In response to the new per-bet tax introduced by the legislature, the two largest online sportsbooks are charging users a per ...

In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and ...

DraftKings announced Thursday evening that it will impose a 50-cent “transaction fee” on all online sports bets placed with ...

Following on the heels of a similar action by Flutter Entertainment ( FLUT ), DraftKings ( NASDAQ: DKNG) will implement a ...

DraftKings has become the second operator to announce a transaction fee for sports bets in Illinois in response to the state ...

DraftKings is joining FanDuel with a 50-cent fee on all mobile and online bets in Illinois to offset the state's latest tax.

DraftKings has followed the lead of rival FanDuel by introducing a $0.50 transaction fee on each bet placed on its platform ...

Smaller players in the gambling industry have an opportunity to snap up market share as DraftKings and other behemoths ...

Thursday, DraftKings announced that all Illinois online and mobile bets will face a transaction fee. They join FanDuel, which made a similar announcement earlier in the week. This all ties into the ...

Shares of DraftKings (NASDAQ:DKNG) fell 5%, while Flutter saw a 3.3% decline following the announcement of new legislation in Illinois that introduces additional fees for online sportsbook operators.

Discover how new tax hikes on sportsbooks, like Illinois' latest tax, impact DraftKings' profitability. Read my DKNG stock ...