The Hidden Battle DraftKings Can't Win
DKNGDraftKings(DKNG) The Motley Fool·2024-08-08 17:00

If taxes go up on online gaming there's not a lot DraftKings can do about it. DraftKings (DKNG -3.95%) continues to grow like crazy and the business is becoming more efficient as it scales. But there's a huge drag on profitability from taxes, which could become an ongoing challenge. In this video, Travis Hoium shows why taxes on online gaming will be a headwind DraftKings may not be able to overcome. *Stock prices used were end-of-day prices of Aug. 6, 2024. The video was published on Aug. 6, 2024. ...