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 started a PAC in 2023, and prominent casinos like MGM Resorts and Caesars ...

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

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 ...

He views this strategy as the best way for DraftKings to outperform its competition. The new charges for users in higher-tax states will create room for these investments, he explains.

PrizePicks filed the suit, SidePrize LLC d/b/a PrizePicks v. Huffman, in the U.S. District Court for the Western District of ...

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 ...

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 ...

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