Butler National Corporation

Item 1.01 Entry into a Material Definitive Agreement On August 17, 2026, Butler National Corporation (the “Company”) subsidiaries BHCMC, LLC (“Boot Hill Casino”), the manager of Boot Hill Casino & Resort, and Butler National Service Corporation (“BSNC”) entered into a Renewal of the Lottery Sports Wagering Management Contract (the “Renewal Contract”) with the Kansas Lottery. The Renewal Contract provides for a three-year extension of Boot Hill Casino’s management of sports wagering operations in Kansas commencing September 1, 2027, and that BSNC will be paid 90% of all of the sports wagering revenue generated by it, subject to modification by the Kansas Lottery as necessary to comply with future requirements of law. The foregoing description of the Renewal Contract does not purport to be complete and is qualified in its entirety by reference to the full text of agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 8.01 Other Events On August 20, 2026 the Company issued a press release announcing the entry into an amended and extended agreement with DraftKings to facilitate online and mobile sports wagering for an additional ten year term. The DraftKings agreement is subject to continuing sports wagering management authority by the State of Kansas under the Renewal Contract.