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    The Hidden Battle DraftKings Can't Win

    By Travis Hoium,

    8 hours ago

    DraftKings (NASDAQ: DKNG) continues to grow like crazy and the business is becoming more efficient as it scales. But there's a huge drag on profitability from taxes, which could become an ongoing challenge. In this video, Travis Hoium shows why taxes on online gaming will be a headwind DraftKings may not be able to overcome.

    *Stock prices used were end-of-day prices of Aug. 6, 2024. The video was published on Aug. 6, 2024.

    Travis Hoium has positions in MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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