DraftKings expected to implement new transaction fee like Flutter in response to tax impact.

From Yahoo Finance: 2025-06-11 09:55:00

Flutter Entertainment (FLUT) will implement a new 50c transaction fee on bets in Illinois due to a state legislature decision. Jefferies analyst David Katz expects DraftKings (DKNG) to follow suit to offset the tax impact. Katz views this move positively, giving DKNG a Buy rating and $60 price target.

The announcement was first reported on TheFly, a source for real-time financial news. For more hot stock tips from insiders, visit TipRanks.

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