Shares of online sports betting platforms struggled Monday. Illinois lawmakers passed a budget that included what one analyst described as a surprise tax increase on wagers.
SailGP is providing real-time odds to gaming platfoms to allow users to place bets SailGP's sports betting push is part of a broader strategic plan to attract new fans, drive deeper engagement and grow the league's popularity
During an earnings season where analysts expected many companies to lower guidance, darling gambling stock DraftKings NASDAQ: DKNG was one that had to do just that. Even as shares are down nearly 34% from their all-time high reached in February as of the May 21 close, DraftKings stock is still up more than 150% over the past three years.
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