DraftKings (DKNG) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, DraftKings (DKNG) closed at $36.64, marking a -0.27% move from the previous day.
Taxation: The cost of doing business in the US gambling industry
Taxation has become a critical factor for the gambling industry in the United States, impacting operators' profitability and market strategies. According to a recent note from Berenberg, the introd...
DraftKings Stock: Thrown Out With The Bathwater, Why I'm Long
DraftKings Inc. stock appears to be a pointless investment due to recent volatility, but sticking with the thesis may lead to rewards. DraftKings Inc. is projected to grow at a 37% CAGR in 2024, wi...
DraftKings (DKNG) Stock Falls Amid Market Uptick: What Investors Need to Know
DraftKings (DKNG) concluded the recent trading session at $37.67, signifying a -0.87% move from its prior day's close.
Here's Why DraftKings (DKNG) Fell More Than Broader Market
The latest trading day saw DraftKings (DKNG) settling at $43, representing a -0.58% change from its previous close.
DraftKings Emerging As A Leader In $35B North American Online Betting Market, Analyst Says
Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target.
Could Investing $100,000 in DraftKings Stock Make You a Millionaire?
DraftKings stock tumbled recently after legislators in Illinois passed a significant tax hike on sports betting businesses. It's unclear whether other states will follow suit.
Why DraftKings Stock Cratered and May Fall Further
Illinois increased its tax on online gaming revenue, which will be a big hit to DraftKings. Taxes are a huge threat to DraftKings' improving bottom line.
Massive News for DraftKings Stock Investors
An increase in the tax rate will hurt DraftKings' business in one of its larger markets.
Where Will DraftKings Stock Be in 5 Years?
DraftKings is benefiting from more states legalizing online sports betting. The next stage of the company's growth will be from becoming more profitable.
DKNG, FLUT Reaction to Sports Betting Tax is Overdone
The “math and checks suggest the reaction is overdone,” notes Jefferies on DKNG and FLUT reaction to the Illinois news. Jefferies views the Illinois tax as “relatively state-specific.
Draftkings shares fall on gaming tax fears
CNBC's Contessa Brewer joins 'Power Lunch' to discuss DraftKings shares falling and gaming stocks reaction to state tax hikes.
Signal: Buy the Dip on DraftKings Stock
The shares of sports betting company DraftKings Inc (NASDAQ:DKNG) are crumbling today, last seen 11.6% lower to trade at $36.09, after the Illinois Senate passed a 2025 budget that will raise taxe...
Why DraftKings Stock Just Crashed 13.5%
Illinois is more than doubling the tax rate on online sports betting. DraftKings could face a 37% tax bill in 2025.
DKNG, FLUT, PENN Fall on Higher Sports Gaming Operator Tax
Sports gaming stocks are falling as the Illinois Senate approves a higher tax on operators. Caroline Woods discusses this as this Illinois tax introduces a progressive tax rate for operators based ...
Related Companies