DraftKings may tax wins, changing odds, while rivals like Bet Rivers will not. The industry and bettors' reactions are anticipated. This will effect bettors. Judge Chutkan's 'Interesting' Move ...

Online betting is a large and fast-growing business: as of 2023 the U.S. online gambling market was estimated to have revenue ...

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.

Gov. J.B. Pritzker’s record $55.2 billion budget relies on Illinoisans paying over $394 million in new or higher taxes on ...

Kelley detailed the implications of the new legislation ... Bender pointed out that the tax seems specifically designed to impact DraftKings and FanDuel more than mid-scale companies due to ...

Despite the Illinois tax hike, DraftKings is expected ... a period of uncertainty and risk-off sentiment, DraftKings is likely to face consequences as well. To sum everything up, DraftKings ...

DraftKings Inc. (NASDAQ: DKNG) experienced a significant decline in its stock price on Monday, June 2, 2025, dropping approximately 6% before noon. This downturn followed the announcement of Illinois’ ...

FanDuel has announced a 50-cent fee on all Illinois sports bettors which could have major implications on the industry ...

DraftKings offer change follows Illinois tax hike This change comes just a few days after Illinois legislators passed a dramatic sports betting tax increase. As part of its new budget, Illinois ...

The bill would allow RhodeIsland residents to play on their favorite apps, while increasing tax revenue," DraftKings wrote in committee testimony backing the bill. "A marketplace with multiple ...