HomeMarketsU.S. Economy & JobsDKNG, FLUT Reaction to Sports Betting Tax is Overdone

DKNG, FLUT Reaction to Sports Betting Tax is Overdone

The “math and checks suggest the reaction is overdone,” notes Jefferies on DKNG and FLUT reaction to the Illinois news. Jefferies views the Illinois tax as “relatively state-specific.” Illinois approved a $53.1B budget which includes a higher tax rate on sports betting operators. Tune in to find out more about the stock market today.

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28 May 2024

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