Fool.com contributor Parkev Tatevosian discusses what the news could mean for DraftKings (DKNG 0.18%) 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
An increase in the tax rate will hurt DraftKings' business in one of its larger markets.
By Parkev Tatevosian, CFA – May 30, 2024 at 5:00AM EST
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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.
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