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

Robins raised concerns about the impact of these tax hikes on the legal ... Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming ...

BOSTON, June 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent and prior sports wagering tax increases ... to regulations in five states and in Ontario, Canada under its DraftKings brand ...

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Light & Wonder (NASDAQ:LNW) ...

Nov. 20, 2024: Ohio regulator fines DraftKings $425K for accepting bets on college props after the state banned them. Nov. 14, 2024: Ohio increased its sports betting tax to 20% in 2023 ...

The Chicago Tribune had a report that the new changes could result in $36 million annually, but top operators like FanDuel and DraftKings could be taxed ... We'll see how these new tax laws impact ...

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.

In response to these taxes, DraftKings and Flutter’s shares plummeted by 6% and 3%, respectively, since this new tax is likely to have a major impact on both companies. This is mainly due to ...

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