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

Jim Cramer says DraftKings and Flutter remain strong buys despite tax law changes that would limit gambling loss deductions under Trump’s new bill.

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 ...

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 ...

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 ...

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 ...

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 ...