DraftKings Sportsbook changes tax strategy, upping user costs in four states upon winning a bet. Wall Street assesses impacts on market share and loyalty. Newsom calls special session to fund ...

— DraftKings is one of the first major sports betting platforms to start a corporate PAC. Fantasy sports company PrizePicks ...

DraftKings Inc. (NASDAQ: DKNG) is one of the most active stocks to buy according to analysts. Earlier on June 12, DraftKings ...

FanDuel is adding a new betting fee, responding directly to a new Illinois tax. DraftKings stock rises as bettors may now switch to avoid its rival's fee.

DraftKings shares fall more than 7% after Illinois approves a new state budget that raises taxes on sports betting operators. The new tax imposes fees of 25 cents to 50 cents per wager, raising ...

DraftKings fell under scrutiny in recent years due to their alleged attempt to “obstruct or impair competition” in the sports ...

DraftKings will likely now follow Flutter’s lead and cut marketing spending in high-tax states, analyst Bernie McTernan at Needham & Co. wrote in a research note on Wednesday.

DraftKings shares rebounded Tuesday from a steep decline the previous session that followed news Illinois lawmakers had passed a budget that includes a new sports betting tax. Monitor these crucial ...

Investing.com -- Shares of DraftKings (NASDAQ:DKNG) fell 5%, while Flutter saw a 3.3% decline following the announcement of new legislation in Illinois that introduces additional fees for online ...

Shares of several sports betting companies dropped Monday after lawmakers in Illinois passed a state budget that includes a new tax on the industry.

These strategies may include reducing promotions, passing the fee onto customers, or altering merchandising to incentivize bets with lower effective tax rates. Although DraftKings initially aimed ...