The Impact of Illinois Proposed Tax Rate Increase on DraftKings Stock
Tuesday, 28 May 2024, 17:11
Expert Analysis:
Illinois is contemplating a tax rate hike for sports betting from 15% to as high as 37%.
Implications on DraftKings:
- DraftKings stock plummets sharply by 13.5% post the tax rate proposal.
- Investors closely monitoring the situation for potential financial ramifications.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.