Jason Robins, DraftKings CEO, joins CNBC's 'Squawk on the Street' to discuss Illinois' new tax on mobile and online sports wagers.

On June 10, Flutter Entertainment plc (NYSE:FLTR), another player in the space, announced a $0.50 fee for each bet made on its FanDuel platform, effective September 1, to offset the added cost.

J.B. Pritzker says Illinois budget, which includes new tax rate on every online sports wager, showcases state's "hard-earned fiscal responsibility." ...

In response to the new per-bet tax introduced by the legislature, the two largest online sportsbooks are charging users a per ...

DraftKings is joining FanDuel with a 50-cent fee on all mobile and online bets in Illinois to offset the state's latest tax.

In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and ...

Illinois sports bettors will soon face a $0.50 online bet fee imposed by FanDuel, reacting to new state tax laws aimed at ...

On Monday, Citi analysts maintained their Buy rating on DraftKings Inc. (NASDAQ: NASDAQ:DKNG) stock, affirming a price target of $55.00. According to InvestingPro data, analysts have set targets ...

This unexpected tax hike follows a previous increase from 15% to roughly 35% for these operators last year. Kelley further noted the potential financial impact on DraftKings, projecting an approximate ...

This unexpected tax hike follows a previous increase from 15% to roughly 35% for these operators last year. Kelley further noted the potential financial impact on DraftKings, projecting an ...

Detailed reviews of features, bonuses and promotions at legal online casinos in Pennsylvania, including top games and slots.

This increase reflects strong unique payer retention and acquisition across DraftKings’ Sportsbook and iGaming product offerings and the impact of the acquisition of Jackpocket. Excluding ...