DKNG - DraftKings Stock Is Sliding Tuesday: What's Going On? | Benzinga
DraftKings Inc (NASDAQ:DKNG) shares are trading lower Tuesday morning after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.
What To Know: According to several reports, the Illinois senate approved new tax increases over the weekend that would more than double the current tax rate.
Sportsbooks in Illinois are currently paying an effective tax rate of about 15%, but the new tax increases would see that number jump ...