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 trade ...