Sentiment Trading

DraftKings Inc. faces financial headwinds after a new tax in Illinois is imposed, leading to a decline in its stock price and raising concerns about its earnings.

DraftKings Inc. faces financial headwinds after Illinois imposes a new tax on sports wagers, sparking concerns among investors and industry stakeholders.

DraftKings Inc. reported a 20% revenue jump in Q1 2025, but cut its full-year guidance due to favorable sports outcomes and market challenges, highlighting the company’s resilience and strategic plans for growth.