Jefferies Group reduced its price target for DraftKings to $53 from $60 and has a Buy recommendation on the stock. This ...

Most laws in Illinois go into effect on Jan. 1 in Illinois, but some begin on July 1. There are a multiple new laws to be ...

Multiple tax changes for Illinois begin today with the intention of filling gaps in the budget. The state originally was projected to have about a $3 billion deficit. Some taxes were increased and ...

This change came after Illinois lawmakers increased taxes on sportsbooks from 15% to a tiered system ranging from 20 to 40% last year. In 2024, Illinois took in more than 370 million sports bets.

DraftKings Inc. has announced the implementation of a 50-cent transaction fee on all mobile and online bets placed in Illinois, effective September 1, 2025. This decision follows significant tax ...

Several new Illinois laws and tax increases take effect on July 1, 2025, including new rules for single-use plastics, a tipped minimum wage increase, and taxes on sports bets, vaping and gas.

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 ...

BOSTON - DraftKings Inc. (NASDAQ:DKNG), the $18.8 billion market cap sports betting giant with a notable 23% revenue growth over the past year, announced Thursday it will implement a 50-cent ...

Before the change, they were paying at 15%. When that tax bill passed, DraftKings initially said it would pass along the costs to consumers . After massive backlash, it reversed course .

DraftKings to add 50-cent fee on Illinois bets amid tax ... Illinois as a response to the state’s legislative changes. Despite these challenges, DraftKings continues to focus on revenue ...