Illinois has implemented a new tax structure for sports betting that could lead to changes both in and out of the state ...

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 ...

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 ...

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

FanDuel and DraftKings raked in more than $729 million from Illinois bettors last year. Under the newly enacted graduated tax regime, FD owed approximately $145 million, while DK's tax bill would ...

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.

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 ...

DraftKings faces tax hike in Illinois, but analysts maintain bullish outlook with 56.49% upside. ... This change is expected to take effect in July, pending approval by the House.

Analyst Bernie McTernan of Needham maintained a Buy rating on DraftKings (DKNG – Research Report), retaining the price target of $60.00. Bernie McTernan has given his Buy rating due to a ...