DraftKings and Flutter navigates volatile margins, state tax risks By Investing.com
Update: 2025-11-04
Description
Bank of America downgrades DraftKings and Flutter Entertainment amidst shaky betting profit margins, tax concerns, and new prediction markets. DraftKings' iGaming market share drops, and pre-tax earnings forecasts are revised downward. Both companies face a 'perfect storm' of regulatory hurdles, taxes, and competition, with potential for increased promotions and aggressive pricing in the US sports betting market.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
