Jason Robins, DraftKings CEO, joins CNBC's 'Squawk on the Street' to discuss Illinois' new tax on mobile and online sports wagers.

DraftKings has become the second operator to announce a transaction fee for sports bets in Illinois in response to the state ...

J.B. Pritzker says Illinois budget, which includes new tax rate on every online sports wager, showcases state's "hard-earned fiscal responsibility." ...

FanDuel has responded after Illinois finalized plans to charge sportsbooks for every wager placed in the state ...

The new tax is applied to each wager that a sportsbook accepts — 25 cents per bet for the first 20 million wagers, 50 cents per wager after that.

This decision follows significant tax increases on sports wagering imposed by the Illinois ... DraftKings expresses a willingness to remove the transaction fee should state legislation change ...

In response to the new per-bet tax introduced by the legislature, the two largest online sportsbooks are charging users a per ...

DraftKings continues to support collaborative policymaking that works for the state and allows for the long-term sustainability of the industry. Should the legislation be repealed, the company will ...

Illinois sports bettors will soon face a $0.50 online bet fee imposed by FanDuel, reacting to new state tax laws aimed at ...

Citi analysts also maintained a Buy rating with a $55 price target, noting the impact of a new Illinois tax that could affect DraftKings’ EBITDA by $30 million to $40 million.

“We are disappointed that Illinois policymakers have chosen to more than triple our tax rate over the past ... potential litigation involving DraftKings; changes in applicable laws or ...

Combined, FanDuel and DraftKings account for about 75% of the Illinois sports betting ... Before the change, they were paying at 15%. When that tax bill passed, DraftKings initially said it ...