Day: August 14, 2024
DraftKings Surcharge Gambit Was ‘Head Fake,’ Says Analyst
Shares of DraftKings (NASDAQ: DKNG) closed higher by almost 2% Wednesday on volume that was more than double the daily average after the company reversed course on a previously announced plan to tax winning sports bets in four high-tax states. DraftKings stock is highlighted at the Nasdaq market site in New York City. Analysts defended…
Read MoreiGaming Study Suggests States Leaving $15B in Possible Tax Revenue on the Table
A new study on iGaming suggests states could receive an immediate financial windfall by legalizing online slot machines and table games. A billboard advertising DraftKings’ online casino operations in Pennsylvania is seen along a highway near Pittsburgh. A new iGaming study suggests states would be smart to authorize online casino games. (Image: The Wall Street…
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