DKNG Jan 2026 23.000 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
Dow Loses 300 Points As Nasdaq Trims Gains; This Biotech Pops On Positive Trials
Meanwhile, the Nasdaq composite tried to stay positive in the stock market today. The Dow Jones index weakened further and lost 0.8%, off more than 300 points. The S&P 500 eased 0.2%, while the Nasdaq trimmed its gain to 0.3%, even with a lift from Nvidia.
- Barrons.com
These Stocks Are Moving the Most Today: GameStop, Nvidia, DraftKings, Insmed, U.S. Cellular, Duolingo, Norwegian, and More
GameStop soars after completing an offering of 45 million shares for proceeds of about $933.4 million, Nvidia stock gets a boost from an announcement that Elon Musk’s XAI raised $6 billion in the start-up’s latest fundraising round, and DraftKings tumbles as Illinois senators pass a new budget that includes a tax increase on sports-betting operators.
