DraftKings Stock Hit by Tax Increase News in Illinois

Reported 6 months ago

DraftKings (NASDAQ: DKNG) stock faces challenges as Illinois considers raising taxes, potentially impacting the company's financial prospects. Travis Hoium explains how taxes could pose ongoing obstacles for online gaming firms. The Motley Fool Stock Advisor suggests considering other investment opportunities aside from DraftKings, citing potential high returns on other selected stocks. Travis Hoium discloses holdings in MGM Resorts International and the Motley Fool's endorsement, while recommending prudent investing decisions.

Source: YAHOO

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