGE), it was revealed that Trump’s money managers bought $50,001 to $100,000 worth of Red Rock Resorts (NASDAQ: RRR) stock on March 30 after buying $1,001 to $15,000 in DraftKings (NASDAQ: DKNG) equity on Jan. 21.
Trump’s advisors also bought $1,001 to $15,000 in Flutter Entertainment (NYSE: FLUT) shares on the same day. That company is the owner of FanDuel, the largest US online sportsbook. Politicians’ filings with the OGE pertaining to stock purchases and sales require the pols to disclose transaction dates and dollar ranges, not specific values of those transactions.
Of the three aforementioned transactions, none are particularly unusual, though the one that’s arguably most interesting is Trump’s purchase of Red Rock shares. He’s chummy with Frank and Lorenzo Fertitta, the majority shareholders of that company and two donors to the president and other Republican campaigns.
Trump Sold Some Gaming Stocks, Too
Trump didn’t just buying gaming stocks in the first quarter. He sold some, too. On Feb. 12, he sold $1,001 to $15,000 worth of Churchill Downs (NASDAQ: CHDN) stock.
On March 17, the president’s money managers dumped $100,001 to $250,000 in Wynn Resorts (NASDAQ: WYNN) stock. Stretching a bit here, that transaction is somewhat interesting because Tilman Fertitta, Trump’s ambassador to Italy and San Marino, is the largest shareholder of Wynn, controlling about 13% of the company’s shares outstanding.
There’s speculation that Fertitta could unload all or a portion of his Wynn position to potentially finance a portion of a takeover of Caesars Entertainment (NASDAQ: CZR), but that has not been confirmed. Recent filings with the Securities and Exchange Commission (SEC) indicate Fertitta has been selling calls — an income-generating move — against his Wynn shares.
Among the president’s other first-quarter transactions with gaming ties, his advisors sold positions in Coinbase Global (NASDAQ: COIN) and Robinhood Markets (NASDAQ: HOOD), both of which are emerging players in the prediction markets industry. Those short-term holds as the OGE filing indicate the president cut those positions loose week after initiating them.
Trump Was Quite the Trader in Q1
Well, his advisors were. The OGE filing, which spans 113 pages, details a staggering 3,642 transactions, both buys and sales, during the first three months of the year.
For those keeping score at home, that works out to be nearly 60 transactions per day because US markets were open for 61 days in the first quarter.
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