How much the Illinois sports betting tax could cost operators

Shares of sportsbook operators DraftKings (DKNG), FanDuel parent company Flutter Entertainment (FLUT), and MGM Resorts (MGM) are hard pressed on Monday after Illinois lawmakers passed a tax on sports bets. Citizens Senior Equity Research Analyst Jordan Bender comes on Asking for a Trend to discuss what this new tax could cost sports betting platforms in the long run. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.