BMO Capital analyst Brian Pitz reiterated a Buy rating on DraftKings (DKNG ... Despite recent tax legislation in Illinois and the UK posing some challenges, the overarching narrative remains ...

The 3-5% tax is both a small percentage of an overall win and a handicap that makes breaking even an effectively insurmountable challenge. To that point, DraftKings’ tax may kill two birds with ...

Analysts are concerned about tax rate increases on sports gambling wins, but top operators have defenses in geography. DraftKings Inc ... peer anywhere close to challenge the leaders for a ...

The new fee structure is not a flat tax rate across the gross ... to smaller operators in the market. As DraftKings navigates these new financial challenges, the company is expected to reassess ...

Regulatory changes, such as increased tax rates in certain states, pose a significant challenge to DraftKings' path to profitability. The company's revised EBITDA guidance for 2024 demonstrates ...

Sports-betting operator DraftKings Inc. said it’s weighing its next moves after a recent tax increase in Illinois.

Most notably, Needham suggested that DraftKings might follow in the footsteps of Flutter Entertainment to mitigate the impact of the higher Illinois tax ... despite the challenges posed by ...

Despite the Illinois tax hike, DraftKings is expected to ... They see this as a short-term challenge that DraftKings can manage. In fact, they remain bullish on the company’s long-term potential.

Grove says being up front about the charge also signals to states how much DraftKings thinks its business model can sustain when it comes to tax rates ... and know the challenges of overcoming ...

However, potential tax rate increases in states ... projections if executed successfully. DraftKings continues to navigate a complex and evolving industry landscape, balancing growth opportunities ...

Despite near-term challenges, the long-term outlook for DraftKings ... potentially drawing users away from DraftKings' platform. What risks does DraftKings face from potential regulatory changes and ...