DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears

Topline Bets on sports betting giants came up short Tuesday, as shares of gambling market dominators DraftKings and FanDuel tanked as Illinois closed in on a significant increase on the tax rate facing the companies' operations in the state. Tuesday was an icy day for DraftKings investors. Getty Images Key Facts DraftKings stock nosedived 11% and U.S.-listed shares of FanDuel parent Flutter Entertainment tanked 7% in Tuesday trading, moving against the tech-heavy Nasdaq stock index's modest gain. The stock ...