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

Income from the tax goes the state’s general revenue fund. FanDuel and DraftKings both announced they now will include a ...

Fanatics will charge a $0.25 fee per wager in Illinois, following a new per-bet state tax. DraftKings and FanDuel already added similar surcharges.

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 ...

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 ...

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.

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.

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 ...

Company News Published 06/12/2025, 04:51 PM 0 DraftKings to add 50-cent fee on Illinois bets amid tax hikes DKNG 0.11% ...