Flutter Entertainment shares are trading higher amid optimism that taxes will not be introduced into New Jersey's 2025 budget which closes on June 30th. Also, the U.S. Supreme Court denied the petition to hear the Florida sports betting case, which may accelerate other state launches.
Portfolio Pulse from Benzinga Newsdesk
Flutter Entertainment shares are trading higher due to optimism that New Jersey will not introduce new taxes in its 2025 budget and the U.S. Supreme Court's decision to deny hearing the Florida sports betting case, potentially accelerating other state launches.
June 17, 2024 | 5:15 pm
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Flutter Entertainment shares are trading higher due to optimism that New Jersey will not introduce new taxes in its 2025 budget and the U.S. Supreme Court's decision to deny hearing the Florida sports betting case, potentially accelerating other state launches.
The absence of new taxes in New Jersey's budget is positive for Flutter Entertainment's financial outlook. Additionally, the U.S. Supreme Court's decision not to hear the Florida sports betting case could lead to faster expansion in other states, further boosting the company's growth prospects.
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