Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Sponsorship Sector Report - Gambling & Betting Americas 2024" report has been added to ResearchAndMarkets.com's offering.This report provides an overview of the gambling and betting sector across the Americas region. It explores all the main active brands in the sector as well as details the movement in the sector over the last few years in the sports sponsorship industry.American Football dominates the spend in the gambling and betting sector across the Ameri ...

Shares of DraftKings (NASDAQ:DKNG) stock are surging higher after the U.S. Supreme Court declined to hear the West Flager Associates’s (WFA) case against the Seminole Tribe. In 2021, the tribe gained exclusive rights to online Florida sports betting under the notion that all sports betting occurs on tribal land because that is where the servers are located.The WFA had claimed that online Florida sports betting should not have been approved by the Department of Interior because the betting does not physicall ...

DraftKings (NASDAQ:DKNG) is a thriving business, but that comes with a cost as some state-level legislators want a piece of that delicious fiscal pie. No worries, though, as DraftKings can still continue to succeed as a business enterprise and DraftKings stock has mega-rally potential.DraftKings’ shareholders got slammed not long ago, and there’s a specific news item to blame for this. Yet, the reduced DraftKings share price is an opportunity, not a problem. After all, when short-term stock traders overreac ...

Loading...Loading...Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target.The analyst noted DKNG as a leader in the emerging North American online gambling market, which is a $35 billion market opportunity.McTernan said the legislative environment overall supports greater market access, which is a win-win for consumers and states.Also Read: DraftKings Q1 Earnings Highlights: Sportsbook Posts Revenue Beat, EPS Beat, Raises Revenue, EBITDA GuidanceHe noted an upside ...

DraftKings (DKNG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -14.7% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Gaming industry, to which DraftKings belongs, has lost 5.9% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports o ...

Taxes could crush DraftKings' improving business. DraftKings (DKNG 1.11%) stock has been hit by news that Illinois could be raising taxes, and that may undermine the company's financial upside. As Travis Hoium discusses in this video, taxes may continue to be a headwind for online gaming companies long-term. *Stock prices used were end-of-day prices of June 3, 2024. The video was published on June 3, 2024. ...

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. ...

Although the shares climbed over the last year, the company's best days still could be ahead.DraftKings (DKNG -10.29%) has been a great stock to own over the past year, with the stock up over 55% during that period. However, it's not hard to imagine that the best days are still ahead for the company and its shareholders. The stock has always been a play on states' continued legalization of online sports and casino betting. This has steadily played out, with Vermont and North Carolina the latest to legalize ...

The shares of sports betting company DraftKings Inc (NASDAQ:DKNG) are crumbling today, last seen 11.6% lower to trade at $36.09, after the Illinois Senate passed a 2025 budget that will raise taxes on gross gaming revenue raise by more than 140%. Today's plunge could be short lived, if past is precedent, as DKNG recent pulled back to a historically bullish trendline.The stock is now below its 126-day moving average after spending a significant period of time above it, defined for this study as having traded ...

Illinois could raise its tax rate for sports betting from 15% to as much as 37%.Shares of online sports gambling website DraftKings (DKNG -11.57%) got decked on Tuesday, falling 13.5% through 11:50 a.m. ET. The Wall Street Journal reported that Illinois legislators have approved their 2025 budget, including a provision that would more than double taxes on sports betting operators.Citing multiple analyst reports, TheFly.com estimates that the new law, if signed by the governor, will raise DraftKings' Illinoi ...