Fool.com contributor Parkev Tatevosian discusses what the news could mean for DraftKings (DKNG 0.23%) stock investors.
*Stock prices used were the afternoon prices of May 27, 2024. The video was published on May 29, 2024.
Massive News for DraftKings Stock Investors
By Parkev Tatevosian, CFA – May 30, 2024 at 5:00AM EST
NASDAQ: DKNG
DraftKings
Market Cap
$17B
Today's Change
(-0.23%) $0.08
Current Price
$34.46
Price as of December 24, 2025 at 1:00 PM ET
An increase in the tax rate will hurt DraftKings' business in one of its larger markets.
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Stocks Mentioned
DraftKings
NASDAQ: DKNG
$34.46 (0.00%) $0.08
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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