Fool.com contributor Parkev Tatevosian discusses what the news could mean for DraftKings (DKNG -1.05%) stock investors.
*Stock prices used were the afternoon prices of May 27, 2024. The video was published on May 29, 2024.
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Massive News for DraftKings Stock Investors
By Parkev Tatevosian, CFA
–
May 30, 2024 at 5:00AM
NASDAQ: DKNG
DraftKings
Market Cap
$17B
Today's Change
(-1.05%) -$0.36
Current Price
$33.82
Price as of April 25, 2025, 3:58 p.m. ET
An increase in the tax rate will hurt DraftKings' business in one of its larger markets.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Stocks Mentioned
DraftKings
DKNG
$33.82
(-1.05%)
$0.36
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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