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Draft Kings $DKNG was under pressure yesterday, and while further tax hikes are probable and not to be taken lightly, I think it was an overreaction and I continue to be bullish. Quick overviewโฆsentiment in the online gambling space has turned increasingly negative over theโฆ
Following Tuesday's drop, analysts are weighing on how increases in sports-tax legislation could affect DraftKings and other gaming stocks ๐ค ๐๐ญ๐จ๐๐ค ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฒ โก๏ธ @J_B_Horne has the latest on $DKS:
Barclay's note on $DKNG https://t.co/ptroS36RHK
$DKNG stock surged 61% after reporting Q1 earnings with doubts on its future. However, it dropped 10% due to regulatory concerns. Analysts are discussing the impact of sports-tax legislation on DraftKings and other gaming stocks.