Illinois Posts Record $1.6 Billion Handle For October [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Handle was up 11% from last year despite a 15.9% decline in the volume of wagers — nearly 6.4 million — as the state's per wager surcharge tax continues to impact betting. FanDuel and DraftKings, which are paying the higher 50-cent surcharge per wager after crossing 20 million accepted bets in the current fiscal year, saw declines of 25.6% and 26.8%, respectively. The surcharge generated $14.7 million in receipts for the state in October, lifting the four-month total since being enacted at the start of the fiscal year to $35.3 million. Adjusted gross revenue totaled $135 million, resulting in $41.5 million being redirected to state coffers. The $126.8 million in gross operator winnings resulted in a 7.9% hold for the month. Illinois also joined New York as the only states to surpass $1 billion in state-specific sports betting tax revenue in the post-PASPA era. Running YTD Top 10 #SportsBetting handles by state (*thru Nov.) 1 New York* $23.95B 2 Illinois $12.55B 3 New Jers
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News
- DraftKings (NASDAQ:DKNG) was given a new $43.00 price target on by analysts at Truist Financial Corporation.MarketBeat
- You could have won money off what Trump said in Eastern NC Friday night [Yahoo! Finance]Yahoo! Finance
- DraftKings Enters The Prediction Markets (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Jim Cramer on DraftKings: “I Like It Very Much” [Yahoo! Finance]Yahoo! Finance
- DraftKings (NASDAQ:DKNG) had its "outperform" rating reaffirmed by analysts at UBS Group AG.MarketBeat
DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website