HomeInvestingEarningsDKNG, FLUT, PENN Fall on Higher Sports Gaming Operator Tax

DKNG, FLUT, PENN Fall on Higher Sports Gaming Operator Tax

Sports gaming stocks are falling as the Illinois Senate approves a higher tax on operators. Caroline Woods discusses this as this Illinois tax introduces a progressive tax rate for operators based on their revenue and it imposes a 40% rate on operators with the highest adjusted gross revenue. She highlights gaming stocks DKNG, FLUT, PENN, and CZR. Tune in to find out more about the stock market today.

Morning Trade Live

28 May 2024

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