Flutter Entertainment shares are trading lower after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.
Portfolio Pulse from Benzinga Newsdesk
Flutter Entertainment shares are trading lower after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.
May 28, 2024 | 1:14 pm
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Flutter Entertainment shares are trading lower due to the Illinois Senate's approval of a 2025 budget that includes a sports betting tax hike.
The tax hike on sports betting in Illinois is likely to increase operational costs for Flutter Entertainment, negatively impacting its profitability and leading to a decline in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100