DraftKings Inc Announces Transaction Fee in Illinois
DraftKings Inc has announced the introduction of a 50-cent transaction fee on all transactions in the state of Illinois. This move is aimed at offsetting the impact of increased betting taxes.
The decision follows a similar move by rival company FanDuel. The transaction fee will be applied to all transactions in Illinois, effective immediately.
Key Details
- Transaction fee: 50 cents per transaction
- Applies to all transactions in Illinois
- Aimed at offsetting increased betting taxes
The impact of this decision on DraftKings Inc’s stock price is likely to be mixed, with some investors viewing the move as a necessary step to maintain profitability in the face of rising taxes.