Shares of DraftKings Inc. (NASDAQ:DKNG) saw a significant uptick Monday afternoon. This surge comes on the heels of a pivotal decision by the U.S. Supreme Court that has significant implications for the future of online sports betting in Florida and optimism that taxes will not be introduced into New Jersey’s 2025 budget, which needs to be finalized by June 30.
What Happened: According to APNews, the U.S. Supreme Court refused to hear a challenge to an agreement granting the Seminole Tribe exclusive rights to operate online sports betting in Florida. This compact, initially ...