By Michele Maatouk
Date: Tuesday 28 May 2024
LONDON (ShareCast) - (Sharecast News) - DraftKings and FanDuel owner Flutter Entertainment slid on Thursday after the Illinois Senate passed a bill that would make Illinois the second most expensive state for wagers to do business in.
According to reports, the bill - which was approved over the weekend by a 37 to 22 vote - would mean that operators with the highest adjusted gross revenue would pay a 40% tax.
The bill, which will now go back to the House for concurrence, is due to become effective on 1 July.
The top rate would be the second highest among US states with competitive markets after New York, at 51%.
At 1250 BST, Flutter shares were down 4.8% at 15,210p, while DraftKings was down 6.8% in pre-market trade.
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Currency | UK Pounds |
Share Price | 14,440.00p |
Change Today | -360.00p |
% Change | -2.43 % |
52 Week High | 17,475.00p |
52 Week Low | 12,155.00p |
Volume | 281,393 |
Shares Issued | 177.60m |
Market Cap | £25,646m |
RiskGrade | 135 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 10 |
Buy | 13 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 0 |
Total | 26 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 05-Sep-19 | 11-Apr-19 |
Paid | 09-Oct-19 | 21-May-19 |
Amount | 67.00p | 133.00p |
Time | Volume / Share Price |
16:52 | 29 @ 14,440.00p |
16:47 | 3,196 @ 14,500.43p |
16:36 | 3,503 @ 14,440.00p |
16:35 | 357 @ 14,440.00p |
16:35 | 3 @ 14,440.00p |
CEO | Peter Jackson |
CFO | Rob Coldrake |
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