DKNG Jan 2025 37.000 put
- Yahoo Finance Video
DraftKings, Flutter fall on Illinois sports betting tax hike bill
Shares of DraftKings (DKNG) and Flutter Entertainment (FLUT, FLTR.L) fell sharply on Tuesday after the Illinois state Senate passed a budget that includes a tax hike on sports betting companies. The concern for investors is that other states could follow suit. Yahoo Finance's Seana Smith and Brad Smith break down the concerns about the legislation for the companies. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Investor's Business Daily
DraftKings, FanDuel Stocks Blitzed By 140%+ Illinois Tax Hike
DraftKings and FanDuel-parent Flutter Entertainment both fell after the Illinois Senate advanced a budget that would more than double online sports betting taxes.
- Bloomberg
DraftKings Falls as Illinois Nears Sports Betting Tax Hike
(Bloomberg) -- DraftKings Inc. and FanDuel-owner Flutter Entertainment Plc fell on Tuesday after the Illinois Senate passed legislation that would raise taxes on sports betting.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughMortgages Stuck Around 7% Force Rapid Rethink of Ame
