DKNG - What's Going On With DraftKings Stock Thursday? | Benzinga
DraftKings Inc. (NASDAQ:DKNG) shares are trading lower Thursday. As states grapple with the taxation of sports betting, DraftKings has made a strategic move by acquiring digital lottery app Jackpocket.
What To Know: DraftKings shares appear to be experiencing weakness in recent sessions as debates over taxation in the sports betting industry intensify. DraftKings stock is down more than 10% over the last week.
New York has a sky-high 51% tax rate on sportsbook revenue, which has allowed it to collect revenues of approximately $1.9 billion over the last three years, prompting envy and emulation from other states, ...