DraftKings Stock News

BOSTON, June 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and online sports wagers placed with licensed operators, DraftKings Inc. (Nasdaq: DKNG) today announced that it will implement a 50-cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook, e...

FanDuel is adding a 50-cent surcharge on all Illinois wagers. The move is designed to offset the high taxes in the state.

Growth stocks have been some of the best-performing investments over the last few years, but 2025 brought some challenges for growth investors. The increased volatility from growing global trade tensions and economic uncertainty hasn't been kind.

DraftKings (DKNG 1.51%) stock investors were dealt some unfavorable news regarding state taxation of gaming revenue.

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

DraftKings stock, FanDuel parent Flutter Entertainment and other sportsbook operators fall after Illinois advances betting tax.

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.

Eliminating transaction fees and enabling $100 investments highlights the inclusive evolution of modern investing platforms.