From Yahoo Finance: 2025-06-02 14:16:00

DraftKings and other sports betting stocks dropped as Illinois passed a budget with a new tax on the industry. The tax is 25-50 cents per bet. DraftKings, FanDuel, MGM Resorts, and others saw shares fall. Analysts estimate DraftKings could face $68 million in additional taxes. The Sports Betting Alliance plans to fight the tax.



Read more at Yahoo Finance: Sports Betting Stocks Slip as Illinois Passes New Per-Bet Tax