The Hidden Battle DraftKings Can't Win
(NASDAQ: DKNG) 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.
Source Fool.com
DraftKings Inc. Stock
€27.79
-1.680%
The stock is one of the favorites of our community with 75 Buy predictions and 2 Sell predictions.
As a result the target price of 46 € shows a very positive potential of 65.56% compared to the current price of 27.79 € for DraftKings Inc..
