From Yahoo Finance: 2025-06-14 08:45:00

DraftKings responds to a new tax in Illinois by implementing a 50c transaction fee per bet, following Flutter Entertainment’s lead. Jefferies analyst sees this move as a modest positive for DraftKings shares, with a Buy rating and $60 price target. The fee is a direct cost offset due to the tax structure.

For real-time financial news, visit TheFly, the ultimate source for market-moving updates. Check out the top stocks recommended by analysts for investment opportunities. Stay informed on developments related to DraftKings and other companies in the stock market. Follow the link for more information on disclaimer and disclosure policies.

Read more: DraftKings transaction fee in Illinois ‘widely expected,’ says Jefferies